Volume Imbalance Matrix [JPT]

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🔷 OVERVIEW

Volume Imbalance Matrix [JPT] is a volume-based technical analysis indicator designed to identify buying and selling pressure in the market.

It analyzes candle volume distribution, volume imbalances, volume spikes, potential absorption patterns, and trend direction to help traders understand market participation and momentum.

The indicator includes a visual dashboard that provides a quick overview of bullish and bearish volume conditions.

🔷 HOW IT WORKS

The indicator evaluates several volume-based conditions:
1. Estimates buying and selling volume using candle direction.
2. Calculates volume delta and buying/selling percentages.
3. Identifies strong volume imbalance based on the selected threshold.
4. Detects volume spikes relative to the average volume.
5. Highlights potential absorption using candle wick structure and volume activity.
6. Applies EMA trend confirmation when enabled.
7. Generates potential BUY and SELL signals when the required conditions align.

🔷 HOW TO USE

-> Add the indicator to your TradingView chart.
-> Monitor the Volume Matrix dashboard.
-> Look for dominant buying or selling pressure.
-> Watch for highlighted imbalance zones.
-> Use volume spikes to identify increased market activity.
-> Check potential absorption signals for possible rejection areas.
-> Combine BUY / SELL signals with market structure, support, resistance, and liquidity analysis.

🔷 IMPORTANT NOTE

This indicator uses candle-direction volume estimation rather than actual bid/ask volume or exchange-level footprint data.

Absorption patterns represent potential price-action conditions and do not confirm institutional activity.

Declinazione di responsabilità

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