Initial Balance - (IB)

Hello Traders,

--->> Initial Balance (IB) which plays a very important role in Day Trading, that can be used as a referance area <<---

This indicator plots the 1 Hr IB high and low area that can be used as a tool for trading decision.
Will be very helpful to the traders who has idea about Volume Profile trading.

Just a note :

If the IB is narrow compared to the prev day then one can expect a breakout, if IB is extended then the day might be oscillating inside the area only.

nothing fancy :)))


cheers,
enjoy

Sanjay Ramanathan