This indicator identifies short-term trading opportunities based on imbalance situations followed by consolidation.
Functionality: The indicator looks for a specific candle formation: 1. An imbalance candle where the low is above the high of the following candle (bearish) or the high is below the low of the following candle (bullish) 2. Followed by 1-2 inside candles (close within the range of the previous candle) in the same direction
Theory: The formation is based on two important market mechanisms:
1. Imbalance and Momentum: - The imbalance shows a strong move with one-sided orderflow dominance - Inside candles in the same direction confirm that the opposing side cannot take control
2. Consolidation Behavior: - Inside candles are a classic consolidation pattern - They show that the market is "digesting" the previous strong movement - Consolidation within the range indicates controlled accumulation/distribution - Particularly relevant when large market participants are building or expanding positions - Consolidation at higher/lower levels confirms the dominance of the trend direction
Settings: - Choice between one or two inside candles for different consolidation phases - Option whether both inside candles must have the same direction - Customizable colors for bullish and bearish signals
Application: The indicator is particularly suitable for: - Trend confirmation after strong movements - Entry into pullbacks during trends - Identification of continuation setups after consolidations - Detection of accumulation/distribution phases of large market participants
Notes: - Best used in combination with higher timeframe trend - Particularly meaningful at important price zones - Consolidation phases can indicate institutional interest - The length of consolidation (one vs. two inside candles) can indicate different accumulation phases
قام مؤلف هذا النص البرمجي بنشره وجعله مفتوح المصدر، بحيث يمكن للمتداولين فهمه والتحقق منه، وهو الأمر الذي يدخل ضمن قيم TradingView. تحياتنا للمؤلف! يمكنك استخدامه مجانًا، ولكن إعادة استخدام هذا الرمز في المنشور يخضع لقواعدقوانين الموقع. يمكنك جعله مفضلاً لاستخدامه على الرسم البياني.
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