MPH (Multi Price Imbalances)

Identify trading imbalance prices using FootPrint data with Range Bars, when a bar matches the settings it will plot the price, bar high/low on the heatmap and also the direction of the imbalance

This addon is available on the toolkit but it is currently under development and accepting users feedback

Settings

Bar Size: Set the range bar size

Imb Percentage: Set the % to be considered an imbalance between the bid vs ask (using footprint data)

Imb Levels: Set the amount of levels that must have an imbalance on the bar in order to trigger an alert

Enable Sound: Allow audio alerts

Volume Filters: Enable if you want to set volume filters for the Agressive/Passive sides on the Imbalance

Aggressive: Set the minimun volume on the MPH Imbalance aggressive side

Passive: Set the minimun volume on the MPH Imbalance passive side

Buy Color: Set the alert buy color

Sell Color: Set the alert buy color

Sample settings for ES which should give a good starting point

Bar size: 9
Imbalance %: 200
Imbalance Levels: 2\

Dependinng on your market liquidity you have to adjust the parameters

Indicator on Heatmap

Last modified June 9, 2021