Initial Balance and extensions

Hello Traders,

This script displays the Initial Balance : High and Low values based on market opening between 00h-01h am UTC .
This location can be very useful for intraday traders.

The script can also display higher and lower extensions, that can be useful for entry point, stop loss or take profit.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?


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