TradingView
Bartjs
18 jan 2021 11:08

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

XERO LIMITEDASX

Beskrivning

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.

Versionsinformation

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.

Versionsinformation

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.

Versionsinformation

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

Versionsinformation

Updated and cleaned up the IB indicator
Kommentarer
ArghaB
Thank you for the indicator. Kindly guide how this "look back two day trading days " in calculating "close" helps in trading as I am not congnizant of the theory behind it . As normal PDC and this adjusted close are different and I see some price action on the adjusted levels , which is a brilliant one .
Mer