OPEN-SOURCE SCRIPT
Samir's IB
# Initial Balance Pro – Dual Session Breakout
Initial Balance Pro is a comprehensive Initial Balance (IB) trading tool designed for traders who rely on breakout strategies. It automatically identifies and plots the Initial Balance for two customizable trading sessions, providing a complete framework for planning entries, exits, and risk management.
## Features
* 📊 Automatically plots Initial Balance High, Low, and Midpoint.
* 📦 Highlights two Initial Balance sessions:
* Session 1: 10:30 AM – 11:15 AM (ET)
* Session 2: 6:30 PM – 7:00 PM (ET)
* 📈 Draws extension levels from ±0.1 to ±1.0 times the Initial Balance range.
* 🚀 Detects bullish and bearish breakouts once the Initial Balance is complete.
* 🎯 Automatically calculates and displays Entry, Take Profit, and Stop Loss levels.
* ⚙️ Fully customizable take-profit multiples, risk settings, colors, and visibility options.
* 🔔 Built-in TradingView alerts for breakout entries, profit targets, and stop-loss events.
* 🧹 Automatically removes completed trade levels once a trade reaches its target or stop, keeping charts clean and uncluttered.
## How It Works
1. The indicator records the Initial Balance during each selected session.
2. After the session closes, the Initial Balance High, Low, Midpoint, and extension levels are plotted.
3. When price breaks above the Initial Balance High or below the Initial Balance Low, the indicator projects an entry, stop loss, and take profit based on the configured Initial Balance range multiplier.
4. Once the trade is completed, all related drawings are automatically removed to prepare for the next trading opportunity.
## Best For
* Futures traders
* Index traders
* Intraday breakout strategies
* Initial Balance and Market Profile traders
* Traders seeking objective entry and risk-management levels
## Disclaimer
This indicator is provided for educational and informational purposes only. It is not financial advice and should not be used as the sole basis for trading decisions. Always perform your own analysis and practice proper risk management.
Initial Balance Pro is a comprehensive Initial Balance (IB) trading tool designed for traders who rely on breakout strategies. It automatically identifies and plots the Initial Balance for two customizable trading sessions, providing a complete framework for planning entries, exits, and risk management.
## Features
* 📊 Automatically plots Initial Balance High, Low, and Midpoint.
* 📦 Highlights two Initial Balance sessions:
* Session 1: 10:30 AM – 11:15 AM (ET)
* Session 2: 6:30 PM – 7:00 PM (ET)
* 📈 Draws extension levels from ±0.1 to ±1.0 times the Initial Balance range.
* 🚀 Detects bullish and bearish breakouts once the Initial Balance is complete.
* 🎯 Automatically calculates and displays Entry, Take Profit, and Stop Loss levels.
* ⚙️ Fully customizable take-profit multiples, risk settings, colors, and visibility options.
* 🔔 Built-in TradingView alerts for breakout entries, profit targets, and stop-loss events.
* 🧹 Automatically removes completed trade levels once a trade reaches its target or stop, keeping charts clean and uncluttered.
## How It Works
1. The indicator records the Initial Balance during each selected session.
2. After the session closes, the Initial Balance High, Low, Midpoint, and extension levels are plotted.
3. When price breaks above the Initial Balance High or below the Initial Balance Low, the indicator projects an entry, stop loss, and take profit based on the configured Initial Balance range multiplier.
4. Once the trade is completed, all related drawings are automatically removed to prepare for the next trading opportunity.
## Best For
* Futures traders
* Index traders
* Intraday breakout strategies
* Initial Balance and Market Profile traders
* Traders seeking objective entry and risk-management levels
## Disclaimer
This indicator is provided for educational and informational purposes only. It is not financial advice and should not be used as the sole basis for trading decisions. Always perform your own analysis and practice proper risk management.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.