OPEN-SOURCE SCRIPT
delta imbalance candle
This Pine Script is a high-frequency order flow tool designed to identify institutional "imbalance" by looking inside a single candle to see who was more aggressive: buyers or sellers.
Here is a concise summary of its functions:
* Intraday Data Splitting: It uses TradingView Premium's request.security_lower_tf to fetch 1-minute data for a specific ticker (like Bank Nifty Futures) regardless of what timeframe you are currently viewing.
* Delta Calculation: It analyzes every 1-minute bar within your current candle. If the 1-minute close is higher than its open, it counts as Buy Volume; otherwise, it counts as Sell Volume.
* Imbalance Identification: It compares total Buy Volume vs. Sell Volume. An "Imbalance" is triggered only if one side is at least 3 times (or your chosen imb_ratio) stronger than the other.
* Selective Chart Coloring: Unlike standard indicators, it only changes the color of the candle on your chart if a significant institutional imbalance is detected. If no imbalance exists, the candles remain their original color.
* Ticker Synchronization: It allows you to track the order flow of a "Source Ticker" (e.g., Futures) while trading on a different chart (e.g., Spot).
Here is a concise summary of its functions:
* Intraday Data Splitting: It uses TradingView Premium's request.security_lower_tf to fetch 1-minute data for a specific ticker (like Bank Nifty Futures) regardless of what timeframe you are currently viewing.
* Delta Calculation: It analyzes every 1-minute bar within your current candle. If the 1-minute close is higher than its open, it counts as Buy Volume; otherwise, it counts as Sell Volume.
* Imbalance Identification: It compares total Buy Volume vs. Sell Volume. An "Imbalance" is triggered only if one side is at least 3 times (or your chosen imb_ratio) stronger than the other.
* Selective Chart Coloring: Unlike standard indicators, it only changes the color of the candle on your chart if a significant institutional imbalance is detected. If no imbalance exists, the candles remain their original color.
* Ticker Synchronization: It allows you to track the order flow of a "Source Ticker" (e.g., Futures) while trading on a different chart (e.g., Spot).
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.