Imbalance Profile Lidar: Analyze volume across a few candles

Discussion in 'ETFs' started by ninZa.co, Sep 30, 2024.

  1. ninZa.co

    ninZa.co Sponsor

    Understanding the Value Area in volume analysis is essential for spotting whether bulls or bears are in control at any given moment.

    That’s why I wanted to introduce you to a new tool, the Imbalance Profile Lidar. If you're curious, you can check it out here: https://ninza.co/product/imbalance-profile-lidar

    This indicator helps identify those key value areas without needing extensive manual analysis. Rather than scanning a broad price range, it focuses on the volume traded at each tick within a smaller range over just a few candles.

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    Here’s how it works in a nutshell:

    1. Detects a set number of consecutive bullish or bearish candles, signaling strong buying or selling activity.

    2. Pinpoints Imbalance zones within those candles.

    3. Finds the closest swing point relative to the Imbalance zone.

    4. Maps the value area between the swing point and the Imbalance level.

    5. Automatically evaluates the Point of Control (POC) within the defined value area.

    6. Triggers signals in the POC zones, highlighting potential price reversals.

    Imbalance Profile Lidar provides a different take on volume analysis, designed for traders who focus on smaller clusters of candles instead of examining volume over an entire day or longer.

    If this indicator aligns with your trading style, it's definitely worth exploring further. It's currently available for $346 during the launch week.