OPEN-SOURCE SCRIPT
IB Formation Order Box (Padded)
This script is an intraday quantitative tool designed to track institutional order flow during the New York Open (09:30 AM – 10:30 AM EST) by analyzing the chronological formation of the Initial Balance (IB).In auction market theory, the first hour of the New York session represents the period of highest volume and volatility, where institutional buyers and sellers aggressively fight to establish the boundaries of fair value for the day.
How to Read the Bottom-Right BoxAt 10:30 AM EST, the fixed box in the bottom right corner of your chart will immediately lock into one of two primary structural states:
1. 🟢 IB Low First (Bullish Structure)The Price Action: Between 09:30 AM and 10:30 AM EST, the absolute lowest price point occurred before the highest price point. (e.g., the low was made at 09:35 AM and the high at 10:15 AM).
The Market Context: This indicates that aggressive institutional buyers stepped in immediately at the New York open to absorb supply. Because they successfully defended this lower boundary, the IB Low is highly likely to hold as a structural floor for the remainder of the trading day.
2. 🔴 IB High First (Bearish Structure)The Price Action: Between 09:30 AM and 10:30 AM EST, the absolute highest price point occurred before the lowest price point. (e.g., the high was hit at 09:40 AM and the market sold off to make a lower low at 10:25 AM).
The Market Context: This shows that large-scale institutional supply or profit-taking slammed the market right at the opening bell. Because sellers capped the upside early, the IB High acts as a firm structural ceiling that is very difficult for retail traders to break above during the quiet afternoon session.
How to Read the Bottom-Right BoxAt 10:30 AM EST, the fixed box in the bottom right corner of your chart will immediately lock into one of two primary structural states:
1. 🟢 IB Low First (Bullish Structure)The Price Action: Between 09:30 AM and 10:30 AM EST, the absolute lowest price point occurred before the highest price point. (e.g., the low was made at 09:35 AM and the high at 10:15 AM).
The Market Context: This indicates that aggressive institutional buyers stepped in immediately at the New York open to absorb supply. Because they successfully defended this lower boundary, the IB Low is highly likely to hold as a structural floor for the remainder of the trading day.
2. 🔴 IB High First (Bearish Structure)The Price Action: Between 09:30 AM and 10:30 AM EST, the absolute highest price point occurred before the lowest price point. (e.g., the high was hit at 09:40 AM and the market sold off to make a lower low at 10:25 AM).
The Market Context: This shows that large-scale institutional supply or profit-taking slammed the market right at the opening bell. Because sellers capped the upside early, the IB High acts as a firm structural ceiling that is very difficult for retail traders to break above during the quiet afternoon session.
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.