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Initial Balance - (IB)Hello Traders, --->> Initial Balance (IB) which plays a very important role in Day Trading, that can be used as a referance area <<--- This indicator plots the 1 Hr IB high and low area that can be used as a tool for trading decision. Will be very helpful to the traders who has idea about Volume Profile trading. Just a note : If the IB is narrow compared to the prev day then one can expect a breakout, if IB is extended then the day might be oscillating inside the area only. nothing fancy :))) cheers, enjoy Sanjay Ramanathan
Pine Script™ indicator
by sanjay_ramanathan
23
Belkhayate Timing [LazyBear]--- Update April 11, 2015 ---- I have merged in @TheMighyChicken's code (Thanks!) and added some more options. Updated source here - pastebin.com Changes: -------------- - Switch between plain candles and colored oscillator candles. - Switch between candles and plain oscillator view. --- Original Description --- Belkhayate Timing, by Mostafa Belkhayate, is very famous in the Forex groups. This is a port from one of the MT4 versions available. If you have used this in other platforms, do let me know if this looks compared to those. The usage is similar to that of ValueChart (). The middle area is the centroid or neutral area, the shaded regions (red/green) are extreme and beyond those are AlertZones. This seems to be used in conjunction with his other indicators, but, in my limited testing, I have seen this give a lot of good signals, especially on divergences. Indicator allows coloring bars based on the oscillator position or show oscillator histogram (Check the options page). Histogram=ON: No Oscillator Smoothing: @TheMightyChicken Can you do your candle magic on this oscillator too, just like you did for ValueChart? :) More Info: www.forexfactory.com List of my public indicators: bit.ly List of my app-store indicators: blog.tradingview.com
Pine Script™ indicator
by LazyBear
15