OPEN-SOURCE SCRIPT
Vortex Imbalance Detector
Vortex Imbalance Detector (VID)
Core Purpose:
To spot "fresh" institutional order flow entering the market, aiming to catch the early stage of a potential reversal driven by an imbalance between aggressive buyers and sellers.
It looks for moments when a surge in buying or selling pressure coincides with a sharp acceleration in price momentum at a market extreme.
The Vortex Imbalance Detector identifies high-probability reversal points by detecting simultaneous shifts in order flow (buy/sell pressure) and price momentum acceleration.
What It Does:
Order Flow Proxy: Creates a cumulative delta-like metric using price action (body vs. range) to estimate net buying or selling pressure.
Momentum Vortex: Calculates price acceleration (the rate of change of velocity) to gauge the force behind a move.
Imbalance Signal: Triggers when both conditions align:
Flow Flip: The order flow proxy crosses above/below zero with significant strength (exceeding a threshold).
Vortex Reversal: The momentum acceleration confirms the direction (positive for buys, negative for sells).
Price Extreme: The signal occurs at a recent low (for buys) or high (for sells).
Output:
Buy Signal (▲): A bullish order flow imbalance with upward momentum acceleration at a short-term low.
Sell Signal (▼): A bearish order flow imbalance with downward momentum acceleration at a short-term high.
Core Purpose:
To spot "fresh" institutional order flow entering the market, aiming to catch the early stage of a potential reversal driven by an imbalance between aggressive buyers and sellers.
It looks for moments when a surge in buying or selling pressure coincides with a sharp acceleration in price momentum at a market extreme.
The Vortex Imbalance Detector identifies high-probability reversal points by detecting simultaneous shifts in order flow (buy/sell pressure) and price momentum acceleration.
What It Does:
Order Flow Proxy: Creates a cumulative delta-like metric using price action (body vs. range) to estimate net buying or selling pressure.
Momentum Vortex: Calculates price acceleration (the rate of change of velocity) to gauge the force behind a move.
Imbalance Signal: Triggers when both conditions align:
Flow Flip: The order flow proxy crosses above/below zero with significant strength (exceeding a threshold).
Vortex Reversal: The momentum acceleration confirms the direction (positive for buys, negative for sells).
Price Extreme: The signal occurs at a recent low (for buys) or high (for sells).
Output:
Buy Signal (▲): A bullish order flow imbalance with upward momentum acceleration at a short-term low.
Sell Signal (▼): A bearish order flow imbalance with downward momentum acceleration at a short-term high.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.