Just published a new free indicator on TradingView — TTM Force Imbalance Oscillator
Most oscillators tell you direction. This one tells you WHO IS WINNING.
tradingview.com/script/lOq6vpKo
The idea is simple but underexplored:
Separately track the average SIZE of up-moves vs down-moves over a rolling window.
When buyers are winning LARGER bars than sellers — even in a sideways market — that’s accumulation pressure building.
When sellers win larger bars, you get distribution pressure.
The oscillator plots that imbalance normalized from -1 to +1.
Zero = perfect symmetry. The further from zero, the more one side is dominating.
What makes it different from RSI or momentum indicators:
RSI also compares up-moves to down-moves, but it’s tuned for overbought/oversold extremes.
TTM FIO is tuned differently: it asks which side is currently winning the SIZE battle, centered at zero, so you can read accumulation vs distribution pressure across timeframes in real time.
It includes a Multi Time-Frame dashboard with W / D / 1H / 20m / 5m bias all on one table.
Right now on TSLA for example:
• W: Neutral
• D: Bear Bias
• 1H: Bull Bias
• 20m: Neutral
• 5m: Neutral
That divergence between D and 1H is worth watching.
Free and open source on TradingView.
Search: TTM Force Imbalance Oscillator
or direct link: tradingview.com/script/lOq6vpKo
More tools at TradingTimeMachine.com
Dave