Equilibrium identifier + distinguish between retail and block buys easily

• 08/26/2020 at 12:07 PM #142326
  murit89

  st1=(high-close) st2=(low-close) if st1 / -st2 > (1) then DRAWLINE (barindex, close, barindex[2], close[2]) coloured (255,0,0, 25) endif if -st2 / st1 > (1) then DRAWLINE (barindex, close, barindex[2], close[2]) coloured (0,255,0, 25) endif if st1 / -st2 > (5) then DRAWLINE (barindex, close, barindex[2], close[2]) coloured (255,0,0, 50) endif if -st2 / st1 > (5) then DRAWLINE (barindex, close, barindex[2], close[2]) coloured (0,255,0, 50) endif if st1 / -st2 > (10) then DRAWLINE (barindex, close, barindex[2], close[2]) coloured (255,0,0, 100) endif if -st2 / st1 > (10) then DRAWLINE (barindex, close, barindex[2], close[2]) coloured (0,255,0, 100) endif if st1 / -st2 > (20) then DRAWLINE (barindex, close, barindex[2], close[2]) coloured (255,0,0, 200) endif if -st2 / st1 > (20) then DRAWLINE (barindex, close, barindex[2], close[2]) coloured (0,255,0, 200) endif if st1 / -st2 > (1) then DRAWELLIPSE(barindex, close, barindex[2], close[2]) coloured (255,0,0, 25) endif if -st2 / st1 > (1) then DRAWELLIPSE(barindex, close, barindex[2], close[2]) coloured (0,255,0, 25) endif if st1 / -st2 > (5) then DRAWELLIPSE(barindex, close, barindex[2], close[2]) coloured (255,0,0, 50) endif if -st2 / st1 > (5) then DRAWELLIPSE(barindex, close, barindex[2], close[2]) coloured (0,255,0, 50) endif if st1 / -st2 > (10) then drawrectangle(barindex, close, barindex[2], close[2]) coloured (255,0,0, 100) endif if -st2 / st1 > (10) then drawrectangle(barindex, close, barindex[2], close[2]) coloured (0,255,0, 100) endif if st1 / -st2 > (20) then drawrectangle(barindex, close, barindex[2], close[2]) coloured (255,0,0, 200) endif if -st2 / st1 > (20) then drawrectangle(barindex, close, barindex[2], close[2]) coloured (0,255,0, 200) endif return

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  st1=(high-close) st2=(low-close)   if st1 / -st2 > (1) then DRAWLINE (barindex, close, barindex[2], close[2]) coloured (255,0,0, 25) endif if -st2 / st1 > (1) then DRAWLINE (barindex, close, barindex[2], close[2]) coloured (0,255,0, 25) endif   if st1 / -st2 > (5) then DRAWLINE (barindex, close, barindex[2], close[2]) coloured (255,0,0, 50) endif if -st2 / st1 > (5) then DRAWLINE (barindex, close, barindex[2], close[2]) coloured (0,255,0, 50) endif   if st1 / -st2 > (10) then DRAWLINE (barindex, close, barindex[2], close[2]) coloured (255,0,0, 100) endif if -st2 / st1 > (10) then DRAWLINE (barindex, close, barindex[2], close[2]) coloured (0,255,0, 100) endif   if st1 / -st2 > (20) then DRAWLINE (barindex, close, barindex[2], close[2]) coloured (255,0,0, 200) endif if -st2 / st1 > (20) then DRAWLINE (barindex, close, barindex[2], close[2]) coloured (0,255,0, 200) endif if st1 / -st2 > (1) then DRAWELLIPSE(barindex, close, barindex[2], close[2]) coloured (255,0,0, 25) endif if -st2 / st1 > (1) then DRAWELLIPSE(barindex, close, barindex[2], close[2]) coloured (0,255,0, 25) endif   if st1 / -st2 > (5) then DRAWELLIPSE(barindex, close, barindex[2], close[2]) coloured (255,0,0, 50) endif if -st2 / st1 > (5) then DRAWELLIPSE(barindex, close, barindex[2], close[2]) coloured (0,255,0, 50) endif   if st1 / -st2 > (10) then drawrectangle(barindex, close, barindex[2], close[2]) coloured (255,0,0, 100) endif if -st2 / st1 > (10) then drawrectangle(barindex, close, barindex[2], close[2]) coloured (0,255,0, 100) endif   if st1 / -st2 > (20) then drawrectangle(barindex, close, barindex[2], close[2]) coloured (255,0,0, 200) endif if -st2 / st1 > (20) then drawrectangle(barindex, close, barindex[2], close[2]) coloured (0,255,0, 200) endif   return

   

  

  murit89

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  08/26/2020 at 12:12 PM #142590
  Nicolas

  Thanks for the submission of this indicator. However you did not describe how it works and how we should benefit from its information? How do we should react when the price is touching one of these lines? 🙂

  

  Nicolas

  Keymaster

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  08/26/2020 at 1:31 PM #142604
  murit89

  Behind every price movement there is a aggressive buyer/seller which causes a delta imbalance between either ask or bid. Every time time this happens, the code draws a support or resistance line, with more transparent lines, only showing a delta imbalance of > 1 and lines with higher alpha showing delta imbalances of >10. If you load up the code you will find every single support/resistance line is drawn on any time frame or instrument, with price always bouncing of one of the lines. I found only delta imbalances of > 10 are statistically significant so if you set price to points so candles are hidden, it will draw a rectangle for big buys/sells and ellipses for low delta periods when price is usually controlled by retail.

  Btw this is the new code which is much more clearer to use, i recommend loading up the code and having a look at different instruments/time frames too see how different patterns are formed, it is truly an amazing phenomenon. You will

  st1=(high-close) st2=(low-close) if st1 / -st2 > (1) then DRAWLINE (barindex, close, barindex[1], close[1]) coloured (255,0,0, 25) endif if -st2 / st1 > (1) then DRAWLINE (barindex, close, barindex[1], close[1]) coloured (0,255,0, 25) endif if st1 / -st2 > (10) then DRAWLINE (barindex, close, barindex[1], close[1]) coloured (255,0,0,50) endif if -st2 / st1 > (10) then DRAWLINE (barindex, close, barindex[1], close[1]) coloured (0,255,0, 50) endif if st1 / -st2 > (1) then DRAWELLIPSE(barindex, close, barindex[1], close[1]) coloured (255,0,0, 100) endif if -st2 / st1 > (1) then DRAWELLIPSE(barindex, close, barindex[1], close[1]) coloured (0,255,0, 100) endif if st1 / -st2 > (10) then drawrectangle(barindex, close, barindex[1], close[1]) coloured (255,0,0, 200) endif if -st2 / st1 > (10) then drawrectangle(barindex, close, barindex[1], close[1]) coloured (0,255,0, 200) endif return

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  st1=(high-close) st2=(low-close)   if st1 / -st2 > (1) then DRAWLINE (barindex, close, barindex[1], close[1]) coloured (255,0,0, 25) endif if -st2 / st1 > (1) then DRAWLINE (barindex, close, barindex[1], close[1]) coloured (0,255,0, 25) endif   if st1 / -st2 > (10) then DRAWLINE (barindex, close, barindex[1], close[1]) coloured (255,0,0,50) endif if -st2 / st1 > (10) then DRAWLINE (barindex, close, barindex[1], close[1]) coloured (0,255,0, 50) endif   if st1 / -st2 > (1) then DRAWELLIPSE(barindex, close, barindex[1], close[1]) coloured (255,0,0, 100) endif if -st2 / st1 > (1) then DRAWELLIPSE(barindex, close, barindex[1], close[1]) coloured (0,255,0, 100) endif     if st1 / -st2 > (10) then drawrectangle(barindex, close, barindex[1], close[1]) coloured (255,0,0, 200) endif if -st2 / st1 > (10) then drawrectangle(barindex, close, barindex[1], close[1]) coloured (0,255,0, 200) endif     return

   

  find anything from megaphones, too channels, too straight support/resistance lines.

  1 user thanked author for this post.

  Nicolas

  

  murit89

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