Initial Balance (IB) and Previous Day / Week High, Low & Close

Plots Historical key levels for volume profile idea.

Plots the following:
- Previous Day High
- Previous Day Low
- Previous Day Close
- Previous Day IB High
- Previous Day IB Low
- Current Days IB High
- Current Days IB Low

IB is based on first hour of trading.

Made specifically for ASX stocks, have not tested it on other exchanges or assets.

Release Notes

Fixed bugs

The indicator will now create a IB area for the current day, and shade it, and store details of previous days IB session and display it as a plot line.

Historical IB's can be switched on and viewed via settings.

IB session length can be altered in the settings.

Release Notes

Just updated how high and low is sourced for IB so that its real price, and is not effected by changing to Heikin ashi candles, or others.

Release Notes

updated error in IB being updated all day rather than just IB time.

Release Notes

Updated and cleaned up the IB indicator

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.

Bartjs

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Open-source script

For quick access on a chart, add this script to your favorites — learn more here.

Bartjs