NinjaTrader Stacked Imbalance Indicators
Per AI, several NinjaTrader indicators could match what you're describing (are you using any of these?):
- Impact Order Flow Indicator/Entry Orders (Affordable Indicators) - includes stacked imbalance detection with semi-automated trade entries based on stacked imbalances (Affordable Indicators)
- Volume Imbalances Indicator (automated-trading.ch) - shows zones of multiple consecutive imbalances that occur on bid or ask side, with options to extend stacked imbalance zones until retested by price (Automated Trading)
- Orderflow Buy/Sell Momentum (TradeDevils) - detects stacked delta imbalances and marks them with colored lines for a specified number of bars (Tradedevils Indicators)
- NinjaTrader FootPrint OrderFlow Indicator (Nordman Algorithms) - detects both horizontal and diagonal imbalances including stacked configurations, with settings for minimum absolute delta value, imbalance ratio, and stacked imbalance alert thresholds (Nordman Algorithms)
- TradeDevils Footprint Indicator - plots borders around bars containing 3 or more imbalances on the ask and/or bid side (Tradedevils Indicators)
MotiveWave Volume Imprint
MotiveWave's Volume Imprint study does have imbalance detection capabilities, including settings for buy/sell imbalances, absorption, delta filters, and support/resistance lines for imbalances
MotiveWaveMotiveWave. However, based on forum discussions, MotiveWave doesn't appear to have a specific standalone stacked imbalance indicator for regular candlestick charts - users need to visually identify stacked imbalances within the Volume Imprint footprint chart
Motivewave.
Recommendation
You would likely need to
create a custom study using the MotiveWave SDK in Java to replicate the specific NinjaTrader stacked imbalance functionality with the exact parameters you mentioned (minimum delta, imbalance threshold, number of stacked imbalances, gap between imbalances in ticks). MotiveWave's existing Volume Imprint shows individual imbalances but doesn't automatically detect/highlight stacked sequences the way dedicated NinjaTrader indicators do.
</AI>
I'm working on adding this (and a lot of other OF functionality) but it's slow going - dealing with the sheer volume of NQ or ES data requires that volume data be generated & stored in advance (which takes a LONG time, even in Rust) so that backtesting at the bar-level can be done in a reasonable timeframe. Couple that with the fact that I noticed last night that MW 6.9.12 starts bars at the 2nd tick of the day (vs. the first), at least when using IQFeed (as compared to direct tick download, or MultiCharts or even TradeStation with their own/different data - all of which matches among those 3 but MW starts building at tick #2
).
- thanks for the quick turnaround (and download!)...