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 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.
Thank you for sharing the indicator with us, I love it! I noticed that some of the past IBs are not calculated correctly, (backtested on BTCUSDT PERP). When backtesting on 5 min. chart, the IB starts at 0:55 UTC and does not include the last candle. Do you have any idea why?
ComprareBitcoin
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Thanks
argent_torso
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Hi, thank you for sharing this!! is ther any possibility to adjust the IBs to different sessions? BR
ImaWrknMan
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@argent_torso, I tried before publishing it, but had some struggles - probably lack of understanding on my part. It's a feature I do hope to add at some point, though.