PROTECTED SOURCE SCRIPT
IB+ [Intromoto]
Hey traders,
This is a script that calculates the Initial Balance , which is the range of the first hour per trading session/day.
The pink and green lines are the high and respective low extension multiples, up to x12 the IB .
White line in the center is the middle of the IB , and the orange lines above and below are the 1/4 and 3/4 fractions of the IB .
IB is filled black to make the IB a bit more obvious.
The IB can be used to determine the direction/trend of price intraday or for swing trades.
S/R or pivot levels often occur at current or past IB extensions.
Reuploaded for code protection and for further edits.
This is a script that calculates the Initial Balance , which is the range of the first hour per trading session/day.
The pink and green lines are the high and respective low extension multiples, up to x12 the IB .
White line in the center is the middle of the IB , and the orange lines above and below are the 1/4 and 3/4 fractions of the IB .
IB is filled black to make the IB a bit more obvious.
The IB can be used to determine the direction/trend of price intraday or for swing trades.
S/R or pivot levels often occur at current or past IB extensions.
Reuploaded for code protection and for further edits.
Protected script
This script is published closed-source and you may privately use it freely.
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DM for access.
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