PROTECTED SOURCE SCRIPT
IB One‑Way Break & Retrace (Chicago 5m)

What It Tracks
Initial Balance (IB) Range
Defined as the high/low from 08 : 30 – 09 : 30 Chicago time each day.
Plotted as steplines on your chart (“IB High” in aqua, “IB Low” in fuchsia).
Session Window
Monitors price from 09 : 30 – 15 : 00 Chicago time (the remainder of the regular day).
Break Classification
Held: Price never breaches the IB high or low during the session.
One‑Way Break: Price breaks one side of the IB (high or low) but doesn’t break the opposite side.
Discarded: Price breaks both sides of the IB—in which case the day is skipped from all statistics.
Retracement Measurement
For “One‑Way Break” days only, measures how far price retraces back into the IB range (as a percentage of the IB width).
Retracement values are capped at 100% (so extreme extensions beyond the IB don’t inflate averages).
Labeling on the Chart
Held days are marked with an orange “Held” label at the unbroken IB edge.
One‑Way Break days are marked at the furthest pullback point with a green (if upside break) or red (if downside break) label showing the retrace % (e.g. “37.5%”).
Discarded days (both‑side breaks) get a gray “Discard” label.
Summary Table (Top‑Right)
Bucket Count % Sessions Avg Ret%
Total Sessions X 100.0% Y.Y%
Held H H/Total 0.0%
Breakouts B B/Total A.A%
Discarded D D/Total –
0–20% Retrace E0 E0/B Avg0%
20–40% Retrace E1 E1/B Avg1%
40–60% Retrace E2 E2/B Avg2%
60–80% Retrace E3 E3/B Avg3%
≥80% Retrace E4 E4/B Avg4%
Count: Number of days in each category.
% Sessions: That count divided by Total Sessions.
Avg Ret%: Average retracement on only those days. (Held and Discarded rows show 0% or blank.)
How to Use
Held days indicate a very tight IB that never gave way—these can signal strong balance before a later move.
One‑Way Breakouts show directional moves that retraced back into the IB by some amount. Use the retrace % buckets to gauge typical pullback sizes after breakout.
Discarded days (both‑side breaches) are volatile or whipsaw days—excluded from your retracement analysis.
By filtering out those whipsaw sessions and focusing on clean one‑way breaks, you get a clearer picture of how deep retracements tend to be after true breakout moves.
Initial Balance (IB) Range
Defined as the high/low from 08 : 30 – 09 : 30 Chicago time each day.
Plotted as steplines on your chart (“IB High” in aqua, “IB Low” in fuchsia).
Session Window
Monitors price from 09 : 30 – 15 : 00 Chicago time (the remainder of the regular day).
Break Classification
Held: Price never breaches the IB high or low during the session.
One‑Way Break: Price breaks one side of the IB (high or low) but doesn’t break the opposite side.
Discarded: Price breaks both sides of the IB—in which case the day is skipped from all statistics.
Retracement Measurement
For “One‑Way Break” days only, measures how far price retraces back into the IB range (as a percentage of the IB width).
Retracement values are capped at 100% (so extreme extensions beyond the IB don’t inflate averages).
Labeling on the Chart
Held days are marked with an orange “Held” label at the unbroken IB edge.
One‑Way Break days are marked at the furthest pullback point with a green (if upside break) or red (if downside break) label showing the retrace % (e.g. “37.5%”).
Discarded days (both‑side breaks) get a gray “Discard” label.
Summary Table (Top‑Right)
Bucket Count % Sessions Avg Ret%
Total Sessions X 100.0% Y.Y%
Held H H/Total 0.0%
Breakouts B B/Total A.A%
Discarded D D/Total –
0–20% Retrace E0 E0/B Avg0%
20–40% Retrace E1 E1/B Avg1%
40–60% Retrace E2 E2/B Avg2%
60–80% Retrace E3 E3/B Avg3%
≥80% Retrace E4 E4/B Avg4%
Count: Number of days in each category.
% Sessions: That count divided by Total Sessions.
Avg Ret%: Average retracement on only those days. (Held and Discarded rows show 0% or blank.)
How to Use
Held days indicate a very tight IB that never gave way—these can signal strong balance before a later move.
One‑Way Breakouts show directional moves that retraced back into the IB by some amount. Use the retrace % buckets to gauge typical pullback sizes after breakout.
Discarded days (both‑side breaches) are volatile or whipsaw days—excluded from your retracement analysis.
By filtering out those whipsaw sessions and focusing on clean one‑way breaks, you get a clearer picture of how deep retracements tend to be after true breakout moves.
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.