Support Board
Date/Time: Thu, 13 Feb 2025 23:06:01 +0000
Post From: TPO Initial Balance and Open Timeframe
| [2020-12-23 18:11:02] |
| User365411 - Posts: 192 |
|
From my understand the Initial Balance time is defined as PreCash Timeframe.
No You can choose your personal setting for IB but the original concept of Initial Balance refers to the first 2 half hour of the session. from Jim Dalton Glossary https://jimdaltontrading.com/glossarypage/ Initial Balance The price range resulting from market activity (generally) during the first two periods. The actual definition is far less important than the concept; when the initial base of trading is narrow (reading from high to low) it will be easier to knock over or experience “range extension”. A wider base will be more stable and better able to contain price. Some days have no initial balance as the market begins to trend immediately from the opening range with constant range extension. |