OPEN-SOURCE SCRIPT
Intial Balance VAH/VAL/POC
This is an indicator that can be used to show the Initial Balance volume area profile. The initial balance occurs during the first hour, 9:30 - 10:30 and those lines remain fixed throughout the day. The vol profile bars are also part of what this says, a P shaped profile, for instance, with a move above VAH suggests a trending day up.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.