PROTECTED SOURCE SCRIPT
STWP IB Trade
STWP Initial Balance Trade
This tool is created for educational and informational purposes to help traders visualize Initial Balance (IB) levels formed during the first hour of market activity. It is designed to assist users in understanding market structure and planning strategies around key price zones derived from the IB range.
Features:
Automatically plots Initial Balance High and Low (first-hour high and low) based on selected time zone.
Displays Buy and Sell labels post-IB period (based on price behavior).
Highlights 1X and 2X risk-reward levels (to be used with your personal risk management plan).
Customizable Options:
Option to extend IB lines throughout the session.
Change line colors and range background.
Displays an informative table showing IB range and other useful metrics.
Optionally plots an Exponential Moving Average (EMA) for trend reference.
How to Use:
Set your time zone so that the IB period begins with market open and ends after the first hour.
After the first hour candle closes, refer to the IB Range table.
Watch for Buy/Sell labels that may appear after the IB period. Use these levels for educational reference and plan your trades based on your own strategy and risk tolerance.
Entry and Stop Loss levels are shown for analysis purposes. Always apply your personal risk management rules when interpreting these levels.
Enhance your approach by combining this with support/resistance zones and EMA for trend alignment.
Remember, protecting your capital is key — use proper risk management in every trade.
Disclaimer:
This script is intended strictly for educational and informational purposes. It does not constitute financial advice, investment recommendation, or solicitation to buy or sell any securities. Trading involves significant risk, and past performance is not indicative of future results. Always consult a SEBI-registered advisor for personalized guidance. The creator of this tool is not liable for any financial loss or damage arising from its use.
Need Help?
If you find this indicator helpful, consider following for more tools focused on learning and strategy building. Have questions or need support using the tool?
Feel free to leave comments below for feedback or general discussion.
For personalized support, kindly refer to the contact details in the “About” section of the profile.
This tool is created for educational and informational purposes to help traders visualize Initial Balance (IB) levels formed during the first hour of market activity. It is designed to assist users in understanding market structure and planning strategies around key price zones derived from the IB range.
Features:
Automatically plots Initial Balance High and Low (first-hour high and low) based on selected time zone.
Displays Buy and Sell labels post-IB period (based on price behavior).
Highlights 1X and 2X risk-reward levels (to be used with your personal risk management plan).
Customizable Options:
Option to extend IB lines throughout the session.
Change line colors and range background.
Displays an informative table showing IB range and other useful metrics.
Optionally plots an Exponential Moving Average (EMA) for trend reference.
How to Use:
Set your time zone so that the IB period begins with market open and ends after the first hour.
After the first hour candle closes, refer to the IB Range table.
Watch for Buy/Sell labels that may appear after the IB period. Use these levels for educational reference and plan your trades based on your own strategy and risk tolerance.
Entry and Stop Loss levels are shown for analysis purposes. Always apply your personal risk management rules when interpreting these levels.
Enhance your approach by combining this with support/resistance zones and EMA for trend alignment.
Remember, protecting your capital is key — use proper risk management in every trade.
Disclaimer:
This script is intended strictly for educational and informational purposes. It does not constitute financial advice, investment recommendation, or solicitation to buy or sell any securities. Trading involves significant risk, and past performance is not indicative of future results. Always consult a SEBI-registered advisor for personalized guidance. The creator of this tool is not liable for any financial loss or damage arising from its use.
Need Help?
If you find this indicator helpful, consider following for more tools focused on learning and strategy building. Have questions or need support using the tool?
Feel free to leave comments below for feedback or general discussion.
For personalized support, kindly refer to the contact details in the “About” section of the profile.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.