Allows you to have an instant view of 16 Crypto pairs within a monitoring panel, monitoring Initial Balance (Asia, London, New York Stock Exchanges).
The code can easily be changed to suit the crypto pairs you are trading.
The setup of my chart would also include this indicator and the "Initial Balance Markets Time Zones - Overall Highest and Lowest" (with all IBs enabled) as shown above.
Initial Balance is based on the highest and lowest price action within the first 60 minutes of trading. Reading online this can depict which way the market can trend for the session.
The indicator has been coded for Crypto (so other symbols may not work as expected).
Though Initial Balance is based off the first 60 minutes of the trading markets opening, but Crypto is 24/7, this indicator looks at how Asia, London and New York Stock Exchanges opening trading can affect Crypto price action.
As the current Market sentiment is if the price action fell below all Initial balances I would be looking at completing for a long trade and to see if price action can find support from the trading sessions Initial Balance:
Please see below an example of this....
IOTAUSDT signaled red (that it had dropped below all IBs ) but then found support and moved on up.
Also a similar example as above for BTCUSDT ....
If the signal is green do your , but as shown below once the highest Initial Balance has been broken price can increase.
I would like to say thanks to AnyDozer from StackOverFlow for helping me get my idea onto the charts and wugamlo for allowing me to use some of his panel code.
Dentro do verdadeiro espírito TradingView, o autor deste script publicou ele como um script de código aberto, para que os traders possam compreender e checar ele. Um viva ao autor! Você pode usá-lo gratuitamente, mas a reutilização deste código em uma publicação é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.
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