Price Action Toolkit: Volume Imbalances

A Volume Imbalance (VI) occurs when there is a gap between the open of a candle and the close of the preceding candle. The Price Action Toolkit automatically detects and plots VIs on your chart.

Settings

Gap Size

The Gap Size setting filters out VIs by their gap size. Using a higher size will result in less frequent VI detections.

Disable Overnight Gaps

If enabled, gaps that occur between market close & market open will not be plotted on your chart, which is useful for assets with gap-up openings like stocks and futures.