Overview
The “Open & Imbalance (v1)” indicator is a powerful combination designed to help traders capture key market movements at the start of the trading day. This indicator combines two robust strategies: the Open strategy and the Imbalance strategy.
Open Strategy
The Open strategy focuses on the market’s behavior during the first few minutes of the day. You’ll see bullish and bearish barriers plotted for you on the chart. Watch them closely as breakout signals are displayed.
Imbalance Strategy
The imbalance strategy is based off the initial Balance concept, and is modified to give you better and earlier entries in most cases. This strategy allows you to sit back and let the market shake up and decide where it wants to go. From there just listen, react, and capture the move.
Trading involves significant risk and potential financial loss. The information provided on this site does not constitute financial advice and should not be taken as such. Consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.
The results discussed are hypothetical or based on simulated performance, which have inherent limitations. Unlike actual performance, simulated results do not represent real trading and may be influenced by market factors such as liquidity.
Testimonials on this site may not reflect the typical experiences of all clients and should not be considered as assurances of future performance.
Market Scripters provides technical analysis tools for charting platforms without access to individual trading data; therefore, we cannot verify the performance of our tools relative to individual traders.