Imbalance Indicators

Imbalance indicators are two bars above the chart that display the following data in real time:

  • Order Book Imbalance:  The ratio of the difference between the numbers of buy and sell orders to their sum.
  • Volume Imbalance: The ratio of the difference between buy and sell volumes to their sum.

Both indicators are calculated based on the current chart range. Changing the chart range either by dragging or by zooming in or out may affect the readings of the imbalance indicators.

To configure Imbalance indicators:

1. Right-click on the Heatmap and choose Heatmap settings.

2. To hide either indicator, de-activate the checkbox to the left of the corresponding tab.

3. You can configure the following settings for Orderbook Imbalance by clicking on the Orderbook Imbalance tab:

  • Price range of levels to calculate. Specify either the number of levels above and below the best bid/ask price to be included in the calculation or the percentage of these prices to define the range of the calculation. Alternatively, you can select All available price levels to include all levels available on the COB column.
  • Lower weight for farther levels. Activate this setting to enable the gradual decay of weights assigned to price level ranges based on their offset from the best bid and ask. The range closest to the bid or ask receives the weight of 1. Each next level range receives a weight equal to half of the previous range’s weight. By default, each range includes ten levels, however, you can enter your own range in the combo-box to the right.