ImbalanceZones (@ES#)
Imbalance Zones. This chart was uploaded by Investor/RT 13.3.5 showing symbol: @ES#. This chart is explained in the webinar Introducting Investor/RT version 13.5
Imbalance Zones. This chart was uploaded by Investor/RT 13.3.5 showing symbol: @ES#. This chart is explained in the webinar Introducting Investor/RT version 13.5
This video demonstrates how to setup the Multiple Price Highlighter (MPH) Indicator to deliver Buying and Selling Imbalance Zones and extend them as Support and Resistance. These Zones implement a minimum Imbalance Percent, minimum Imbalance Difference, as well as a Weak Side Minimu m. Instructions are given on how to move these Imbalance Zones to another chart.
This video highlights the ability to automate the application of the Profile Indicator to the Zones RTX Extension. This facilitates the ability to profile consolidation zones and opens up all the functionality of the Profile Indicator to the Zones indicator including VAH/VAL/POC Lines, Naked VAH/VAL/POCs, Info Box, Textual Volume at Price, and much more in addition to the ability to display volume or time profiles of zones in a variety of formats and colors.
This video highlights the RTX Zones Indicator. The Zones Indicator is designed to automate the identification of zones between a range of prices over a series of bars/time. The primary motivation for the creation of this indicator is to identfy consolidation zones where price remained in a given range over a minimum period bars or time. An Extend Naked option extends the zones until the zone is filled by future price movement.
The Zones Indicator is designed to automate the identification of zones between a range of prices over a series of bars/time. The primary motivation for the creation of this indicator is to identfy consolidation zones where price remains in a given range over a minimum period bars or time. An Extend Naked option extends the zones until the zone is filled by future price movement. As an example, Zones can identify when price remained in a 10 tick range over a series of 20 bars or more, and once breaking that range, it can extend the naked band until price moves back across the zone.