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).
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.