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Date/Time: Thu, 23 Jan 2025 09:42:37 +0000



Post From: imbalances are not calculated correctly

[2018-11-13 09:19:22]
User684068 - Posts: 3
I am trying to set up a reversal chart on sierra chart with imbalances at 4 times the bid/ask - the calculations don't appear to be correct.

The numbers bars are working fine and I've set the reversal chart on the S&P 500 emini at 5/0. I've set the compare threshold at 4/4/4 so it should all be ok but there are far too many highlighted imbalances and more than often they are less than four times the previous? The text colouring method I have set as based on diagonal dominant side askvol bidvol percentage.

http://www.sierrachart.com/image.php?Image=1542100371880.png

Please can you advise why the imbalances are often not four times the previous bid/ask and how I rectify this.

Many thanks