Calculates an Elastic Volume Weighted Moving Average (EVWMA), incorporating trading volume to dynamically adjust moving average responsiveness over a specified lookback length. It plots directly on the price chart as a single moving average line. Optional colo
Indicator · Pine Script v6 · On the chart
Footprint Imbalance Delta
This indicator reads the native footprint of each bar to find buy and sell volume imbalances at each price row.
GitHub stars1on the repository
Pine versionv6current
Lines of code187
Settings22inputs
LicenceNone stated
Last update6 months ago15 Apr 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
A row counts as imbalanced when one side exceeds the other by a set multiplier, checked diagonally or across the row depending on the chosen method, and a minimum delta filters small values. It prints the resulting imbalance delta as labels on the price chart, spaced by ATR or fixed ticks, and also shows swing-based delta. It needs footprint data and gives no entries.
- Footprint buy and sell imbalance
- Diagonal or across imbalance methods
- Imbalance multiplier and minimum filter
- ATR-based label spacing
- Swing delta labels
Details
Published by
mikeyhu70 on GitHub
Type
Draws
On the price chart
Category
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Ticks per footprint row | int | 1 | ticksPerRow |
| Value Area % | int | 70 | valueAreaPct |
| Show labels on last N bars | int | 1 | barsToShow |
| Imbalance multiplier | float | 1.5 | imbalanceFactor |
| Imbalance Calculation Priority | string | Diagonal Primary | imbMethod |
| Min absolute imbalance delta to show | float | 50 | minAbsImbalance |
| Show zero imbalance delta | bool | false | showZeros |
| Text size | string | normal | textSizeInput |
| Buy color | color | color.lime | deltaPosColor |
| Sell color | color | color.rgb(233, 108, 162) | deltaNegColor |
| Delta neutral color | color | color.gray | deltaZeroColor |
| SI~ color | color | color.white | swingInProgressColor |
Show all 22 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Display mode | string | Delta only | displayMode |
| ATR displacement multiplier | float | 1.5 | atrMultiplier |
| Label line gap (ATR fraction) | float | 0.20 | lineGapFactor |
| Use ATR for spacing (vs fixed ticks) | bool | true | useATR |
| Tick spacing (when ATR off) | int | 3 | offsetTicks |
| ATR length | int | 14 | atrLength |
| Swing length | int | 4 | swingLen |
| Show swing delta | bool | true | showSwing |
| Number of swings to show | int | 40 | swingsToShow |
| Swing ATR displacement multiplier | float | 0.1 | swingAtrMultiplier |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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