Being a trader, I have found it important to get the best entry possible. After Discovering imbalances in price I found it would take me hours to identify all of the imbalances that may exist as possible entry points to conduct business. This required sifting through every time frame that I find useful to not only identify these imbalances but then label as well in the quest to get multi-time frame confluence.
This indicator solves that problem by allowing for multi-time frame analysis (up to 7) to locate imbalances in price while identifying multi-time frame confluence in the process. Instead of spending hour after market hours or early in the morning marking these levels up. They are now automated.
The levels this indicator provide are:
Bullish and Bearish imbalance in price (custom per Time frame selected)
Up to 7 different time frames can be analyzed at once
(Caveat is lower time frames don't have enough data to load while on a higher time frame).
The high and low of the zone is also displayed with location selection.
Not every imbalance creates a reaction when they are offered by the market but the right imbalance along with the right confluence can provide the reaction I am looking for from the market to conduct business.
Additional Configurations:
You can change the text, box and border colors
You can hide bear bull or both type of imbalances independently or each time frame.
You can select what size am imbalance must be to then be displayed to reduce noise.
You can also change the location of where the price label is location selection and offset options.
Again, I find imbalances in price as high quality opportunities to conduct business in the stock market. Not every imbalance works as one might expect but this indicator significantly accelerates the process for when it comes to finding the right area of imbalance in price to conduct business at.