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The Immediate Rebalance indicator is a powerful tool for identifying price rebalancing points among MetaTrader 5 indicators . Immediate imbalance occurs when supply and demand imbalance in a specific area, resulting in significant price movements .

This indicator detects gaps drawn on the chart by analyzing three consecutive candles. If there is a gap between the wicks of a first and third candle and the wick of the third candle is inserted into the wick of the first candle , this is considered a sign of trend continuation .

This price action indicates that the market is trying to rebalance and reduce buying or selling pressure .

Immediately rebalance indicator table

The following table describes the specifications of the Immediate Rebalance indicator.

Indicators at a glance

A key feature of this indicator is the precise division of the first candle's wick into five parts , which allows traders to accurately observe the degree of penetration of the third candle into the first candle's wick.

The penetration percentage of the third candle of the first candle is accurately calculated and shown to traders. Bullish immediate rebalancing areas are shown in green , while bearish areas are shown in red on this indicator.

Instant rebalancing indicator in bullish trends

The image below displays a 30 minute price chart of the AUD/CHF currency pair . Recognizing the balance between the last three consecutive candles , the immediate rebalancing indicator divides the wick of the first candle into five equal parts .

This segment is intended to show how deeply the third candle penetrates the wick of the first candle . In this example, the third candle's wick penetrated 74% of the first candle's wick , and the indicator detected and highlighted this penetration for the trader.

Instant rebalancing indicator in bearish trends

The price chart below represents the CHF/JPY currency pair on the 1 hour time frame . The Immediate Rebalancing indicator calculates the penetration of the third candle’s wick into the first candle’s wick as 29% and displays this data to traders.

Traders using the ICT trading style and other liquidity-based strategies can combine this data with other technical analysis tools to create more precise, low-risk trading strategies .

Indicator Settings

The settings section of the Immediate Rebalance indicator is shown below:

• Minimum Wick Size: The minimum size at which unbalanced shadows are considered
• Do you want multiple timeframes: In false mode, rebalances appear on all timeframes, and in true mode, they appear on the timeframe selected by the trader
• Multi-Timeframe Periods: Selected Daily Timeframe

Conclusion

The Immediate Rebalancing Indicator is a powerful tool for identifying balance areas and market reversals .

Its features, such as dividing the wick of the first candle and showing the penetration percentage of the third candle , help traders analyze trends more accurately and develop more efficient trading strategies .

This indicator is especially recommended for ICT traders and other liquidity-based trading strategies .