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Range Box or Initial Balance

5
The initial balance (IB) is a range in which the price spent its first two OPT periods after the opening. In other words, the opening balance is a range of the first hour after the market opened. The opening balance arose from room trading, as room traders observed the various ranges after the market opened.

This indicator allows you to enter the starting and ending hours and minutes of a specific hourly time range so that the trader can set up different IBs according to the market.

Automatically, the indicator will draw on the chart a rectangle containing this time range along with two lines extending at the maximum and minimum values of this time range.

Additionally, the indicator has the ability to display on each IB the size in points of each range along with the functionality to filter out IBs that do not meet the sizes defined by the trader.

This free version only plots the historical IBs that are on the chart. It does not calculate or plot the new IBs that are presented, for that you must load the indicator again.

Reviews 1
pino
86
pino 2024.05.08 13:06 
 

It's one of the best free indicators for working on the concept of initial balance.

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** All Symbols x All Timeframes scan just by pressing scanner button ** ***Contact me after purchase to send you instructions and add you in "123 scanner group" for sharing or seeing experiences with other users. After 17 years of experience in the markets and 3 years of programming, Winner indicator is ready. I would like to share with you! Introduction The 123 Pattern Scanner indicator with a special enhanced algorithm is a very repetitive common pattern finder with a high success rate . Inte
FxaccurateLS
Shiv Raj Kumawat
Indicators
WHY IS OUR FXACCCURATE LS MT5 THE PROFITABLE ? PROTECT YOUR CAPITAL WITH RISK MANAGEMENT Gives entry, stop and target levels from time to time. It finds Trading opportunities by analyzing what the price is doing during established trends. POWERFUL INDICATOR FOR A RELIABLE STRATEGIES We have made these indicators with a lot of years of hard work. It is made at a very advanced level. Established trends provide dozens of trading opportunities, but most trend indicators completely ignore them!
ADR Reversal Indicator MT5
LEE SAMSON
4.78 (9)
Indicators
The ADR Reversal Indicator shows you at a glance where price is currently trading in relation to it's normal average daily range. You will get instant alerts via pop-up, email or push when price exceeds it's average range and levels above it of your choosing so you can jump into pullbacks and reversals quickly. The indicator draws horizontal lines on the chart at the average daily range extremes and also extensions above those levels which have mathematical probabilities attached to them of pric
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Atr Color Candles
Cristian Mateo Duque Ocampo
Indicators
This indicator allows you to visually identify with a different color the candlesticks that exceed a certain limit of the ATR. Just drag and drop it on the chart. The user must enter the value of the ATR period. The user must enter the value of the ATR limit with which he wants to identify the candlesticks. In the colors tab, the user can select the colors with which to repaint the candles.  It is recommended that the first color always be None. The second color corresponds to b
FREE
ATR Bollinger Bands
Cristian Mateo Duque Ocampo
1 (1)
Indicators
This indicator allows us to identify unusual volatility conditions. If the ATR line is below the middle bollinger line, volatility is assumed to be below average. If the ATR line is above the middle bollinger line, volatility is assumed to be above average. If the ATR line breaks the upper bollinger band, volatility is assumed to be high. If the ATR line breaks the lower bollinger band, volatility is assumed to be low.
FREE
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pino
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pino 2024.05.08 13:06 
 

It's one of the best free indicators for working on the concept of initial balance.

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Version 1.30 2023.05.28
Added functionality to calculate and display the size of expensive IBs.

Added functionality to filter out IBs that do not correspond to the maximum and minimum size (in points) determined by the trader.
Version 1.20 2023.05.28
english language parameters
Version 1.10 2023.05.28
Correction is added to have IB ranges whose end time is less than the start time.