Glossary · D
What is Diagonal imbalance?
A footprint imbalance computed by comparing the ask volume at one price with the bid volume one tick lower (or the bid at one price with the ask one tick higher), because those two sides faced each other at the same moment.
In context
Two numbers per row, as above. This is the most complete view: you can derive every other layout from it. It is required for spotting diagonal imbalances (later in this chapter) and finished or unfinished auctions at the bar extremes (Chapter 9). Its weakness is that it is busy and slow to read, particularly when a bar has thirty or forty rows.
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Related terms
Imbalance (footprint)TickAsk (offer)Bid
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