Initial Balance / Open Range
Initial Balance and Open Range for three sessions at once
WyckFlow Initial Balance / Open Range draws two nested High/Low ranges for each of three sessions (Asia, London, New York): a short Open Range (15 minutes by default) and a longer Initial Balance (60 minutes by default), each in its own timezone. It can optionally add a fill, a midline, and an extension projection (a target beyond the High/Low by a set percentage of the range) — a classic Opening Range Breakout tool. It's a pure level-drawing indicator with no entries/stop-loss/take-profit of its own, and it works in MotiveWave's Community Edition without a license key.
Free forever — part of Free Entry.
Get startedWhat it does
- Open Range (15 min default) + Initial Balance (60 min default) computed at once
- Three sessions (Asia, London, New York), each in its own timezone
- Optional fill, midline, and extension projection (a target beyond the range's edge)
- The still-developing (unlocked) range draws dashed, with no jump once it locks
- "Draw at most N recent sessions" — how many past occurrences to keep on the chart
- Auto-hides on Daily+ timeframes
How to read it
Price holding above IB High = a bullish edge; below IB Low = a bearish edge.
A break that keeps pushing toward the extension projection (+150% to +200%) = a classic ORB target.
A break that snaps right back inside the range = a false breakout — fade back toward the midline.
Asia tends to build a tight range (accumulation); New York carries the most volume and often sets the day's direction.
Recommended presets
Where to start by market and trading style — fine-tune to your own feed.
| Instrument / style | OR minutes | IB minutes |
|---|---|---|
| ES / NQ RTH | 15 | 60 |
| Opening-range scalping | 5 | 30 |
| FX / 24h (Asia+London+NY) | 15 | 60 |
