Chonky Initial Balance (crypto) — Indicator by Chonky_

volatility trendanalysis chonky initial balance crypto ib range level levels

Plots the Initial Balance for crypto assets.
I use it for XBTUSD specifically.

The Initial Balance range is an area watched by Market/Volume Profile traders.
The idea behind it is that participants will start the day with a premeditated bias towards the market, and this is the first glimpse into how the rest of the day may unfold.

Access: DM me and I will consider granting access

Release Notes:

Converted to horizontal lines.
Added labels

Release Notes:

fixed misspellings in settings

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Chonky_ for more information, or follow the author's instructions below.

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Disclaimer

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