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IB Zone Volume Distribution

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This Pine Script indicator analyzes volume distribution within the first 15-minute Initial Balance (IB) period of the New York trading session.

It is designed to activate only after the 9:45 AM ET close of the IB, performing a one-time historical analysis.

The core function calculates the total volume traded and distributes it across three defined areas: the top 20%, the bottom 20%, and the middle section of the IB range.

Results, including the IB High/Low and zone volume percentages, are displayed in a concise data table on the chart.

The purpose is to provide a clear, non-real-time view of where the most volume was transacted during the session's opening minutes.
릴리즈 노트
Added Average volume and range

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