OPEN-SOURCE SCRIPT
Ichimoku Imbalance
You may have heard the word balance or imbalance
This indicator is designed based on Ichimoku periods to display imbalances in each period
When you see a black mark, it means that one of the Ichimoku periods is saturated or unbalanced
This indicator is a useful and powerful tool for Ichimoku traders to understand overbought and oversold points in different time periods.
Note: This is an auxiliary tool and does not issue buy and sell signals
This indicator is designed based on Ichimoku periods to display imbalances in each period
When you see a black mark, it means that one of the Ichimoku periods is saturated or unbalanced
- If the current candle was equal to the lowest price on 9/26/52 of the last period and the highest price was equal to the last candle from left on 9/26/52 of the last period
- If the current candle was equal to the highest price on 9/26/52 of the last period and the lowest price was equal to the last candle from right on 9/26/52 of the last period
This indicator is a useful and powerful tool for Ichimoku traders to understand overbought and oversold points in different time periods.
Note: This is an auxiliary tool and does not issue buy and sell signals
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