Learn the IVB indicator on DeepCharts: plot a 15-minute opening range, then watch for bearish candles with large trades inside the body to signal sellers in control. Many traders get stopped out buying breakouts, but examining deep-trade data reveals whether the move is real. The tool targets automatically calculated levels from 2,000 sessions of data, often yielding 1:3 risk-to-reward.
If you open a chart, click on indicators and search for IVB, add it on the chart and set the 15 minute opening range. It will automatically plot the high and the low of the opening range. But here's where a lot of traders fuck it up. They simply buy the breakout and then they get stopped out. But if you go again on indicators at deep trades, you could have seen that buyers got absorbed here, sellers got absorbed here. So it was not really a good entry. But when a sell candle broke out with big trades inside of the body of the candle, then you just know sellers are in control. At which point you can sell on the test and protect yourself even above the mid range or above the vwap with a first target on the protection level, which is statistically calculated on the last 2000 session automatically. In this example, it's a 1 to 3 risk to reward. Of course results may vary, but this indicator was literally developed for deep charts by a world scalping champion. So if you want to get access to it, come in deep charts, because for the next few days you can still get this at a 30% discount. And as always, follow for more older tips.
