Devils Mark Plus Volume Imbalance Multi Timeframe

10월 25일

Following the success of the devil marks multi timeframe indicator I decided to add volume imbalance. Devils mark code remains unchanged here.

Functionality of the Devils mark remains the same as in when a candle prints without a wick at either end it indicates an area of price imbalance and it is assumed that the market will want to re-balance this level at some point in the future.

The same can be said for volume imbalances where 2 adjacent candles bodies don't meet. Again it it assumed the market will come back at some point to readdress this imbalance. Once mitigated the volume imbalance will be removed by the indicator.

These areas are best used to add confluence to trade ideas and shouldn't be used to formulate trade ideas on their own.

A table is included for easy reference.

Please note that data for timeframes lower than the current timeframe will not be shown. It is also worth noting that data on much higher timeframes than the current chart timeframe may not be shown due to data restrictions. If in doubt go up a timeframe !

I hope you find this indicator useful.

10월 26일

릴리즈 노트

Increased the mitigation tolerance for forex pairs to 0.00001 so that mitigated devils marks are removed properly from the chart.

10월 26일

릴리즈 노트

Included options to change size and position of table on the chart

10월 28일

릴리즈 노트

Logic code improved for detecting volume imbalances