Initial Balance (IB) is the price
range of (usually) of the first two 30 minute columns of
RTH session of the Market Profile.
Initial Balance may help define the
context of the trading day.
(see also
Opening Range)
The Initial Balance (IB) is a Market Profile concept.
The IB is the Range established from the first two Brackets of a Market Profile. These two brackets are
usually the first hour of trading and as such the IB is usually the area from the Low to the High from
the first hour.
The IB is monitored as a break-out area for Range Extension traders.
The IB High is also seen as an area of
resistance and the IB Low as an area of support until it is
broken.
Source:
https://www.mypivots.com/dictionary/definition/96/initial-balance-ib
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