Diagonal Continuous Imbalance indicator

binhsir · Sep 18 2024

Is there diagonal continuous imbalance indicator and function in MC? As you can see in attachment, we can use this indicator and signal in SC. For example: condition "Ask volume(price + 1 tick) / Bid volume(price) >= 3" is true at 3 continuous price level, or condition "Ask volume(price + 1 tick) / Bid volume(price) <= 1/3" is true at 3 continuous price level.
I'm not good at C ++ and ACSIL in SC. So i hope to develop some strategies based on this indicator in MC. Is there anyone who can help me?

faraz · Sep 18 2024

Hope this help
https://www.multicharts.com/trading-sof ... ance_Delta
https://www.multicharts.com/features/volume-analysis/

binhsir · Sep 30 2024

Thanks, faraz.
In addition to displaying the indicators on the chart, Can we have a function that we can use in the signal and strategy?
Or someone can show me how to write this function or signal which equivalent to n consecutive diagonal buy/sell imbalance?

faraz · Sep 30 2024

Code: Select all

//Example
vars: BuyImbalance(0), SellImbalance(0);
if UpTicks-DownTicks>0 then BuyImbalance=1;
if UpTicks-DownTicks<0 then SellImbalance=-1;

binhsir · Oct 01 2024

Upticks is mean buy volume in whole current bar, but how to further show the buy volume at each price level in current bar?

faraz · Oct 01 2024

Format Instrument > Build volume On: Tick count
Add indicators;
Volume Dn
Volume Up

On Live market, notice Volume Dn Or Volume Up increase indicating market direction. Use this imbalance reading.

binhsir · Oct 01 2024

I do not deny the role of this indicator in indicating the direction of the market. But they are also based on the whole bar.
The value I really want to get is buy /sell volume at the specific price level . It seems that getting these values is not easy in MC as opposed to SC

faraz · Oct 02 2024

want to get is buy /sell volume at the specific price level

Code: Select all

inputs:SpecificPrice(1500);
var:oUpTicks(0),oDownTicks(0);
if BarStatus(1)=2 then begin oUpTicks=0;oDownTicks=0;end;
if Close=SpecificPrice then begin oUpTicks=oUpTicks+UpTicks;oDownTicks=oDownTicks+DownTicks;end;
Plot1(oUpTicks);
Plot2(oDownTicks);