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IB + Extensions
Updated
Initial Balance with Extensions.
Other traders have posted similar indicators. I wrote my own because I wanted additional features.
Features:
You may notice the midpoint of past IB's looks different than the current IB . There is a technical reason for this that I won't go into here. Ask if you want the full explanation.
NOTE: This indicator was designed for the crypto charts. It may have some rendering issues when used with other markets.
Other traders have posted similar indicators. I wrote my own because I wanted additional features.
Features:
- Supports up to 9 extensions. Default = 3.
- Each extension is filled using an automatic gradient. Fill can be disabled if you like.
- IB levels extend into the future to the end of the current session.
- By default only the current IB levels are shown, but you can enable past IB's as well.
- When showing past IB's, each session has a clean break - no awkward lines connecting one session to the other (this really annoyed me about other IB indicators!)
- The IB midpoint is also supported. It is on by default, but can be disabled.
You may notice the midpoint of past IB's looks different than the current IB . There is a technical reason for this that I won't go into here. Ask if you want the full explanation.
NOTE: This indicator was designed for the crypto charts. It may have some rendering issues when used with other markets.
Release Notes
Added labels for all current IB levelsRelease Notes
Changed displayed indicator name only
Disclaimer
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