Volume Imbalance PaintBar
Volume Imbalance PaintBar adds an unmissable visual layer to your chart by coloring entire price bars when the close is inside an active Volume Imbalance zone. Green bars signal price is inside a bullish body-to-body demand gap — a level where price jumped up so aggressively that consecutive candle bodies did not overlap. Red bars signal price is inside a bearish body-to-body supply gap. Bars outside all zones retain their normal candlestick colors.
- ●Green-colored bars appear when price closes inside a bullish Volume Imbalance zone — potential long entry area where the body-to-body gap is being filled
- ●Red-colored bars appear when price closes inside a bearish Volume Imbalance zone — potential short entry area where the body-to-body gap is being filled
- ●BullZoneColor and BearZoneColor inputs let you customize the highlight colors to match your chart theme
- ●Optional AlertOnZoneEntry fires an alert on the first bar entering a zone
- ●Tracks entry state per zone — alerts fire only once per zone visit, not on every bar inside
- ●Includes the same quality filters: MinGapATR and optional RequireVolSpike
- ●Bullish takes priority if price is inside both bullish and bearish zones simultaneously
Because Volume Imbalance zones are less frequent than Fair Value Gap zones, seeing painted bars on your chart is a notable event. When bars turn green or red, you know price is revisiting a level that was completely skipped during an institutional momentum move — a higher-significance gap-fill event.
All signals are guaranteed non-repainting. Once a bar is colored on close, the color will never change.
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Part of the Volume Imbalance Bundle
Get all 4 study types for $65 — save $30
Who This Is For
Volume Imbalance PaintBar is designed as a visual confirmation layer that works alongside the chart indicator and ShowMe study. Use it when you want instant awareness of when price is interacting with body-to-body gap zones.
Apply it to the same chart as the Volume Imbalance chart indicator. The zones show you where institutional body-to-body gaps are, and the painted bars show you exactly which bars are inside those gaps. Add the ShowMe study for midpoint touch signals.
Particularly effective on 1-minute to 5-minute charts during active trading sessions. Because Volume Imbalance zones are rarer, the painted bars carry more significance when they do appear — each colored bar represents price revisiting a level that was skipped entirely during a momentum move.
Works on any liquid market. Use the same filter settings (MinGapATR, MaxAge, MaxZones, RequireVolSpike) across all studies in the bundle for consistent zone detection.
See It in Action
Example chart showing Volume Imbalance PaintBar on a live trading session
Installation Guide
Step 1: Download the indicator file
After purchasing, you will receive a download link via email. Click the link and save the volume-imbalance-paintbar.eld file to your computer. Save it somewhere easy to find like your Desktop or Downloads folder.
Step 2: Open the Import Wizard
Open TradeStation. Click the File menu in the top-left corner, then select Import/Export EasyLanguage to launch the Import/Export Wizard.
Step 3: Select the import type
In the Import/Export Wizard, select "Import EasyLanguage file (ELD, ELS or ELA)" from the list. Click Next to continue.
Step 4: Browse for the file
Click the Browse button to open a file browser where you can locate your downloaded .ELD file.
Step 5: Select and open the file
Navigate to the folder where you saved the .ELD file. Select volume-imbalance-paintbar.eld and click Open. The file name shown may differ from the screenshot — look for your downloaded indicator file.
Step 6: Open the Studies menu
On your chart, click the Studies dropdown in the toolbar and select Add Study.
Step 7: Select the PaintBar study
In the Add Studies dialog, click the PaintBar tab on the left side. Find "!IndHub-PB_VolImbalance_v1" in the list, select it, and click OK to apply.
Step 8: Configure settings (optional)
Right-click anywhere on the chart, go to Studies > Edit Studies..., select the indicator, and click the Inputs tab. Key inputs: BullZoneColor (default Green) and BearZoneColor (default Red) control the bar colors. AlertOnZoneEntry (default false) enables alerts. Detection settings (MinGapATR, MaxAge, MaxZones, RequireVolSpike) control which zones are tracked.
Common Issues
I do not see any colored bars on my chart. The indicator is applied but nothing is painted.
The PaintBar only colors bars when the close is inside an active Volume Imbalance zone. Body-to-body gaps are rarer than other SMC zones, so it is normal for long stretches of chart to have no colored bars. Check the chart indicator to see where Volume Imbalance zones exist relative to current price. Lower MinGapATR to 0.05 to detect more gaps, or wait for a high-momentum move to create new zones.
Can I change the zone colors?
Yes. To change colors, right-click anywhere on the chart, go to Studies > Edit Studies..., select the indicator, click the Inputs tab, and change BullZoneColor and BearZoneColor to any TradeStation color name (Cyan, Magenta, Yellow, etc.) or RGB values. Choose colors that contrast well with your candlestick colors.
How does this differ from the Fair Value Gap PaintBar?
The Fair Value Gap PaintBar colors bars inside 3-candle wick-to-wick gap zones. The Volume Imbalance PaintBar colors bars inside 2-candle body-to-body gap zones. Volume Imbalance zones are rarer but more aggressive. You can use both PaintBars simultaneously on the same chart — use different color pairs for each so you can distinguish which type of gap price is interacting with.
For additional help, contact support.