Intrabar Bar Balance and Multi-Signal Visualization
Summary
Bar Balance estimates the makeup of each chart bar by counting lower-timeframe intrabars classified as up, down, or neutral. The script offers selectable intrabar resolutions, including automatic choices that trade off history length against detail, and can weight later intrabars more heavily. Its derived measures include bar balance, averages, momentum, directional ratios, and combined balances.
The indicator presents these readings through columns, lines, gradients, background shading, divergence levels, and optional markers for agreement, transitions, and price or line confirmations. It also allows neutral intrabars to dampen plotted lines. The source describes a configurable analysis and display tool, not a tested trading system: it supplies no performance evidence, and lower-timeframe sampling and resolution choices limit how fully the intrabar sequence represents activity within a chart bar.
Key ideas
- The indicator classifies lower-timeframe intrabars as upward, downward, or neutral to estimate bar balance.
- Users can choose intrabar resolution settings that balance historical coverage against finer sampling.
- Derived views include directional ratios, balance averages, momentum, and combined balances.
- Optional visual signals mark divergences, balance transitions, and agreement conditions.
- The document provides no evidence that the indicator's readings produce profitable trades.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.