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Initialbalance

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
Pine Script®指标
由midst提供
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 ``` ---
Pine Script®指标
由alexandrodisla提供
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.
Pine Script®指标
由Demech提供
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.
Pine Script®指标
由LuxAlgo提供
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 .
Pine Script®指标
由traderdrysdale提供
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.
Pine Script®指标
由Alpachino97提供
[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)
Pine Script®指标
由TheTickMagnet提供
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! 😊
Pine Script®指标
由anarkiacapital提供
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.
Pine Script®指标
由Robwhitlow3提供
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
Pine Script®指标
由GoodGains提供
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.
Pine Script®指标
由RexDogActual提供
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.
Pine Script®指标
由AseAlgo提供
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:
Pine Script®指标
由PtGambler提供
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
Pine Script®指标
由MatrixEdge提供
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!
Pine Script®指标
由Roul_Charts提供
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.
Pine Script®指标
由PIVOT-TRADE_ZONE提供
13
Initial BalanceThis script calculates and draws the initial balance price levels which can be really interesting for intraday activities. Note: Obviously, you need to wait for the calculation period to finish in order to see your daily levels The tool includes the following options Customization of the session used to calculate the initial balance (default 0930-1030) Show/Hide the calculation period (as a background color) Show/Hide extra levels (report the IBH-IBL delta above and under the IB area) Show/Hide intermediate levels (displays 50% price levels in the IB and extra areas) Show labels (Display levels names as well as their price on corresponding lines) Levels names: - IBH (Initial Balance High) - IBH (Initial Balance Low) - IBM (Initial Balance Middle) - IBH x2 - IBL x2 Default colors are green for high levels, red for low levels, and orange for intermediate levels Extend levels (extends the current levels to left/right/both/none sides of the chart)
Pine Script®指标
由noop-noop提供
40
Day ClueDay Clue Indicator live Market Information Day Clue Indicator plots days information like " Initial Balance and Range ", " Day Range ", " Current Day Volume (for NIFTY and BANKNIFTY it takes the future volume) ", " ATR ", if the scrip is NIFTY or BANKNIFTY then it shows the difference between SPOT and Future price so that trader will come to know future is trading at premium or discount,it shows current day name at bottom right corner, and it plots the Ema-20 and Ema-200. These information will update during live market. Information for Next Trading Session Day Clue Indicator plots " Previous Day High" , " Previous Day Low ", " Central Pivot Range-CPR with S1 and R1 ","It indicate tomorrow is Trading Day or Trading Holiday(other than Weekend Holidays)" these are information used for next day that will be plot today itself once market closed Limitations of Day Clue Indicator Day Clue Indicator only work in Indian Market(NSE and BSE) Day Clue Indicator only work in " 1-mins, 5-mins, 15-mins " Timeframes, if you switch to other timeframe like 30-mins,1-Hour, Daily then information will hide Thank You
Pine Script®指标
由Vignesh_vish提供
10
Koalafied Initial Balance Levels and ExtensionsShows the Initial Balance and range extensions for either the Daily session or individual market sessions (Asia, London, New York). Initial Balance is the range represented by the first two segments (typically half-hour segments) of a trading session. Range extensions are a function of the longer-term trader participation, pushing price outside of the beginning 'fair' range established by the local traders. With the introduction of 24/7 markets the initial balance is often now regarded as less important than in the past, however re-calculating IB for multiple trading sessions may reinstitute insight to Market Direction and Confidence
Pine Script®指标
由Koalafied_3提供
1
Single Prints - Session Initial BalancesDisclaimer: Expose yourself to the knowledge of different trading methods. If you are unaware of what a Single Print is then do some research and broaden your knowledge. This indicator has only been tested on BTCUSDT Binance pair. This indicator is meant to be used on the 30 minute timeframe to highlight Single Prints. The calculations are base on 0000 UTC and what Single Prints are created during that day. Single Prints Single Prints are where prices moves to fast through an area (on a 30 minute timeframe), in the case of this indicator in $50 intervals, where the price has not yet cross back past, represented as orange lines. If you were viewing this on a Time Price Opportunity Chart (TPO) each $50 would be represented as a square with a letter in it. If price has only been through that area once, within that 24 hour period, then it is called a Single Print. If however the Single Print is on the lower wick of the candle it is called a Buying Tail and on the Upper Wick a Selling Tail. Single Prints leave low volume nodes with liquidity gaps, these inefficient moves tend to get filled, and we can seek trading opportunities once they get filled, or we can also enter before they get filled and use these single prints as targets. Single Prints are a sign of emotional buying or selling as very little time was spent at those levels and thus there is no value there. The endpoints of single print sections are considered to be potential support or resistance points and or get filled (like a CME gap). The above is only a very short summary, to understand Single Prints, Buying Tails and Selling Tails more please do your own research (DYOR). References: Trading Riot Volume Profile - Website TOROS TPO Charts Explained - Youtube Session Boxes Session Boxes are the high and low of that markets session before the new market session opens. I used the data from the website Trading Hours for the time input. White box – Start of day UTC 0000 to Market Close UTC 2000 Purple box – Asia Start UTC 0130 to London Start UTC 0700 Yellow box – London Start UTC 0700 to New York Start UTC 1330 Blue box – New York Start UTC 1330 to Market Close UTC 2000 Red box – Market Close UTC 2000 to End of day UTC 2359 References: Trading Hours - Website Initial Balance The Initial Balance is the market range between the high and low of the first hour of trading for the market. In the case of crypto when is the Initial Balance if it is 24/7. Context of Initial Balance: The Initial Balance is traditionally the range of prices transacted in the first hour of trade. Many regard the Initial Balance as a significant range because, especially for the index futures which are tied to the underlying stocks, orders entered overnight or before the open are typically executed prior to the end of the first hour of trade. Some use it to understand how the rest of the day may develop, while others use it as a span of time to avoid trading altogether because of its potential volatility. For this indicator I have coded the Initial Balance time as below: White Box - To appear for the first hour of the day 0000 to 0100 UTC . Purple Box - To appear for the first hour of the day 0130 to 0230 UTC . Yellow Box - To appear for the first hour of the day 0700 to 0800 UTC . Blue Box - To appear for the first hour of the day 1330 to 1430 UTC . Red Box - To appear for the first hour of the day 2000 to 2100 UTC . The diagram above shows some examples: How price (white arrows) retraces the single prints. How price (red arrows) uses the single prints as S/R. References: Not Hard Trading – Website My Pivots Initial Balance - Website Thanks go to: StackOverFlow Bjorn Mistiaen Trading View user mvs1231 Please message me if you have any feedback/questions. I am looking at developing this indicator further in the future.
Pine Script®指标
由Frien_dd-DisDev提供
35