Imbalance

[Trader17]

Is there a way to check for imbalances in a bar in a strategy using NT 8 code? Like return a true/false value or numeric value for imbalances present in a bar?
Thank you.

[NinjaTrader_JoshG]

Hello Trader17,
Thanks for your post.

What do you mean by "imbalances" specifically?

What would be the criteria for an imbalance being present?

[Trader17]

I am attaching a picture. The imbalance you specify in the Data Series.
Thank you.

[Trader17]

It is under the Volumetric Bars Settings.
Thanks.

[NinjaTrader_JoshG]

Thanks for letting me know. Imbalance on volumetric bars is not available through NinjaScript

[Trader17]

Can you put in a suggestion for it then? So it can be used in a Strategy someday too?
Thank you.

[music_p13]

Please add my vote to it in case it makes as a feature request

[NinjaTrader_JoshG]

Thank you for the suggestion.

I have submitted this as a feature request to the Development Team. I have also had music_p13's vote added as well.

The internal tracking number for this feature request is SFT-3586 . Please reference this internal tracking number if you ever have questions regarding this feature request.

When a feature request is implemented, you'll find it in the release notes: http://ninjatrader.com/support/helpG...ease_notes.htm

[Rogue_Two]

Please add my vote to this as well! This would be an incredibly useful feature as I am on a quest to write an automated strategy pertaining to imbalances.

[Trader17]

I have the code if you need to use it in Ninja Script Rogue_Two.

[DayTrader12]

Hello Trader17,
Have you posted the imbalance code somewhere?
Thanks,
DT_12

[Trader17]

It took time but I managed to do it myself. Am still learning Ninja Script.

[bc24fl]

Depending on the details, you could manage to get it working using order flow volumetric as described using the link below. To get the imbalance of a bar would be a little easier than at a certain price but is possible. For it to work however you'll have to add the volumetric series to your strategy.

https://ninjatrader.com/support/helpGuides/nt8/?order_flow_volumetric_bars2.htm

[Rogue_Two]

Trader17, I would love to see the code! I am very interested in using imbalances on a volumetric chart to trigger entries and exits even.

[Trader17]

Sure thing. DM me your email. How do you use it in trading?