Volume Imbalance

[prolab]

anyone has a script for "Volume Imbalance"? this seems to be an easy one to write? just closing prices w/o wick but what do I know about writing.

This seems to be a really powerful toll

code...

 

[mashume]

Per the docs:
https://tlc.thinkorswim.com/center/howToTos/thinkManual/Bookmap/Imbalance-Indicators
ToS has some sort of a volume imbalance indicator built in.

Perhaps this helps... perhaps not.
mashume

 

[prolab]

Thanks. I looked at this but this is completely different. it's not your typical indicator but rather a heatmap of volume and is not part of a chart.

 

[mashume]

Thanks. I looked at this but this is completely different. it's not your typical indicator but rather a heatmap of volume and is not part of a chart.

Your post above did not make any specific requests. If you have code, or an indicator somewhere else you've seen, please provide code and or links -- preferably both. I don't have the first clue how the indicator you took a screen shot of was created, or even which platform the screen grab is from. Your admonition that it is simply closing prices without wicks doesn't make a great deal of sense when trying to convert the idea to code.

I don't mean to sound offensive, but it is far easier to help the more we know more about what you want rather than a vague and fuzzy picture.

happy trading,
mashume

 

[prolab]

This is the pine script from Trading view, however, this one includes FVG and script which is already included in another thread here on the forum https://usethinkscript.com/threads/fair-value-gap-fvg-for-thinkorswim.11103/page-3#post-113720

But what I am asking for is the small "price gap" between the candle bodies called "volume imbalance"

Thank you!

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © Vulnerable_human_x
//@version=5
indicator("ICT - GAPS, BPR, Volume & Price Imbalance", shorttitle = "ICT - Imbalances", overlay=true)

//Volume Imbalance
showbullvi = input.bool(true, "Show Bullish Volume Imbalance", group="Volume Imbalance")
showbearvi = input.bool(true, "Show Bearish Volume Imbalance", group="Volume Imbalance")
bullimbalance = input.color(color.new(#00e640,10), "Bullish VI Color", group="Volume Imbalance", inline="1")
bearimbalance = input.color(color.new(#e30000,10), "Bearish VI Color", group="Volume Imbalance", inline="1")
viMaxBoxSet = input.int(defval=15, title='Maximum Box Displayed', minval=1, maxval=100, group="Volume Imbalance", tooltip='Minimum = 1, Maximum = 100')
extendvibox = input.bool(false, title="Extend Unmitigated VI Boxes", group="Volume Imbalance")
//Gaps
showgaps = input.bool(true, "Show Gaps in Price", group="GAP")
gapcolor = input.color(color.new(#fff176, 85), "GAP Color", group="GAP")
gapsMaxBoxSet = input.int(defval=15, title='Maximum Box Displayed', minval=1, maxval=100, group="GAP", tooltip='Minimum = 1, Maximum = 100')
extendgapbox = input.bool(true, title="Extend Unmitigated GAP Boxes", group="GAP")
//FVG and BPR
plotFVG = input.bool(true, "FVG BOX", inline="18", group="FVG/BPR")
plotBPR = input.bool(true, "BPR BOX", inline="18", group="FVG/BPR")
fvgBullColor = input.color(defval=color.new(color.green, 85), title='Bullish FVG',inline="1", group="FVG/BPR")
fvgBearColor = input.color(defval=color.new(color.red, 85), title='Bearish FVG',inline="1", group="FVG/BPR")
bprBullColor = input.color(defval=color.new(#41ed47, 70), title='Bullish BPR',inline="2", group="FVG/BPR")
bprBearColor = input.color(defval=color.new(#d83d3d, 70), title='Bearish BPR',inline="2", group="FVG/BPR")
var float bprprecision = input.float(0.00005,"BPR Precision",step=0.00001, group="FVG/BPR")
fvgMaxBoxSet = input.int(defval=10, title='Maximum Box Displayed', minval=1, maxval=100, group="FVG/BPR", tooltip='Minimum = 1, Maximum = 100')
extendfvgbox = input.bool(true, title="Extend Unmitigated FVG/BPR Boxes", group="FVG/BPR")
//Box Styling
BoxBorder = input.string(defval=line.style_solid, title='Box Border Style', options=[line.style_dashed, line.style_dotted, line.style_solid], group="Box Style", tooltip='To disable border, set Border Width below to 0')
BorderTransparency = input.int(defval=60, title='Border Box Transparency', minval=0, maxval=100, group="Box Style")
filterMitBOX = input.bool(defval=false, title='Mitigated Box Color', group="Box Style")
mitBOXColor = input.color(defval=color.new(color.gray, 80), title='Mitigated Box Color', group="Box Style", tooltip='Set Transparency to 0 to make mitigated Boxes disappear')
plotBoxLabel = input.bool(defval=true, title='Plot Label', group="Box Style")
BoxLabelColor = input.color(defval=color.rgb(161, 163, 171), title='Label Color', group="Box Style")
BoxLabelSize = input.string(defval=size.tiny, title="Label Size", options=[size.huge, size.large, size.small, size.tiny, size.auto, size.normal], group="Box Style")


var int _fvg = 2
//Box Labels
var string _fvgLabel = "FVG"
var string _plus = "+"
var string _minus = "-"
var string _empty = ""
var string _bprLabel = "BPR"

var box[] _bearBoxesFVG = array.new_box()
var box[] _bullBoxesFVG = array.new_box()
var box[] _gapsboxes = array.new_box()
var box[] _bullishvi = array.new_box()
var box[] _bearishvi = array.new_box()
_controlBox(_boxes, _high, _low, _type) =>
if array.size(_boxes) > 0
for i = array.size(_boxes) - 1 to 0 by 1
_box = array.get(_boxes, i)
_boxLow = box.get_bottom(_box)
_boxHigh = box.get_top(_box)
_boxRight = box.get_right(_box)
if (filterMitBOX and _type == _fvg)
if na or (bar_index == _boxRight and not((_high > _boxLow and _low < _boxLow) or (_high > _boxHigh and _low < _boxHigh)))
box.set_right(_box, bar_index + 1)
else
if _type == _fvg
box.set_bgcolor(_box, mitBOXColor)
box.set_border_color(_box, mitBOXColor)
else
if na or (bar_index == _boxRight and not((_high > _boxLow and _low < _boxLow) or (_high > _boxHigh and _low < _boxHigh)))
box.set_right(_box, bar_index + 1)


//Volume Imbalance
//Bullish Volume Imbalance
if showbullvi and open > close[1] and low <= high[1] and close > close[1] and open > open[1]
box _bullboxVI = na
_bullboxVI := box.new(left=bar_index-1, top=math.min(open,close), right=bar_index+1, bottom=math.max(close[1],open[1]), bgcolor=bullimbalance,border_style=BoxBorder, border_color=color.new(bullimbalance,BorderTransparency), text=plotBoxLabel?"VI+":na, text_halign=text.align_right, text_valign=text.align_bottom, text_size=BoxLabelSize, text_color=BoxLabelColor)
if array.size(_bullishvi) > viMaxBoxSet
box.delete(array.shift(_bullishvi))
array.push(_bullishvi, _bullboxVI)
//Bearish Volume Imbalance
if showbearvi and open < close[1] and open < open[1] and high >= low[1] and close < close[1] and close < open[1]
box _bearboxVI = na
_bearboxVI := box.new(left=bar_index-1, top=math.min(close[1],open[1]), right=bar_index+1, bottom=math.max(open,close), bgcolor=bearimbalance,border_style=BoxBorder, border_color=color.new(bearimbalance,BorderTransparency),text=plotBoxLabel?"VI-":na, text_halign=text.align_right, text_valign=text.align_bottom, text_size=BoxLabelSize, text_color=BoxLabelColor)
if array.size(_bearishvi) > viMaxBoxSet
box.delete(array.shift(_bearishvi))
array.push(_bearishvi, _bearboxVI)

//Gap
if (showgaps and high[1] < low) or (showgaps and low[1] > high)
box _gaps = na
if high[1] < low
_gaps := box.new(left=bar_index-1, top=low, right=bar_index, bottom=high[1], bgcolor=gapcolor, border_color=color.new(gapcolor,BorderTransparency), text=plotBoxLabel?"GAP+":na,border_style=BoxBorder, text_halign=text.align_right, text_valign=text.align_bottom, text_size=BoxLabelSize, text_color=BoxLabelColor)
else if low[1] > high
_gaps := box.new(left=bar_index-1, top=low[1], right=bar_index, bottom=high, bgcolor=gapcolor, border_color=color.new(gapcolor,BorderTransparency), text=plotBoxLabel?"GAP-":na,border_style=BoxBorder, text_halign=text.align_right, text_valign=text.align_bottom, text_size=BoxLabelSize, text_color=BoxLabelColor)
if array.size(_gapsboxes) > gapsMaxBoxSet
box.delete(array.shift(_gapsboxes))
array.push(_gapsboxes, _gaps)


//fvg
isFvgUp(index) =>
(low[index] > high[index + 2] and low[index + 1] <= high[index + 2] and high[index + 1] >= low[index])
isFvgDown(index) =>
(high[index] < low[index + 2] and high[index] >= low[index + 1] and high[index +1] >= low[index +2])

//Balanced Price Range
isbprdown (index) =>
low [index + 3] > high[index] and low[index + 3] < low[index + 2] and low[index + 3] < close[index + 3] and high[index + 2] >= close[index + 2] and high[index + 1] <= ((open [index + 1]) + (open[index + 1] * bprprecision)) and (low[index + 2] >= ((open[index + 2]) - (open[index + 2] * bprprecision)) or (low[index + 2] >= ((close[index + 2]) - (close[index + 2] * bprprecision))))
isbprup (index) =>
high [index + 3] < low[index] and high[index + 3] > high[index + 2] and high[index + 3] > close[index + 3] and low[index + 2] <= close[index + 2] and low[index + 1] >= ((open [index + 1]) - (open[index + 1] * bprprecision)) and (high[index + 2] <= ((open[index + 2]) + (open[index + 2] * bprprecision)) or (high[index + 2] <= ((close[index + 2]) + (close[index + 2] * bprprecision))))


//Bullish FVG Box Plotting
if isbprup(0) and isFvgUp(0)
box _bullboxFVG = na
if plotBPR
_bullboxFVG := box.new(left=bar_index-3, top=low[0], right=bar_index, bottom=high[3], bgcolor=bprBullColor, border_color=color.new(bprBullColor,BorderTransparency), border_style=BoxBorder, border_width=1,
text=plotBoxLabel ? _bprLabel + _plus : _empty, text_halign=text.align_right, text_valign=text.align_bottom, text_size=BoxLabelSize, text_color=BoxLabelColor)
else if plotFVG
_bullboxFVG := box.new(left=bar_index-2, top=low[0], right=bar_index, bottom=high[2], bgcolor=fvgBullColor, border_color=color.new(fvgBullColor,BorderTransparency), border_style=BoxBorder, border_width=1,
text=plotBoxLabel ? _fvgLabel + _plus : _empty, text_halign=text.align_right, text_valign=text.align_bottom, text_size=BoxLabelSize, text_color=BoxLabelColor)
if array.size(_bullBoxesFVG) > fvgMaxBoxSet
box.delete(array.shift(_bullBoxesFVG))
array.push(_bullBoxesFVG, _bullboxFVG)
else if isFvgUp(0)
box _bullboxFVG = na
if plotFVG
_bullboxFVG := box.new(left=bar_index-2, top=low[0], right=bar_index, bottom=high[2], bgcolor=fvgBullColor, border_color=color.new(fvgBullColor,BorderTransparency), border_style=BoxBorder, border_width=1,
text=plotBoxLabel ? _fvgLabel + _plus : _empty, text_halign=text.align_right, text_valign=text.align_bottom, text_size=BoxLabelSize, text_color=BoxLabelColor)
if array.size(_bullBoxesFVG) > fvgMaxBoxSet
box.delete(array.shift(_bullBoxesFVG))
array.push(_bullBoxesFVG, _bullboxFVG)
//Bearish FVG Box Plotting
if isbprdown(0) and isFvgDown(0)
box _bearboxFVG = na
if plotBPR
_bearboxFVG := box.new(left=bar_index-3, top=low[3], right=bar_index, bottom=high[0], bgcolor=bprBearColor, border_color=color.new(bprBearColor,BorderTransparency), border_style=BoxBorder, border_width=1,
text=plotBoxLabel ? _bprLabel + _minus : _empty, text_halign=text.align_right, text_valign=text.align_bottom, text_size=BoxLabelSize, text_color=BoxLabelColor)
else if plotFVG
_bearboxFVG := box.new(left=bar_index-2, top=low[2], right=bar_index, bottom=high[0], bgcolor=fvgBearColor, border_color=color.new(fvgBearColor,BorderTransparency), border_style=BoxBorder, border_width=1,
text=plotBoxLabel ? _fvgLabel + _minus : _empty, text_halign=text.align_right, text_valign=text.align_bottom, text_size=BoxLabelSize, text_color=BoxLabelColor)
if array.size(_bearBoxesFVG) > fvgMaxBoxSet
box.delete(array.shift(_bearBoxesFVG))
array.push(_bearBoxesFVG, _bearboxFVG)
else if isFvgDown(0)
box _bearboxFVG = na
if plotFVG
_bearboxFVG := box.new(left=bar_index-2, top=low[2], right=bar_index, bottom=high[0], bgcolor=fvgBearColor, border_color=color.new(fvgBearColor,BorderTransparency), border_style=BoxBorder, border_width=1,
text=plotBoxLabel ? _fvgLabel + _minus : _empty, text_halign=text.align_right, text_valign=text.align_bottom, text_size=BoxLabelSize, text_color=BoxLabelColor)
if array.size(_bearBoxesFVG) > fvgMaxBoxSet
box.delete(array.shift(_bearBoxesFVG))
array.push(_bearBoxesFVG, _bearboxFVG)

if extendfvgbox
_controlBox(_bearBoxesFVG, high, low, _fvg)
_controlBox(_bullBoxesFVG, high, low, _fvg)
if extendgapbox
_controlBox(_gapsboxes, high, low, _fvg)
if extendvibox
_controlBox(_bullishvi, high, low, _fvg)
_controlBox(_bearishvi, high, low, _fvg)
//end of script

 

[mashume]

Oooof that's a lotta code

%-|

-mashume

 

[prolab]

yes, I guess the code for FVG and BPR exists in other thread but what doesn't is the Volume imbalance

//Volume Imbalance

//Bullish Volume Imbalance
if showbullvi and open > close[1] and low <= high[1] and close > close[1] and open > open[1]
box _bullboxVI = na
_bullboxVI := box.new(left=bar_index-1, top=math.min(open,close), right=bar_index+1, bottom=math.max(close[1],open[1]), bgcolor=bullimbalance,border_style=BoxBorder, border_color=color.new(bullimbalance,BorderTransparency), text=plotBoxLabel?"VI+":na, text_halign=text.align_right, text_valign=text.align_bottom, text_size=BoxLabelSize, text_color=BoxLabelColor)
if array.size(_bullishvi) > viMaxBoxSet
box.delete(array.shift(_bullishvi))
array.push(_bullishvi, _bullboxVI)

//Bearish Volume Imbalance
if showbearvi and open < close[1] and open < open[1] and high >= low[1] and close < close[1] and close < open[1]
box _bearboxVI = na
_bearboxVI := box.new(left=bar_index-1, top=math.min(close[1],open[1]), right=bar_index+1, bottom=math.max(open,close), bgcolor=bearimbalance,border_style=BoxBorder, border_color=color.new(bearimbalance,BorderTransparency),text=plotBoxLabel?"VI-":na, text_halign=text.align_right, text_valign=text.align_bottom, text_size=BoxLabelSize, text_color=BoxLabelColor)
if array.size(_bearishvi) > viMaxBoxSet
box.delete(array.shift(_bearishvi))
array.push(_bearishvi, _bearboxVI)

 

[zeek]

anyone has a script for "Volume Imbalance"? this seems to be an easy one to write? just closing prices w/o wick but what do I know about writing.

This seems to be a really powerful toll

code...

Have you seen this post before? Someone linked to some images of what looks like to me is a volume imbalance indicator but unfortunately there’s no more info as to where it originates from.

https://usethinkscript.com/threads/...hart-setup-for-thinkorswim.11618/#post-111152

I wish someone could write such an indicator even if it’s not reflecting the real buy/sell volume because TOS doesn’t have access to this data but looking at the example i linked to, it’s still possible to make a good presentation of where imbalances are present. Let’s hope someone can come up with a smart idea of how to build one.

 

[prolab]

can someone make this script for TOS based on the example above of Volume Imbalance alone? Thank you!

 

[bkbrown]

can someone make this script for TOS based on the example above of Volume Imbalance alone? Thank you!

I also would really like someone to make this script for TOS. EXTREMELY powerful trading concept for sure.

 

[mashume]

Well,

I'm quite sure this will repaint. It uses next bar calculations, and I'm not sure how to rework it so it wouldn't. The original does some trickery setting past values of an indexed array (which we can't do in ToS) and I have to resort to future values to achieve the same result.

It's not pretty code. I didn't put a lot of effort in.
https://usethinkscript.com/threads/volume-imbalance-a-repainting-indicator-for-thinkorswim.13818/