OPEN-SOURCE SCRIPT
IB Multi by Dr-Ram
IB Multi by Dr-Ram
Plots the Initial Balance (IB) of a trading session on three timeframes at once: 1 hour, 15 minutes and 5 minutes. Each IB can be turned on or off separately from the settings.
Credit: This script is based on "Initial Balance Key levels + Expansions" by Jmorgan11 (Joey Morgan), used under the Mozilla Public License 2.0. Thank you Joey for the original work.
WHAT'S NEW IN THIS VERSION
- IB for 1H, 15m and 5m, each with its own on/off switch (original: first hour only)
- Separate expansions switch for each IB, so the chart stays clean
- Labels are tagged (1H / 15m / 5m) so you always know which IB a level belongs to
- Dashboard with one column per active IB
- Converted to Pine Script v6
WHAT IT DRAWS
- IB High and IB Low
- 50% midline
- 25% and 75% quartile lines
- Shaded box over the IB window
- Expansion targets above and below the IB: 0.5x, 1.0x, 1.5x, 2.0x, 2.5x, 3.0x, plus two custom multipliers
SESSIONS
Asian (Tokyo), London, New York, Globex, Shanghai, or Custom. Presets are anchored to their own exchange timezone. For Custom, only the start time is used; the IB length comes from the 1H / 15m / 5m toggles.
DASHBOARD
IB status (Forming / Locked), IB range, ATR, range as % of ATR, current position (inside / above / below IB), distance to breakout, and IB volume. Every row can be hidden.
HOW TO USE
1. Choose the session and turn on the IB timeframes you want.
2. Choose which IBs should also show expansions.
3. Adjust colors, line styles and dashboard in the settings.
NOTES
- Works on intraday charts below 60 minutes only.
- The 15m IB needs a chart timeframe of 15 minutes or lower, and the 5m IB needs 5 minutes or lower.
- TradingView limits drawings to 500 lines/labels, so with several IBs and expansions on, older days disappear sooner. Turn off "Show Historical Levels" or some expansions if needed.
This script is open-source and is for educational and informational purposes only. It is not financial advice.
Plots the Initial Balance (IB) of a trading session on three timeframes at once: 1 hour, 15 minutes and 5 minutes. Each IB can be turned on or off separately from the settings.
Credit: This script is based on "Initial Balance Key levels + Expansions" by Jmorgan11 (Joey Morgan), used under the Mozilla Public License 2.0. Thank you Joey for the original work.
WHAT'S NEW IN THIS VERSION
- IB for 1H, 15m and 5m, each with its own on/off switch (original: first hour only)
- Separate expansions switch for each IB, so the chart stays clean
- Labels are tagged (1H / 15m / 5m) so you always know which IB a level belongs to
- Dashboard with one column per active IB
- Converted to Pine Script v6
WHAT IT DRAWS
- IB High and IB Low
- 50% midline
- 25% and 75% quartile lines
- Shaded box over the IB window
- Expansion targets above and below the IB: 0.5x, 1.0x, 1.5x, 2.0x, 2.5x, 3.0x, plus two custom multipliers
SESSIONS
Asian (Tokyo), London, New York, Globex, Shanghai, or Custom. Presets are anchored to their own exchange timezone. For Custom, only the start time is used; the IB length comes from the 1H / 15m / 5m toggles.
DASHBOARD
IB status (Forming / Locked), IB range, ATR, range as % of ATR, current position (inside / above / below IB), distance to breakout, and IB volume. Every row can be hidden.
HOW TO USE
1. Choose the session and turn on the IB timeframes you want.
2. Choose which IBs should also show expansions.
3. Adjust colors, line styles and dashboard in the settings.
NOTES
- Works on intraday charts below 60 minutes only.
- The 15m IB needs a chart timeframe of 15 minutes or lower, and the 5m IB needs 5 minutes or lower.
- TradingView limits drawings to 500 lines/labels, so with several IBs and expansions on, older days disappear sooner. Turn off "Show Historical Levels" or some expansions if needed.
This script is open-source and is for educational and informational purposes only. It is not financial advice.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.