Luma Signals – Orderflow Imbalance

Luma Signals – Orderflow Imbalance
The Luma Signals – Orderflow Imbalance indicator identifies significant market imbalances by analyzing price action and estimated order flow dynamics. It highlights key areas where aggressive buying or selling occurs, helping traders detect potential trend continuations or reversals.

Key Features:
-Identifies Bullish & Bearish Imbalances – Blue candles indicate strong buyer dominance, while red candles highlight aggressive selling pressure.
-Order Flow Approximation – Uses price positioning within the candle to estimate buy and sell volume distribution.
-Volume & Volatility Filtering – Only highlights imbalances when both price movement and volume exceed their historical averages, reducing false signals.
-Customizable Alerts – Users can enable or disable notifications for new imbalances directly from the indicator settings.

How to Use:
-Trend Confirmation – If an imbalance aligns with an existing trend, it may indicate further continuation.
-Liquidity Gaps – Price often retests imbalance zones before continuing its movement.
-Scalping & Intraday Trading – Helps identify key reaction points for short-term trades.