The TIB Utility is a real-time tick imbalance analysis indicator designed to work with custom TIB (Tick Imbalance Bar) charts created by the TIB plugin. It processes raw tick data to calculate and visualize tick imbalances (θ) for each bar.

IMPORTANT NOTES

• This indicator will work correctly only on charts created with Tick Imbalance Bars Plugin
• Feel free to contact me for complete use guide related to Plugin and Utility Tool

What It Does

The indicator analyzes each bar by processing individual ticks and applying the tick rule. The cumulative sum of these signed ticks produces θ (theta), the tick imbalance for that bar.

Core Functions

• Historical Analysis
• Processes completed bars from tick history
• Calculates imbalance and tick count for each bar
• Applies filtering thresholds
• Draws labels and circles on qualified bars

Live Tracking

• Monitors developing bar in real-time
• Updates imbalance as each tick arrives
• Colors bar based on current imbalance
• Triggers alerts when thresholds are reached

Visual Feedback

• Text labels showing imbalance values
• Colored circles at bar midpoint (size scales with |θ|)
• Bar coloring (optional)
• Info panel with live statistics