The indicator Session Imbalance allows you to highlight the high, Imbalance High (IBH)and the low, Imbalance Low (IBL)of the first hour of trading. In addition to these it will be possible to plot the Mid Point (IBM) and the extensions of 50% (IB50%) and 100% (IB100%) both high and low.

Watch these levels è particularly important since most trading volumes enter in the first hour of trading in the reference cash market, thus for U.S. equity futures, from 3:30 to 4:30 p.m. These levels can over the course of the session prove to be important Levels.

INDEX

• Settings-of-Use 
• General
  • Number-Minutes
  • Session-Start--Market-Hour
• Display settings
  • Maximum color
  • Median color
  • Minimum color
  • Line Thickness
  • Line-Style
  • Text-Size
  • Text-Alignment
  • Display-when-terminated
• 50% / 100% Level

Settings-of-Use 

To apply the indicatore session Imbalance to the chart, click on the Indicators icon and select the session imbalance from  list.  

General

Number-minutes

Defines the number of minutes to be considered in the calculation of the indicator, generally it is set to 60 to consider the first hour, but some users may want to consider a different time interval, such as the first 15 minutes and so on, or even set multiple Session Imbalance indicators.

Custom Timeframe

If enabled it allows you to customize the session'start time.

Start-session---market-time

Defines the start time of the session, in particular the time of the reference market should be indicated and not the corresponding one in Italian time zone. Thus, for U.S. futures 9:30 a.m. should be indicated, while for European futures 9:00 a.m. and so on.

Settings-Display

Color-maximum

Defines the color for IBH.

Median color

Defines the color for IBM.

Minimum color

Defines the color for IBL.

Line-thickness

Defines line thickness

Line-style

Defines line style

Text-size

Defines the font size of the text

Text-alignment

Defines the alignment of the text, being able to choose between right, center and left.

Display when terminated

When enabled allows you to view session imbalance levels only when closed.

50% / 100% Level

Enables and defines the color of the 50% and 100% Session Imbalance extension lines.