OPEN-SOURCE SCRIPT

4H IB + BO Midpoint – [SANIXLAB]

580
This indicator plots the Initial Balance (IB) high and low for each 4-hour period and automatically calculates potential breakout levels and midpoints.

At the start of every new 4-hour block the script:

Captures that block’s high and low (Initial Balance),

Draws horizontal lines at the IB high, low and midpoint,

Calculates breakout targets above and below the IB using (optional) extension factor,

Creates horizontal lines at those breakout levels and their midpoint,

Breakout areas extend as new bars arrive.

[SANIXLAB]
MR.L

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.