Bắt đầu

Initialbalance

Weekly Initial BalanceThis indicator marks the Weekly Initial Balance — the price range established during the first two trading days of the week — and projects extension levels for the remainder of the week. The idea behind it Monday sets the opening range for the week. Tuesday may extend that range — it could produce a false break, a range extension, a reversal, or an inside day. In a large majority of weeks, by the time Monday and Tuesday have traded, the high and low extremes are already in place for the rest of the week. One of these extremes will tend to hold, while the other may get broken. The default window (Sunday 18:00 – Tuesday 16:00 New York time) captures exactly this: the full Monday session plus Tuesday's contribution. Once the IB window closes, the remaining days of the week tend to trade in relation to these established levels. What makes this different Most Initial Balance indicators focus on the first 30 or 60 minutes of a single session. This indicator applies the IB concept to the weekly timeframe — capturing the Mon-Tue range that statistically defines the week's extremes. The configurable window, range extension multipliers, and clean label handling (current week only) make it a practical tool rather than a theoretical overlay. How it works - A shaded box marks the IB range (high and low) as it forms during the configured window - After the window closes, the IB high, low, and 50% midpoint extend as horizontal reference levels - Configurable range extensions (default 0.5x and 1.0x of the IB range) project above and below as potential targets - Price labels display the exact level at each line (current week only — historical weeks show clean lines without clutter) How to use it - **Which side holds?** After the IB window closes, one extreme tends to hold for the week while the other gets broken — watch for which side price tests and rejects first - **Range extensions as targets:** When the IB high or low breaks, the 0.5x and 1.0x extensions provide measured-move targets - **Inside weeks:** If price stays within the IB range through Friday, the 50% midpoint often acts as a magnet - **Volatility read:** A wide Monday–Tuesday range suggests the week's extremes may already be set; a narrow range suggests expansion is still ahead - **Alerts:** Built-in alerts fire when price breaks the IB high or low after the window closes Settings - Fully configurable start/end day, hour, and minute (New York time) - Adjustable number of historical weeks to display - Configurable extension multipliers (not limited to 0.5x and 1.0x) - Toggle individual levels, labels, and extensions on/off - Works on any instrument with sufficient intraweek data (futures, forex, crypto) Recommended timeframes: 30min and 1H charts for best visual clarity. Intraday only — the indicator requires sufficient chart history to display the configured number of weeks.
Chỉ báo Pine Script®
của const
1
Initial Value Breakout [OmegaTools]Initial Value Breakout (Ω IVB) is an intraday market structure indicator designed to identify, extend, and contextualize the Initial Value range formed during a user-defined opening session, with a default focus on the New York market open. The script is built for traders who want a structured and objective framework for reading early-session price discovery, tracking breakout direction, mapping expansion levels, and estimating adaptive continuation targets based on recent realized behavior. It is particularly effective on instruments where the opening phase provides meaningful information about participation, volatility, and directional intent, such as index futures, equities, and liquid intraday markets. The core idea of the indicator is to capture the high and low established during a configurable opening window and treat that range as the session’s Initial Value structure. Once the session ends, the script projects this structure forward through a configurable validity period, allowing the trader to monitor how price interacts with the key boundaries for the rest of the day. In practice, this creates a clean reference framework that can be used to distinguish between balanced sessions, failed breakouts, and genuine range expansion environments. During the selected opening session, the indicator continuously tracks the session high and session low while also collecting bar-by-bar mid-price data. This allows the script not only to define the upper and lower boundaries of the Initial Value range, but also to calculate a more stable internal reference level that reflects the opening distribution of price. Instead of relying on a simple midpoint between the session high and low, the script derives a center line using a hybrid central tendency approach that combines the average and median of opening-session mid-prices. This makes the central line more robust to isolated spikes and erratic early-session prints while still preserving responsiveness to the underlying structure. After the Initial Value range is formed, the script monitors price action for breakout events and updates a directional bias when price crosses above the Initial Value high or below the Initial Value low. This bias acts as a structural state variable for the session and is used both as a visual context cue and as part of the adaptive target logic. In practical terms, the bias helps the trader distinguish whether the market is currently expressing upside or downside initiative relative to the opening range, which is often critical when evaluating continuation setups versus reversion opportunities. In addition to the primary Initial Value high and low, the indicator can display deviation levels that project one full Initial Value range above and below the original boundaries. These expansion levels provide objective continuation references and are useful for identifying whether a breakout is developing into a true trend day or simply producing a short-lived excursion. Because the deviation levels are derived directly from the width of the opening range, they scale automatically with the session’s early volatility and remain instrument-agnostic in their construction. A key advanced feature of Ω IVB is its adaptive target system. Rather than relying exclusively on fixed range multiples, the script estimates continuation targets using recent realized breakout extensions observed during prior sessions. When a session ends and the Initial Value structure is reset, the script records how far price extended beyond the Initial Value boundary in the direction of the active bias within the configured validity window. Upside extensions and downside extensions are tracked separately in rolling samples, allowing the indicator to maintain side-specific behavior profiles. The script then computes projected upside and downside targets by applying the average of these recent realized extensions to the current session’s Initial Value boundaries. This creates dynamic targets that adapt to the instrument’s recent intraday expansion characteristics and can be more informative than static multipliers in changing volatility regimes. The indicator also includes an optional VWAP that resets from the beginning of the Initial Value session. This provides an additional institutional-style benchmark for evaluating price acceptance, trend quality, and rotational behavior relative to the opening structure. When enabled, the VWAP can be used alongside the Initial Value lines and breakout bias to refine trade selection, especially in cases where price breaks the range but fails to hold above or below both the range boundary and VWAP. From a visual design perspective, the script is intentionally built around line objects and line fill objects to produce a clean and precise intraday chart presentation. The Initial Value high and low are displayed as horizontal reference lines, while the optional center line, deviation levels, and adaptive targets can be layered on demand depending on the user’s preferred level of detail. Optional filled zones can be enabled to visually emphasize the Initial Value area and the deviation bands, making it easier to read structure at a glance without overcrowding the chart. Bullish and bearish colors are fully customizable so the indicator can be integrated into different chart themes and workflow preferences. The session and validity inputs allow the script to be tailored to different instruments and trading styles while preserving the same logic. The session input defines the exact time window used to construct the Initial Value range in New York time, and the validity input determines how long the levels remain active and how far the script looks when measuring realized post-breakout extensions for the adaptive target model. This makes the tool flexible enough for traders who focus on the cash open, the first hour, or custom opening structures, while still maintaining a consistent statistical framework. Ω IVB is well suited for traders who use opening range logic, session structure analysis, breakout continuation models, and rule-based intraday execution. It can be used to frame directional bias, identify acceptance or rejection around key opening references, plan profit-taking zones, and distinguish between balanced and expanding sessions. It becomes particularly powerful when combined with order flow analysis, volume studies, market internals, or discretionary tape reading, because it provides a stable structural map around which more granular execution decisions can be made. As with any analytical tool, the indicator is intended to support decision-making rather than replace a complete trading process. It should be used within a broader framework that includes risk management, position sizing, and execution discipline. When used correctly, Initial Value Breakout provides a professional and systematic way to interpret the opening phase of the market and translate that information into actionable intraday structure. By Eros, OmegaTools
Chỉ báo Pine Script®
của OmegaTools
Prior Levels [crlmx] Previous Levels (prLevels) is a Multi-timeframe horizontal price level tool, presenting current/previous day, previous week and custom sessions with optional Initial Balance. Key Features - Offering: Open, High, Low, Mid levels on all timeframes - On/off visibility toggle for sections and individual levels - Optional price display labels - Session presets: NYC, London, Asia - Custom Session timeframes: 4H, 8H, 12H, Month - Initial Balance: first-hour box with extending H/L reference lines - Weekday-only session detection for accurate weekend display - Streamlined input / UI brought to you by crlmx Trading Applications - Automated key previous levels for support and resistance read - Disable unused sections to keep charts clean and reduce visual noise - Track session-specific ranges for multi-session markets - Use Initial Balance as directional reference for the day - Combine with volume or momentum indicators to confirm level reactions - Intraday Levels: Current Day + Previous Day | Chart: 1-15 min - Swing Reference: Previous Day + Previous Week | Chart: 15 min - 1H - Session Trading: Custom Session (NYC/LDN/Asia) + IB | Chart: 1-5 min - Multi-Session: Stack multiple instances with different session presets - Initial Balance: Works on 1-5 min charts and can resolve into S/Rs - Previous Week: Levels for context on session breaks and failed auctions Version History - v0.47: Initial release
Chỉ báo Pine Script®
của crlmx
Initial Balance Statistical MappingInitial Balance Statistical Mapping Overview The Initial Balance (Enhanced) indicator is a sophisticated trading tool designed specifically for NQ (Nasdaq-100 E-mini Futures) during New York trading hours. It provides data-driven insights based on comprehensive analysis of 12 years of 1-minute price data (2013-2025), offering traders probabilistic forecasts for intraday price movement based on the market's behavior during the critical first hour of trading. What is Initial Balance? Initial Balance (IB) refers to the price range established during the first hour of the New York cash session (9:30-10:30 AM ET). This concept, pioneered by legendary trader Peter Steidlmayer as part of Market Profile theory, represents a critical period where the market establishes its initial value area for the day. The IB high and low create key reference points that professional traders use throughout the session to: Identify potential support and resistance levels Gauge market directional bias Set realistic profit targets Assess market volatility and range expectations Statistical Foundation This indicator is built on rigorous statistical analysis of 12+ years of NQ futures data (over 3,000 trading sessions), examining: Opening Range Patterns: 5-minute and 15-minute opening ranges Initial Balance Characteristics: Directional bias, extreme formation sequence, and closing position Breakout Behavior: Which IB boundary breaks first and subsequent price action Midpoint Dynamics: Probability and timing of midpoint retests Session Outcomes: Correlation between IB patterns and daily close direction Extension Targets: Historical percentile-based price projections beyond IB boundaries The statistical combinations tracked include: IB direction (bullish vs bearish) × Extreme formed first (high vs low) × Close position (above vs below midpoint) Post-break behavior (confirmation, reversal, or range-bound) Conditional probabilities for over 16 unique market scenarios Visual Components 1. IB Box A shaded rectangular area highlighting the first hour's price range: Top boundary: IB High Bottom boundary: IB Low Midpoint line: The 50% level of the IB range Customizable colors for the fill, border, and midpoint 2. Extension Levels Percentile-based price targets above and below the IB boundaries, calculated from historical extension data: Above IB High: 25th percentile: +0.14% extension Median (50th): +0.31% extension (default display) 75th percentile: +0.60% extension 90th percentile: +1.00% extension Below IB Low: 25th percentile: -0.16% extension Median (50th): -0.38% extension (default display) 75th percentile: -0.79% extension 90th percentile: -1.37% extension These levels represent targets that historically occur at the specified frequency. For example, the median extension suggests that 50% of the time, the market extends at least this amount beyond the IB boundary when it breaks out. 3. Statistics Table A dynamic information panel displaying real-time probabilities and historical context (detailed in "Interpreting the Statistics Table" section below). Input Parameters Calculation Period IB Period: Default 0930-1030 (9:30-10:30 AM ET) Defines the time window for Initial Balance calculation Should match the first hour of NY cash session Regular Trading Hours: Default 0930-1600 (9:30 AM - 4:00 PM ET) Extension lines only display during these hours Statistics table appears during RTH only Prevents visual clutter during overnight sessions Display Options Show IB Box: Toggle the shaded IB range rectangle Only Show Current IB: When enabled, previous days' IB boxes are removed (keeps chart clean) Show Extension Labels: Display percentile labels on extension lines Show Extensions: Individual toggles for each extension level Colors IB Box Color: Customize the shaded range fill (default: semi-transparent blue) Box Border Color: Border line color (default: gray) Midpoint Color: Midpoint line color (default: gray) Extension Color: All extension lines and labels (default: blue) Styling Line Style: Choose Solid, Dashed, or Dotted for IB box borders and midpoint Extension Line Style: Separate style control for extension levels Extension Line Width: 1-4 pixels thickness Extension Label Size: Tiny/Small/Normal/Large/Huge Statistics Table Table Position: 9 placement options (corners, edges, center) Table Size: Auto/Tiny/Small/Normal/Large/Huge Sessions for IB Stats: Number of previous sessions (5-250) to calculate rolling IB range statistics Higher values = more stable averages Lower values = more responsive to recent market conditions Default: 50 sessions Interpreting the Statistics Table The statistics table is the analytical core of this indicator, providing probabilities derived from 12 years of historical NQ data. It updates in real-time as the trading day progresses. Section 1: IB Characteristics IB Direction Bullish (green): IB close > IB open Bearish (red): IB close < IB open This reflects whether the first hour closed higher or lower than it opened Extreme First High First: The IB high was established before the IB low during the first hour Low First: The IB low was established before the IB high This sequence often indicates early momentum direction Close Position Above Midpoint: IB close is above the midpoint of the IB range Below Midpoint: IB close is below the midpoint This shows where buying/selling pressure finished within the range Section 2: Historical Pattern & Probabilities Historical Pattern Shows the number of sessions (out of 3,000+) that match the current IB combination Example: "151 sessions" means this exact pattern (e.g., Bullish + High First + Close Above Mid) occurred 151 times Larger sample sizes (>100) provide more reliable probabilities Smaller samples (<50) should be interpreted with appropriate caution Next Break Predicts which IB boundary will break first: HIGH: Price likely to exceed IB high before IB low LOW: Price likely to breach IB low before IB high Neither: Higher probability that both boundaries remain intact for the session Shows the highest probability outcome with its percentage Based on what actually happened in similar historical sessions Midpoint Retest Probability that price will return to the IB midpoint at some point during the session Initially shows "PENDING" status (orange) Updates to "✓ CONFIRMED" (green) when the midpoint is touched after IB formation Calculated based on sessions where price left the midpoint (>0.1% threshold) and returned Average/median time to retest is tracked in the underlying data Session Close Highlighted row (green background): The key predictive metric Predicts whether the NY cash session (9:30 AM - 4:00 PM ET) will close: Bullish: Close > IB open (green) Bearish: Close < IB open (red) Shows the probability of the more likely outcome This is arguably the most actionable statistic for directional bias Section 3: IB Range Statistics Current Range The actual point value of today's IB range (IB High - IB Low) Useful for comparing to historical norms Mean (X/Yd) Average IB range over the lookback period "X/Y" indicates X sessions were captured out of Y lookback days May be less than lookback if some days had incomplete data or early closures Percentile Rank (color-coded cell) Shows where today's IB range ranks relative to recent sessions: Blue tint (<20th percentile): Unusually narrow range - expect potential expansion Light gray (20-60th): Normal range Dark gray (60-80th): Above average range Red tint (>80th percentile): Unusually wide range - may indicate high volatility or potential consolidation Format: "92nd" means today's range is larger than 92% of the last n sessions (n is defined by the lookback period) Section 4: Post-Break Analysis (Dynamic Section) This section appears only after the IB high or IB low is broken, replacing the standard table with expanded statistics. ━ IB HIGH BROKEN ━ or ━ IB LOW BROKEN ━ Orange header indicates which boundary was exceeded Triggers when price definitively breaks through IB high or low Historical Breaks Number of times this specific pattern (IB direction + close position + break direction) occurred historically Example: "1134 times" means this combination has broken the IB high 1,134 times in the dataset Mid Retest Prob Probability that price will return to test the IB midpoint after breaking out Critical for entry/re-entry decisions and stop placement Percentages typically range from 40-65% depending on the pattern If Retest Occurs: Shows three potential outcomes if the midpoint is retested after the break: Bounce Back UP/DOWN (Confirmation - green text) After breaking IB high and retesting midpoint → bounces back up (confirms bullish breakout) After breaking IB low and retesting midpoint → bounces back down (confirms bearish breakdown) This is the "successful retest" scenario traders often look for Reverse to LOW/HIGH (Reversal - red text) After breaking IB high and retesting → reverses and breaks IB low (failed breakout) After breaking IB low and retesting → reverses and breaks IB high (failed breakdown) The "trap" scenario that catches breakout traders Stays in Range (neutral text) Price retests midpoint but then remains between the midpoint and the opposite IB extreme No additional breakout in either direction Consolidation/balance scenario Example Interpretation: ━ IB HIGH BROKEN ━ Historical Breaks: 1134 times Mid Retest Prob: 44.9% If Retest Occurs: Bounce Back UP : 41.3% (confirms the high break) Reverse to LOW : 39.1% (breaks IB low instead) Stays in Range : 19.6% (consolidates) This tells you: This pattern has broken the IB high 1,134 times historically There's a 44.9% chance price will retest the midpoint after breaking IF it retests, there's roughly an equal chance it bounces back up (41.3%) or reverses to break the low (39.1%) Only 19.6% of retests result in consolidation This would be a high-risk breakout due to the near-equal probability of confirmation vs. reversal How the Statistics Are Calculated Data Collection Methodology The Python analysis script processes: 12+ years of 1-minute NQ futures data (2013-2025) 3,000+ trading sessions Only NY cash session data (9:30 AM - 4:00 PM ET) Adjusted for early closures (holidays, half days) Conditional Probability Framework The indicator uses a nested conditional probability structure: Level 1: IB Direction Bullish (close > open) vs Bearish (close < open) Level 2: IB Extreme Sequence High First vs Low First Determined by which extreme was reached first during IB formation Level 3: IB Close Position Close Above Midpoint vs Close Below Midpoint Where within the range did the IB close? Level 4: Break Direction Which boundary broke first after IB? High Breaks / Low Breaks / Neither Level 5: Midpoint Retest Behavior (post-break) Did midpoint get retested after break? If yes: Confirmed / Reversed / Stayed in Range This creates specific combinations like: "Bullish IB + Low First + Close Above Mid" → 76.7% bullish session close (1,281 historical occurrences) "Bearish IB + High First + Close Below Mid" → 73.9% breaks low first (1,127 occurrences) Extension Percentile Calculations For each session, the maximum extension beyond each IB boundary is measured: High Extension: (Session High - IB High) / IB High × 100 Low Extension: (IB Low - Session Low) / IB Low × 100 These extensions are collected across all sessions, and percentiles are calculated: 25th percentile: 25% of sessions extend at least this far 50th percentile (Median): 50% of sessions extend at least this far 75th percentile: 75% of sessions extend at least this far 90th percentile: 90% of sessions extend at least this far Note: Sessions with no extension (price never exceeded the IB boundary) are included in the dataset as zero-extension values. This is statistically important because it means: The median extension of +0.31% above IB high means 50% of ALL sessions (including those that never broke the high) extended at least this far This is a conservative, realistic measure of actual market behavior IB Range Percentile Rank The rolling percentile rank compares today's IB range to the previous N sessions (default 50): Collect IB ranges for the past 50 sessions Count how many of those ranges were smaller than today's range Divide by total sessions and multiply by 100 Example: If 34 of the past 50 sessions had smaller IB ranges than today: Percentile = (34/50) × 100 = 68th percentile Today's range is larger than 68% of recent sessions Real-Time Validation & Updates The statistics table evolves as the trading day progresses: Pre-IB Formation (9:30-10:30 AM) Table shows "PENDING" for all fields in orange No predictions yet, as IB hasn't formed Useful as a reminder that IB is still forming IB Formation Complete (10:30 AM) All IB characteristics are determined and displayed Historical pattern sample size is shown Probabilities are populated based on the specific IB combination "Midpoint Retest" shows expected probability with "PENDING" status During Trading Session (10:30 AM - 4:00 PM) Midpoint Retest status updates from "PENDING" to "✓ CONFIRMED" if midpoint is touched Table remains stable showing initial probabilities Extension levels continue to be displayed After IB Breakout Entire table is dynamically rebuilt when IB high or low is broken Post-break statistics section is added Shows refined probabilities specific to the break direction Midpoint retest probability is now specific to post-break behavior End of Session (4:00 PM) Table is removed from chart IB box and extensions remain visible for reference Resets for next trading session Practical Trading Applications 1. Directional Bias Use the "Session Close" prediction to establish your directional bias for the day Higher percentages (>70%) suggest stronger historical edge Consider trading with the bias rather than against it 2. Breakout Trading "Next Break" probability helps anticipate which boundary is more likely to break Wait for confirmation, but prepare for the higher-probability direction Use extension levels as initial profit targets 3. Mean Reversion High "Midpoint Retest" probabilities (>80%) suggest mean reversion opportunities After a break, if retest probability is high, consider waiting for the pullback Post-retest statistics help determine whether to fade or trade with the move 4. Risk Management Wide IB ranges (>75th percentile) may suggest: Higher volatility day requiring wider stops Potential for consolidation or smaller extensions More challenging trading conditions Narrow IB ranges (<25th percentile) may suggest: Compressed volatility ready to expand Potential for larger extensions when breakouts occur Clearer directional moves 5. Trade Filtering Use the statistics to avoid low-probability setups If "Session Close" and "Next Break" align (both bullish or both bearish), confidence is higher Conflicting signals suggest a more balanced, range-bound day 6. Exit Strategy Extension percentiles provide logical profit targets: Conservative: 25th percentile (smaller move, higher hit rate) Moderate: 50th percentile (median expectation) Aggressive: 75th-90th percentile (larger move, lower hit rate) After a midpoint retest, use the post-retest probabilities to decide whether to hold or exit Important Notes & Disclaimers Timeframe Specificity This indicator is designed exclusively for NQ futures Statistics are derived from NY cash session hours only (9:30 AM - 4:00 PM ET) Do not use on other instruments or timeframes without independent validation The IB period should always be set to the first hour of the NY session Statistical Interpretation Probabilities are not certainties - a 70% probability means 30% of the time the opposite occurs Sample size matters - combinations with <50 occurrences should be treated with caution Market conditions evolve - the 12-year dataset includes various market regimes, but future behavior may differ Past performance ≠ future results - these statistics are educational and analytical tools, not guarantees Best Practices Use this indicator as one component of a comprehensive trading plan Combine with price action, volume analysis, and market context Paper trade strategies based on these statistics before risking real capital Keep a trading journal to track how probabilities play out in real-time Adjust position sizing based on probability strength and your risk tolerance Data Quality Statistics are based on continuous NQ futures data (rollover-adjusted) Early session closures, half days, and holidays are included in the dataset Gaps and overnight moves are not considered in the analysis (only RTH data) The indicator auto-detects early closures and adjusts the RTH end time accordingly Technical Requirements Platform: TradingView (Pine Script v5) Instrument: NQ (Nasdaq-100 E-mini Futures) recommended; adaptable to ES or YM with separate validation Timeframe: Works on any intraday timeframe (1-min, 5-min, 15-min, etc.) Lower timeframes (1-5 min) recommended for precision Session Settings: Chart timezone should be set to "America/New_York" or equivalent for accurate IB timing Data Requirements: Sufficient historical data to populate IB range statistics (minimum 50 sessions) Version History & Updates Current Version: Enhanced Initial Balance with Conditional Statistics (v1.0) Key Features: 12-year statistical foundation (2013-2025) 16+ conditional pattern combinations Dynamic post-break analysis Real-time midpoint retest validation Percentile-based extension targets Rolling IB range analysis Comprehensive statistics table Conclusion The Initial Balance (Enhanced) indicator transforms 12 years of market data into actionable, probabilistic insights for NQ traders. By understanding the historical behavior of specific IB patterns, traders can: Make more informed directional decisions Set realistic profit targets based on statistical extension frequencies Anticipate mean reversion opportunities with midpoint retest probabilities Manage risk with context-aware range analysis Avoid low-probability setups and focus on higher-edge opportunities This is not a "black box" system or a magic formula. It's a transparent, data-driven framework that provides historical context to inform your trading decisions. The statistics table doesn't tell you what will happen - it tells you what has historically happened when similar patterns emerged, allowing you to trade with probabilistic edges rather than guesses.
Chỉ báo Pine Script®
của lucymatos
3
Trading Sessions + IB [midst]What It Does Displays the three major global trading sessions (Asia, London, New York) with Initial Balance (IB) ranges and extension levels. Automatically detects instrument type (ES, NQ, Gold, Silver) and applies correct IB period. Key Features Session Boxes: Visual high-to-low range for each session Initial Balance: First 60 minutes of session range with IB high/mid/low lines IB Extensions: Automatic calculation of +/-25%, 50%, 100% levels Live IB Tracker: Real-time statistics table showing IB range, analysis, and market structure Fully Customizable: Colors, line styles, labels, and display options Why Use This Identify key support/resistance levels based on session structure Track IB breakouts for high-probability trade setups Use extensions as profit targets or reversal zones Compare session ranges to gauge volatility Spot session overlaps for increased liquidity Default Times (Chicago/Central Time) Asia: 5:00 PM - 2:00 AM London: 2:00 AM - 11:00 AM New York: 7:30 AM - 4:00 PM How To Use Add indicator to your chart (works best on 5-15 minute timeframes) Indicator auto-detects ES, NQ, GC, SI and applies correct 60-minute IB Watch for price action at IB levels and extensions Use IB Tracker table for real-time market analysis Customization Adjust everything: session times, IB period, colors, line styles, labels, table position. Toggle historical sessions, IB boxes, lines, extensions, and more. Supported Instruments: ES/MES, NQ/MNQ, GC/MGC (Gold), SI (Silver) - auto-detection included
Chỉ báo Pine Script®
của midst
2
SNIPER Initial Balance V1SNIPER INITIAL BALANCE V1 ### What It Does Draws the first hour's high/low range with extensions and breakout signals. ### IB Times (Auto-Selected) | Market Type | IB Period (ET) | |-------------|----------------| | Index (ES/NQ/YM) | 9:30 - 10:30 | | Gold (GC/MGC) | 8:30 - 9:30 | | Energy (CL) | 9:00 - 10:00 | ### Levels Drawn | Level | Style | Purpose | |-------|-------|---------| | IB High | Solid | Resistance | | IB Low | Solid | Support | | IB Mid | Dashed | Mean reversion | | 50% Ext | Dotted | Target 1 | | 100% Ext | Dotted | Target 2 | | 1SD (1.28x) | Dashed | 80% range | | 2SD (2.0x) | Dashed | 95% range | ### Signals | Signal | Meaning | Action | |--------|---------|--------| | `IB↑` | Breakout above IB High | Look for long | | `IB↓` | Breakout below IB Low | Look for short | | `RT↑` | Retest long entry | **BEST ENTRY** - Go long | | `RT↓` | Retest short entry | **BEST ENTRY** - Go short | | `FK` | Fakeout warning | **AVOID** - Don't enter | ### Entry Requirements (All Must Be True) - ✅ Close above/below level (not just wick) - ✅ Volume ≥ 1.3x average - ✅ Body ≥ 60% of candle - ✅ Minimal adverse wick ### Quick Trade Plan ``` LONG: Wait for RT↑ → SL below IB Low → TP at 50% or 100% ext SHORT: Wait for RT↓ → SL above IB High → TP at 50% or 100% ext ``` ---
Chỉ báo Pine Script®
của alexandrodisla
Previous TPOIndicator Summary This Pine Script indicator, "Previous TPO," is designed to calculate and display five key price levels from the previous trading day's market activity. It uses a 30-minute TPO (Time Price Opportunity) profile, which is a method of organizing price by time to find areas of high and low activity. The five levels it plots on the current day are: 1. Previous Value Area High (VAH) 2. Previous Value Area Low (VAL) 3. Previous Point of Control (POC) 4. Previous Initial Balance High (IBH) 5. Previous Initial Balance Low (IBL) The script is built to be efficient, running its main calculation only once at the beginning of each new day. It also includes an automatic line management system to delete old lines, preventing the "Too many lines" error and keeping the chart clean. How the Code Works 1. Data Collection: At the start of a new day (00:00), the script looks back at the chart's history. It uses request.security to access 30-minute bar data. 2. Collector Loop: It then loops backward, bar by bar, to find and store 48 unique 30-minute High/Low data points, which represents the full 24-hour range of the previous day. 3. TPO Profile: With this 30-minute data, it builds a TPO profile. It divides the previous day's price range into small bins (price levels) and counts how many 30-minute periods "touched" each price bin. 4. Level Calculation: o POC: It finds the price bin with the highest TPO count (the most traded price) and sets it as the Point of Control. o VAH/VAL: It starts at the POC and expands outward, adding the next-most-traded price bins until 70% (or the user-defined percentage) of the day's TPOs are included. The highest and lowest prices of this range are the Value Area High and Value Area Low. o IBH/IBL: It identifies the high and low of the first hour (the first two 30-minute bars) of the previous day to set the Initial Balance High and Initial Balance Low. 5. Drawing: The script draws these five levels as horizontal lines across the current trading day, providing a constant reference. 6. Line Management: It keeps track of all lines in an array. When the total number of lines exceeds the user's limit (e.g., 50 days * 5 lines = 250), it automatically deletes the oldest lines from the chart. Usefulness for Trading This indicator provides a powerful framework for intraday traders by contextualizing the current day's price action against the previous day's "auction." • Key Support/Resistance: The VAH, VAL, and POC act as significant support and resistance lev-els. Price reacting at these levels can signal mean reversion, while acceptance beyond them can signal a trend or expansion day. • Value Area as Context: Trading inside the previous day's value area (between VAH and VAL) is often seen as "balanced" or "range-bound" trading. Trading outside of it is "unbalanced" or "trending." • POC as a "Magnet": The POC, being the area of highest volume/time, often acts as a "magnet" or "center of gravity" for price. • Opening Range: The Initial Balance (IB) levels show the opening range. A breakout from this range is often a key signal for the day's initial direction. • 80% Rule: The script contains (currently commented-out) setup logic for the "80% Rule." This is a specific Market Profile strategy where: 1. The market opens inside the previous day's Value Area. 2. The Initial Balance fails to extend outside the VA (e.g., in a short setup, the IB high stays below the VAH). 3. This setup suggests an 80% probability that the price will rotate and test the other side of the Value Area (e.g., test the VAL). Publication and restrictions This script is published under the Mozilla Public Licence 2.0 (MPL 2.0) and is therefore suitable for publi-cation as an open source indicator on TradingView. Timeframe limitation: The indicator is designed for intraday timeframes. Timeframes below 10 minutes do not work and lead to an error. Recommended time frame 30 minutes. It will not work correctly on: Time frame under 10 minutes: The data collection loop (max_bars_to_check = 3000) is not large enough to collect the bars required for a full day on a 5-minute chart or smaller. High time frames (e.g. 1H, 4H, Daily): The script's logic is based on a chart timeframe 30-minute data that it requests. If higher time frames are selected, the script works but the zones are no longer correct or become irrelevant.
Chỉ báo Pine Script®
của Demech
Initial Balance Breakout Signals [LuxAlgo]The Initial Balance Breakout Signals help traders identify breakouts of the Initial Balance (IB) range. The indicator includes automatic detection of IB or can use custom sessions, highlights top and bottom IB extensions, custom Fibonacci levels, and goes further with an IB forecast with two different modes. 🔶 USAGE The initial balance is the price range made within the first hour of the trading session. It is an intraday concept based on the idea that high volume and volatility enter the market through institutional trading at the start of the session, setting the tone for the rest of the day. The initial balance is useful for gauging market sentiment, or, in other words, the relationship between buyers and sellers. Bullish sentiment: Price trades above the IB range. Mixed sentiment: Price trades within the IB range. Bearish sentiment: Price trades below the IB range. The initial balance high and low are important levels that many traders use to gauge sentiment. There are two main ideas behind trading around the IB range. IB Extreme Breakout: When the price breaks and holds the IB high or low, there is a high probability that the price will continue in that direction. IB Extreme Rejection: When the price tries to break those levels but fails, there is a high probability that it will reach the opposite IB extreme. This indicator is a complete Initial Balance toolset with custom sessions, breakout signals, IB extensions, Fibonacci retracements, and an IB forecast. All of these features will be explained in the following sections. 🔹 Custom Sessions and Signals By default, sessions for Initial Balance and breakout signals are in Auto mode. This means that Initial Balance takes the first hour of the trading session and shows breakout signals for the rest of the session. With this option, traders can use the tool for open range trading, making it highly versatile. The concept behind open range (OR) is the same as that of initial balance (IB), but in OR, the range is determined by the first minute, three or five minutes, or up to the first 30 minutes of the trading session. As shown in the image above, the top chart uses the Auto feature for the IB and Breakouts sessions. The bottom chart has the Auto feature disabled to use custom sessions for both parameters. In this case, the first three minutes of the trading session are used, turning the tool into an Open Range trading indicator. This chart shows another example of using custom sessions to display overnight NASDAQ futures sessions. The left chart shows a custom session from the Tokyo open to the London open, and the right chart shows a custom session from the London open to the New York open. The chart shows both the Asian and European sessions, their top and bottom extremes, and the breakout signals from those extremes. 🔹 Initial Balance Extensions Traders can easily extend both extremes of the Initial Balance to display their preferred targets for breakouts. Enable or disable any of them and set the IB percentage to use for the extension. As the chart shows, the percentage selected on the settings panel directly affects the displayed levels. Setting 25 means the tool will use a quarter of the detected initial balance range for extensions beyond the IB extremes. Setting 100 means the full IB range will be used. Traders can use these extensions as targets for breakout signals. 🔹 Fibonacci Levels Traders can display default or custom Fibonacci levels on the IB range to trade retracements and assess the strength of market movements. Each level can be enabled or disabled and customized by level, color, and line style. As we can see on the chart, after the IB was completed, prices were unable to fall below the 0.236 Fibonacci level. This indicates significant bullish pressure, so it is expected that prices will rise. Traders can use these levels as guidelines to assess the strength of the side trying to penetrate the IB. In this case, the sellers were unable to move the market beyond the first level. 🔹 Initial Balance Forecast The tool features two different forecasting methods for the current IB. By default, it takes the average of the last ten values and applies a multiplier of one. IB Against Previous Open: averages the difference between IB extremes and the open of the previous session. Filter by current day of the week: averages the difference between IB extremes and the open of the current session for the same day of the week. This feature allows traders to see the difference between the current IB and the average of the last IBs. It makes it very easy to interpret: if the current IB is higher than the average, buyers are in control; if it is lower than the average, sellers are in control. For example, on the left side of the chart, we can see that the last day was very bullish because the IB was completely above the forecasted value. This is the IB mean of the last ten trading days. On the right, we can see that on Monday, September 15, the IB traded slightly higher but within the forecasted value of the IB mean of the last ten Mondays. In this case, it is within expectations. 🔶 SETTINGS Display Last X IBs: Select how many IBs to display. Initial Balance: Choose a custom session or enable the Auto feature. Breakouts: Enable or disable breakouts. Choose custom session or enable the Auto feature. 🔹 Extensions Top Extension: Enable or disable the top extension and choose the percentage of IB to use. Bottom extension: Enable or disable the bottom extension and choose the percentage of IB to use. 🔹 Fibonacci Levels Display Fibonacci: Enable or disable Fibonacci levels. Reverse: Reverse Fibonacci levels. Levels, Colors & Style Display Labels: Enable or disable labels and choose text size. 🔹 Forecast Display Forecast: Select the forecast method. - IB Against Previous Open: Calculates the average difference between the IB high and low and the previous day's IB open price. - Filter by Current Day of Week: Calculates the average difference between the IB high and low and the IB open price for the same day of the week. Forecast Memory: The number of data points used to calculate the average. Forecast Multiplier: This multiplier will be applied to the average. Bigger numbers will result in wider predicted ranges. Forecast Colors: Choose from a variety of colors. Forecast Style: Choose a line style. 🔹 Style Initial Balance Colors Extension Transparency: Choose the extension's transparency. 0 is solid, and 100 is fully transparent.
Chỉ báo Pine Script®
của LuxAlgo
17
Initial Balance Wave MapThis indicator visualizes the Initial Balance (IB) range for any session, marking the first hour's high and low. It includes optional midpoints, extensions (e.g. 1.5x IB, 2x IB), and customizable time windows. Additional features allow users to display session open, high, low, close, and VWAP reference points. Designed to support price action and session structure analysis, it adapts to various global futures and FX market opens. All display elements are optional and fully configurable. This updated indicator builds upon the open-source foundation by @noop-noop with enhancements and user-facing labels tailored for Auction Market Theory, scalping, and structure-based trade setups. Key updated Featured: Multiple previous day's IB levels carry forward into the current day's chart, as opposed to just the previous day's levels carrying forward to the new IB time. 🙌 Credits: This script builds upon the excellent open-source work by @noop-noop. Original script available here .
Chỉ báo Pine Script®
của traderdrysdale
18
Initial balance - weeklyWeekly Initial Balance (IB) — Indicator Description The Weekly Initial Balance (IB) is the price range (High–Low) established during the week’s first trading session (most commonly Monday). You can measure it over the entire day or just the first X hours (e.g. 60 or 120 minutes). Once that session ends, the IB High and IB Low define the key levels where the initial weekly range formed. Why Measure the Weekly IB? Week-Opening Sentiment: Monday’s range often sets the tone for the rest of the week. Trading above the IB High signals bullish control; trading below the IB Low signals bearish control. Key Liquidity Zones: Large institutions tend to place orders around these extremes, so you’ll frequently see tests, breakouts, or rejections at these levels. Support & Resistance: The IB High and IB Low become natural barriers. Price will often return to them, bounce off them, or break through them—ideal spots for entries and exits. Volatility Forecast: The width of the IB (High minus Low) indicates whether to expect a volatile week (wide IB) or a quieter one (narrow IB). Significance of IB Levels Breakout: A clear break above the IB High (for longs) or below the IB Low (for shorts) can ignite a strong trending move. Fade: A rejection off the IB High/Low during low momentum (e.g. low volume or pin-bar formations) offers a high-probability reversal trade. Mid-Point: The 50% level of the IB range often “magnetizes” price back to it, providing entry points for continuation or reversal strategies. Three Core Monday IB Strategies A. Breakout (Open-Range Breakout) Entry: Wait for 1–2 candles (e.g. 5-minute) to close above IB High (long) or below IB Low (short). Stop-Loss: A few pips below IB High (long) or above IB Low (short). Profit-Target: 2–3× your risk (Reward:Risk ≥ 2:1). Best When: You spot a clear impulse—such as a strong pre-open volume spike or news-driven move. B. Fade (Reversal at Extremes) Entry: When price tests IB High but shows weakening momentum (shrinking volume, upper-wick candles), enter short; vice versa for IB Low and longs. Stop-Loss: Just beyond the IB extreme you’re fading. Profit-Target: Back toward the IB mid-point (50% level) or all the way to the opposite IB extreme. Best When: Monday’s action is range-bound and lacks a clear directional trend. C. Mid-Point Trading Entry: When price returns to the 50% level of the IB range. In an up-trend: buy if it bounces off mid-point back toward IB High. In a down-trend: sell if it reverses off mid-point back toward IB Low. Stop-Loss: Just below the nearest swing-low (for longs) or above the nearest swing-high (for shorts). Profit-Target: To the corresponding IB extreme (High or Low). Best When: You see a strong initial move away from the IB, followed by a pullback to the mid-point. Usage Steps Configure your session: Measure IB over your chosen Monday timeframe (whole day or first X hours). Choose your strategy: Align Breakout, Fade, or Mid-Point entries with the current market context (trend vs. range). Manage risk: Keep risk per trade ≤ 1% of account and maintain at least a 2:1 Reward:Risk ratio. Backtest & forward-test: Verify performance over multiple Mondays and in a paper-trading environment before going live.
Chỉ báo Pine Script®
của Alpachino97
[TTM] ICT Sessions & Ranges🌟 Overview 🌟 The ICT Sessions & Ranges Indicator helps traders identify key intraday price levels by marking custom session highs/lows and opening ranges. It helps traders spot potential liquidity grabs, reversals, and breakout zones by tracking price behavior around these key areas 🌟 Session Highs & Lows – Liquidity Zones 🌟 Session highs and lows often attract price due to stop orders resting above or below them. These levels are frequently targeted during high-volatility moves. 🔹 Asia Session - Usually ranges in low volatility. - Highs/lows often get swept during early London. - Price may raid these levels, then reverse. 🔹 London Session - First major volatility of the day. - Highs/lows often tested or swept in New York. - Commonly forms the day’s true high or low. 🌟 Opening Range Concepts 🌟 The Opening Range is the first 15, 30, or 60 minutes of a session (e.g., New York). The high (ORH) and low (ORL) define the market’s initial balance and key reaction levels. 🔹 Breakout Trade - Price breaks ORH/ORL with momentum. - Signals directional intent. - Traders enter on the breakout, with stops inside the range. 🔹 Liquidity Raid - Price briefly breaks ORH/ORL to trigger stops. - Reverses after the sweep. - Look for structure shift and entry near FVG or OB. 🌟 Customizable Settings 🌟 The indicator includes 3 configurable ranges , each with: Start & End Time – Set any custom time window. Display Type – Choose Box (highlight range) or Lines (mark high/low). Color Settings – Set custom colors for boxes and lines. 🌟 Default Settings 🌟 Range 1 : 19:00–00:00 (Asia Session) Range 2 : 01:45–05:15 (London Session) Range 3 : 09:30–10:00 (NY Opening Range – 30m)
Chỉ báo Pine Script®
của TheTickMagnet
12
VWAP 2.0 with desv + Initial Balance by RiotWolftrading🌟 Overview This powerful tool is designed for traders who want to harness the power of the Volume Weighted Average Price (VWAP) alongside session-based ranges to make informed trading decisions. Whether you're a day trader or a swing trader, this indicator provides a clean and effective way to identify support, resistance, and market trends—all in one place! 💡 ✨ Key Features Auto-Anchored VWAP 📊 Automatically calculates the VWAP based on a user-defined anchor period (e.g., Daily, Weekly, Monthly). Resets at the start of each period (e.g., daily for a Daily anchor). Displays a customizable VWAP line with standard deviation bands to highlight key price levels. Standard Deviation Bands 📏 Plots up to three sets of standard deviation bands above and below the VWAP (multipliers: 1.0, 2.0, 3.0). Includes volume percentage labels to show where trading volume is concentrated. 📉 Session High/Low Range 🕒 Identifies the high and low prices within a customizable session (default: 12:00 to 15:31). Draws horizontal lines at the session high and low, with dotted deviation lines for additional reference points. Perfect for spotting key levels during your trading session! 🔑 Time-Based Range Box ⏰ Highlights a specific time window (default: 15:40 to 15:50) with a colored box showing the high and low prices. Ideal for tracking price action during high-impact events like news releases or market opens. 📅 Alerts 🚨 Set up alerts for when the price crosses above or below the VWAP—never miss a potential trading opportunity! ⚙️ Settings Customize the indicator to fit your trading style with these easy-to-use settings: VWAP Settings Timezone 🌍: Select your timezone (default: GMT+2) to align calculations with your local time. VWAP Source 📈: Choose the price source for VWAP (default: hlc3 - average of high, low, close). Std Deviation Multipliers 📐: Adjust the multipliers for the bands (default: 1.0, 2.0, 3.0). Line Width ✏️: Set the thickness of the VWAP and band lines (default: 1). Session Time ⏳: Define the session window for VWAP calculations (default: 08:00-18:00, all days). Show Upper/Lower Bands 👀: Toggle visibility for each set of bands (default: Band 1 visible, Bands 2 & 3 hidden). Range Settings Range Start/End Time 🕙: Set the time window for the range box (default: 15:40 to 15:50). Box Color 🎨: Customize the border color (default: blue). Box Background Color 🖌️: Adjust the background color (default: light aqua, 90% transparency). I created this indicator to provide a streamlined, clutter-free tool for traders who rely on VWAP and session-based analysis. It focuses on the essentials—VWAP, standard deviation bands, session high/low, and range box—without unnecessary overlays. I hope it helps you in your trading journey! If you have feedback or suggestions, feel free to share—I’d love to hear from you! 😊
Chỉ báo Pine Script®
của anarkiacapital
Weekly Initial BalanceWeekly Initial Balance Indicator The Weekly Initial Balance (IB) indicator is a powerful tool designed for traders to identify key support and resistance levels based on the market's initial activity at the start of each week. By analyzing the first 30 hours of trading. Key Features: Customizable IB Period: Define the start hour and duration of the initial balance period to suit your trading schedule and the specific market you are analyzing, I have it set at 30 hours by default. IB High, Low, and Midpoint Levels: Automatically plots the high, low, and midpoint of the IB period, providing immediate visual reference to critical price levels. Extension Levels: Calculate and display extension levels based on customizable percentages (e.g., 50%, 100%, 150%), allowing you to project potential breakout targets and identify areas of interest beyond the initial balance range. Dynamic Lines and Labels: The indicator updates in real-time, extending lines and repositioning labels as new bars form, ensuring you always have the most current information. Customizable Appearance: Adjust line styles, widths, colors, and label positions to match your charting preferences and improve visual clarity. How to Use: Set the IB Parameters: Week Start Hour (UTC): Specify the hour when the weekly IB period begins. I use 1800EST as that is when the futures market opens. IB Duration in Hours: Define how many hours constitute the IB period. Configure Extension Levels: Input the desired extension percentages to calculate levels beyond the IB range. Customize Visual Settings: Adjust line colors, styles, widths, and label offsets to tailor the indicator's appearance. Interpret the Levels: Use the IB high and low as immediate support and resistance levels. Monitor the midpoint for potential pivot areas. Watch for price interactions with extension levels to anticipate breakouts or reversals. Benefits: Identify Key Weekly Levels: Understand the market's initial sentiment each week to gauge potential trends. Enhance Trading Strategies: Incorporate the IB levels into your trading plan for better entry and exit points. Adaptable to Various Markets: Suitable for Forex, commodities, indices, and other markets where weekly analysis is beneficial.
Chỉ báo Pine Script®
của Robwhitlow3
6
GG - LevelsThe GG Levels indicator is a tool designed for day trading U.S. equity futures. It highlights key levels intraday, overnight, intermediate-swing levels that are relevant for intraday futures trading. Terminology RTH (Regular Trading Hours): Represents the New York session from 09:30 to 17:00 EST. ON Session (Overnight Session): Represents the trading activity from 17:00 to 09:29 EST. IB (Initial Balance): The first hour of the New York session, from 09:30 to 10:30 EST. Open: The opening price of the RTH session. YH (Yesterday's High): The highest price during the RTH session of the previous day. YL (Yesterday's Low): The lowest price during the RTH session of the previous day. YC (Yesterday's Close): The daily bar close which for futures gets updated to settlement. IBH (Initial Balance High): The highest price during the IB session. IBL (Initial Balance Low): The lowest price during the IB session. ONH (Overnight High): The highest price during the ON session. ONL (Overnight Low): The lowest price during the ON session. VWAP (Volume-Weighted Average Price): The volume-weighted average price that resets each day. Why is RTH Important? Tracking the RTH session is important because often times the overnight session can be filled with "lies". It is thought that because the overnight session is lower volume price can be pushed or "manipulated" to extremes that would not happen during higher volume times. Why is the ON Session Important Then? Just because the ON session can be thought as a "lie" doesn't mean it is relevant to know. For example, if price is stuck inside the ON range then you can think of the market as rotational or range-bound. If price is above the ON range then it can be thought of as bullish. If price is below the ON range then it can be thought as bearish. What is IB? IB or initial balance is the first hour of the New York Session. Typically the market sets the tone for the day in the first hour. This tone is similarly a map like the ON session. If we are above the IBH then it is bullish and likely a trend day to the upside. If we are below the IBL then it is bearish and likely a trend day to the downside. If we are in IB then we want to avoid conducting business in the middle of IBH and IBL to avoid getting chopped up in a range bound market. These levels are not a holy grail You should use this indicator as guide or map for context about the instrument you are trading. You need to combine your own technical analysis with this indicator. You want as much context confirming your trade thesis in order to enter a trade. Simply buying or selling because we are above or below a level is not recommended in any circumstance. If it were that easy I would not publish this indicator. Adjustments In the indicator settings you can adjust the RTH, ON, and IB session-time settings. All of the times entered must be in EST (Eastern Standard Time). You may want to do this to apply the levels to a foreign market. Examples
Chỉ báo Pine Script®
của GoodGains
2
RD Opening Range/Initial BalanceIntroducing the RD Opening Range/Initial Balance indicator. The opening range is the first 60 minutes of trading action for a given day (High, Mid, and Low). The market tends to put significance in these levels, that's why we use them in our trade system. There is also a data panel: Today - Today's opening range value W-Avg - This weeks average 20D CA-OH - the total number of closes above the opening range over the last 20 days (above high) 20D CA-OL - the total number of closes below the opening range over the last 20 days (below low) * We do plan to add additional data points. * Only the last OR has labels, we will not be adding them or an option in the future. * Full customization in setting panel. Color of lines, background, no display of data panel and more. How to Use These levels act as dual magnets. They both attract price and repel price. You use price action and rules to decipher if price is being attracted or repelled. You will notice as you use this indicator that price respects these levels. Often when answering the 3Qs one of these levels is in play. During the cash market these levels play a significant role in price action. Even during the Globex/Overnight session these levels are a factor. Circle areas are examples of price reactions at OR key levels: If you trade with the RDTS you already know how to use these levels as reaction and target zones. For clues on which level price is being repelled or attracted I'd suggest you utilize bias and momentum indicators like the RDA. Initial Balance vs Opening Range Before we move on and discuss how to use this indicator I want to mention what I consider the difference between the Opening Range and the Initial Balance. I've adopted the Opening Range verbiage for the first 60 minutes of trading even though the Opening Range is often defined as the first 15m or first 30m. The more accurate term for the first 60m should be Initial Balance. I'm not sure exactly where this originated but I learned this term when I was heavily trading TPO-- the IB is the first 2 30m blocks of trading. Any questions or improvements just comment below. This script was created in by both Bhangerang (an Alpha member of the RDTS) with help by @RexDogActual as well as permission to publish.
Chỉ báo Pine Script®
của RexDogActual
4
Initial Balance |ASE|Introduction Initial Balance (IB) refers to the price data that is formed during the first hour of a trading session. It is an important concept in trading as it provides insights into the market's opening sentiment and potential trading opportunities or reversals for the day. There are multiple trading sessions throughout the day. The most popular, the NY Session, is open from 9:30 am to 4:00pm EST making the Initial Balance(IB) range the first hour (9:30-10:30) The other sessions include London, Tokyo, and Sydney. IB Customization The Initial Balance lines are fully customizable to fit the traders need. Show Initial Balance This setting will plot the Initial Balance Fill/Extend IB Range The Fill IB Range toggle fills the area in between the IB High and IB Low. Use the IB Fill Color option to change the fill color in the “Line Settings” group on the settings panel. The Extend IB Range extends the IB lines until the market closes. Show 1x/2x Extensions The Show 1x Extension toggle displays 1 times the IB range line (IB High - IB Low) above IB High and 1 times the IB range line below IB Low. The Show 2x Extension toggle displays the 2 times the IB range line (IB High - IB Low) above IB High and 2 times the IB range line below IB Low. *Use the Extension Level Color in the “Line Settings” to change the color of the lines. Show Middle Levels The Show Middle Levels toggle shows all the 50% lines between the upper 2x and upper 1x line, upper 1x and IB high, IB high and IB low, IB low and lower 1x line, and the lower 1x and lower 2x line. *Use the Mid Level Color in the “Line Settings” to change the color of the lines. Delete Previous Day’s Levels This setting will only show the current day's Initial Balance and delete all previous day levels to produce a clean chart. How To Use: The Initial Balance Range can support a bias as it shows the opening market sentiment. By watching price action interact with the Initial Balance Range we can watch for indications of trending or failing moves at the high or the low and overall a ranging or trending session. The extension levels are projections as to where price could potentially reach in a trending market. If we are bullish and trending higher, we would want to see price reach the first extension, signs of strength at these levels can be used as confirmation to target other levels. Overall, all these levels can and should be used as support and resistance levels, and as always, can not be used by themselves and require additional confirmation, whether that be an indicator or price action. Below you can see chart examples of these levels in action.
Chỉ báo Pine Script®
của AseAlgo
11
Opening Range, Initial Balance, Opening PriceThis script draws Opening Range, Initial Balance and Opening Price with options to show mid levels. By default, lines changes color depending on whether closing price is above or below the lines. Red if price is below, green if price is above. Colors and line styles are all configurable. Options to change label positions. Some definitions: Opening Range - The opening range is high and low for a given period after the market opens. This period is generally the first 30 or 60 minutes of trading Initial Balance - WRT to TPO profile chart, the Initial Balance is the price range resulting from the market’s trade during the first two 30 minute periods of the regular trading hours session. Why is this useful? The first hour of the trading day is the most active and dynamic period. The price range defined by this period of trading creates some key support / resistance levels for the rest of the day. Example below:
Chỉ báo Pine Script®
của PtGambler
15
BTMM OFJ FOR BEST RESULTS PLEASE SWITCH TO LINE CHART OR DISABLE THE CHART CANDLES. BELOW IS A LINE WITH OPACITY TURNED DOWN TO 15% ASIA, LONDON, AND NEW YORK SESSIONS CAN BE CUSTOMIZED (1ST 3 HRS DEFAULT) VOLUME CANDLES CAN BE APPLIED WITH SUPPLY AND DEMAND OR MARKET MAKER METHOD. IN A STRONG TREND YOU WANT TO SEE REPEATED HIGH VOLUME CLUSTERS IN THE DIRECTION OFTHE TREND AND FADING LOW VOLUME ON THE RETRACE BASICK KEY LEVELS WEEKLY INITIAL BALANCE (MONDAY+TUESDAY HIGHEST HIGH AND LOWEST LOW) YESTERDAY AND LASY WKHI/LO QUICK APPLICATON
Chỉ báo Pine Script®
của MatrixEdge
2
iBox, Initial Balance | IB High, Low, Midpoint | OpeningThis Indicator will print basically 4 lines. You have to understand the importance of the "Initial Balance" the first trading hour of Cash session is very important in trading stocks and indizes. So you will get 4 lines: Opening Initial Balance High Initial Balance Low Initial Balance Midpoint/Halfback Most indicators for Range Box, Opening Trade, Opening Range, Initial Balance, iBOX and "Ultimate Lines" will only use the timezone of the exchange or your own timezone. I'm living in europe and we have this daylight saving time change in Summer/Winter - which will cause problems with most of the existing indicators or at least will push you to change the times regularly. Another important point: I really like to switch the indizes when trading on my mobile. So what will happen when you set up opening range for DAX at 09:00 and then switch to S&P500? All indicators I tried failed here - they will just draw a wrong line for SPX, NDX, DJI, FTSE, ASX etc. I fixed that and hard coded stock exchanges and ticker symbols into 3 main groups Initial Balance EU/US/Asia For example we take DAX - XETRA DAX is opening at 09:00 MEZ (Europe/Berlin) The Initial Balance is set during the H1 Candle from 09:00 - 09:59 Please be aware, that some cash indizes only deliver data to TradingView after the "opening auction" - so for Xetra DAX you have to book live data and often you will only see data at 09:02/09:03 after the opening auction. So you will get different opening lines compared from cash to future or your CFD provider. Future and CFD should fit for 99% The Opening Line will be drawn at exactly 09:00 IB High on the highest price during the H1 candle IB Low on the lowest price during the H1 candle IB Halfback is simple: (IB High + IB Low) / 2 The lines will be drawn from cash start until next day and will end 2 minutes before the next cash session will start again. Please make your own experience! Activate the indicator for a CFD or Future switch to M15 and watch the wicks around the 4 lines. Even in the night or the next morning before the next Initial Balance will be set. For me the lines are valid for around 24 hours and often longer. That's why it's good to have the old lines on the chart too. To-do: Yesterday high / low / close / halfback (also for last week and month) Labels for the lines - sometimes only the colors will confuse you - a simple label should be a benefit (IB_h, IB_l, IB_1/2, 1D_o) Range Lines for Asia Range and Premarket Range - additionaly a parameter to disable premarket lines when premarket is trading in asia range. Add Alert condition to get alerts after IB is set If you have and thoughts, ideas or improvements, please send me an message or leave an comment! Like i said, the stock exchanges and ticker symbols are hard coded and can be extended for all relevant assets. Have fun and i really hope this indicator will help improving your trading experience!
Chỉ báo Pine Script®
của Roul_Charts
36
CPR_Previous Day Ranges_Initial BalanceHello Traders, This script best works on Indian Index (Tested on BANKNIFTY & NIFTY) This indicator can be used only for day trading (intraday: ex: 5min, 15min Timeframes) on indices. This script helps to plot 1. Central Pivot Range(CPR) 2. Previous Day Ranges (PDH & PDL) 3. Initial Balance(IB) brief description of indicators: 1. CPR: Central Pivot Range --> This indicator helps to identify key price points to set up trades. CPR is beneficial for intraday trading. 2.Previous Day Ranges: These ranges will help to understand the current day market. PDH: Previous Day High value on current day PDL: Previous Day Low value on current day 3.Initial Balance(IB):This indicator will help in day trading. IB will plot current day first 1hr high, low & mid values. Disclaimer: This indicator can be used as refrence only. This has been tested on Banknifty and Nifty indices on day trading 5 minutes and 15 minutes timeframe. Understand yourself to knowledge of different trading methods.
Chỉ báo Pine Script®
của PIVOT-TRADE_ZONE
13