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PRO INITIAL BALANCE

 

ENGLISHFRANCAIS

DESCRIPTION :

PRO INITIAL BALANCE is dealing with the IB Range. IB standing for Initial Balance of course. This one is a classical price action indicator used to determine if the trading day will be directionnal or not. It has been statistically proven that the first trading hour of a day is correlated to the daily amplitude that follows. Meaning that the bigger the IB range is the mode volatile the day can be. Initial balance range is generally determined by the first trading hour of the current instrument. Generally determine by the preopen price action of the first future trading hour, just before the cash opening. But I figured out that this reading could go even further. IB range can be applied to the first cash trading hour as well and its at least as good as the classic one ! Moreover there is an additionnal information that can be take out of the combination of the two IBs, the futures one and the cash one. Everything is described in the following video.

 

PRO INITIAL BALANCE PRESENTATION :

DESCRIPTION :

PRO INITIAL BALANCE est évidemment en relation avec l’indicateur IB Range que les amateurs de price action connaissent certainement déjà. C’est un des grands classique de ce type d’approche du marché. Il permet de déterminer par anticipation si la journée sera fortement directionnelle ou non. Les statistiques ont déjà prouvé que la première heure de cotation d’un actif a une corrélation directe avec l’amplitude qui suit durant le reste de la journée. Ainsi plus l’IB range est grand plus la journée qui suivra aura de chance d’être volatile.  On détermine ce range en prenant l’amplitude de la première heure de cotation du futures qui précède généralement l’ouverture du cash. Mais j’ai remarqué que cette analyse pouvait être poussée un peu plus loin ! L’IB range peut en effet être appliqué à la première heure de cotation du cash et ce range est au moins tout aussi efficace que son prédécesseur ! Encore mieux, les deux combinés fournissent des informations supplémentaires dont je vous parle en détail dans la vidéo ci dessous. 

 

PRO INITIAL BALANCE PRESENTATION :

 

 

SKILLS :

70
IB Ranges
30
Cash / futures Open levels

INPUTS :

50
Price
0
Volume
50
Time (X axis)

MAIN FEATURES INCLUDED :

  • Futures IB Range
  • Cash IB Range
  • Both independant
  • Cash Open Level Display
  • Futures Open Level Display
  • Realtime drawing

 

 

 

 


RISK DISCLAIMER :

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss in excess of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. No “safe” trading system has ever been devised, and no one can guarantee profits or freedom from loss.

 

 

 

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