Initial Balance with Extensions. 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...
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...
Support and Resistance Levels + Zones for 3 time frames, based on volume at fractal levels with Zones based on wick size which is a true reflection of a Zone when compared to other S/R Zone scripts which only use a thick line not based on anything. Original script is thanks to synapticex I have just migrated to version 3, heavily modified it and added Support and...
The Fibonacci Bollinger Bands indicator is based on the same principles as the standard Bollinger Bands indicator developed by John Bollinger. The Fibonacci Bollinger Bands indicator bases its upper and lower bands on volatility just like the Bollinger Bands indicator does, but instead of using standard deviation as the measure of volatility, a Wilders Smoothed...