Imbalances

Imbalances draws the spans of price the market crossed without trading in them. Each one is a box that extends to the right and is watched as a level price may be drawn back to. When price trades back through it far enough, the zone is spent and removed.

It carries six imbalance types in one script, each with its own toggle. Fair Value Gaps are on by default. Inverse FVGs, Balanced Price Ranges, Volume Imbalances, Liquidity Voids and Opening Gaps are off until you turn them on. Zones left by an up move are coloured as bullish and watched as support; zones left by a down move are bearish and watched as resistance.

Imbalances combines 6 tools in one script. Each one has its own switch in the settings.

• Fair Value Gaps. Three bars where the outer two never overlap, the untraded span a strong bar leaves, held until price trades back through it. On by default.
• Inverse FVGs. A fair value gap price traded through, kept as a level with its polarity reversed. A filled bullish gap becomes resistance and a filled bearish one support.
• Balanced Price Ranges. The overlap where a bullish and a bearish fair value gap cover the same prices.
• Volume Imbalances. Two adjacent candle bodies that gap while their wicks still overlap. Only appears on markets that gap.
• Liquidity Voids. The close to close span of a displacement leg, ground price crossed without any candle settling inside it.
• Opening Gaps. The span between one session's last close and the next session's open, as a New Day or New Week Opening Gap. Empty on markets that never close.

• Price returning to a gap. A fair value gap below price is where traders look for a pullback to find buyers, and one above price for sellers. Many enter at the gap's midpoint, ICT's consequent encroachment.
• A filled gap flips. Once price trades through a gap, the inverse FVG reads it with its polarity reversed. A filled bullish gap becomes resistance.
• Overlapping gaps. A balanced price range is where an up gap and a down gap cover the same prices, ground crossed too fast in both directions. Traders treat the overlap as a strong reaction zone.
• Choosing the mitigation rule. Mitigation Basis and Level decide when a zone is spent, on a touch, at 50% or only when fully traded through. Traders disagree here, so the choice is yours.

Components

Data

Zones

Inverse FVGs

Balanced Price Ranges

Volume Imbalances

Liquidity Voids

Opening Gaps

Display

Colours

Alerts: fvg_new, fvg_filled, ifvg_new, ifvg_invalidated, bpr_new, bpr_mitigated, vi_new, vi_mitigated, void_new, void_filled, og_new, og_mitigated.

A fair value gap is only known on its third bar, because that bar proves the first and third do not overlap. So gaps, inverse gaps and balanced ranges appear one bar after the move that made them. A volume imbalance confirms on the bar that made it, and a liquidity void one bar after its leg ends. Gaps smaller than a set share of the average true range are ignored.

A zone is drawn once and extended to the right. It is spent when price reaches into it by the chosen basis and level, Body and Full by default, and is then removed unless Show Mitigated keeps it muted on the chart. Inverse FVGs have their own two rules, one for when the original gap counts as filled and one for when the flipped level is reclaimed.

Each type has two alerts, one when a new zone forms and one when it is filled, mitigated or, for inverse gaps, invalidated. A type that is switched off fires no alerts. Each type also has its own Max setting for how many zones stay on the chart.

• One bar of confirmation. A fair value gap appears on the bar after the move. That is part of the definition, not a delay that can be removed.
• Gaps can be noise. Almost every bar leaves a sliver. Min Gap filters by size, but a gap that is large enough is not automatically meaningful.
• Some types are empty on crypto. Volume imbalances need bodies that gap, and opening gaps need a session that closes. Continuous crypto markets rarely or never produce them.
• Mitigation is a choice. The same chart shows different live zones under Touch, 50% and Full. No setting is correct for every trader.
• Higher timeframes need a matching chart. When reading gaps from a higher timeframe, the chart's own period must divide it exactly. Price trading back into a zone is still judged on the chart's own bars.

Premium scripts are a one-time purchase in the Altrady marketplace and need a paid Altrady plan to run.

• Order Blocks. The last opposing candle before a displacement leg that broke structure, plus the breaker, mitigation, propulsion and unicorn blocks it can become.
• Liquidity. Equal highs and lows where stops pile up, the sweeps that run them and close back inside, and swing failure patterns at single swings.
• Displacement. Boxes over the runs of bars that travelled one way far enough to matter, measured in multiples of the average true range.
• Market Structure. Swings labelled HH, HL, LH and LL with every break of structure marked as BOS or CHoCH, plus optional internal structure and market structure shifts.