BalanceLines

"Balance cost" analysis method

Created by Trader AFI_man.

The BalanceLines indicator plots balance levels for a given time interval. The balance line divides the market volume into sellers (above the balance level) and buyers (below the balance level). In any movement, if the price is fixes above the balance level, there comes a moment when sellers are unable to hold off buyers, which leads to a growth. Similarly, when the price is fixed below the balance level, there comes a moment when buyers are unable to hold off sellers, which leads to a decrease. Thus, the price moves from one balance level to the next.

Features of the BalanceLines indicator

• Plots the balance cost lines
• Plots the midi balance lines
• Plots the micro balance lines
• The price levels are rounded up to a multiple of 5 according to the selected rounding method

The main signals of the indicator:

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