This strategy identifies Initial Balance periods on NQ and ES futures charts using user-defined start and end hours in Eastern Time. It classifies days as narrow or wide based on average range lookback and skips narrow or trending days per settings. Entries tr
Strategy · Pine Script v6 · On the chart
TeleNexus Sovereign IB+VWAP Confluence V6
This strategy plots on the price chart and calculates an initial balance (IB) range from specified IB start to end hours in ET.
Repaints
GitHub stars1on the repository
Pine versionv6current
Lines of code180
Settings19inputs
LicenceNone stated
Last update2 months ago15 Aug 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
TeleNexus Sovereign IB+VWAP Confluence V6 computes VWAP using cumulative typical price and volume during the regular trading hours. Confluence is detected when price aligns with VWAP bands and IB levels, with entry signals based on a score system from volume and price action. Positions are sized according to score levels. Stop loss is set as a multiple of the IB range. Risk controls include max daily loss and end-of-day liquidation. Main settings allow customization of IB window, volume lookback, extension ratios, and risk multipliers. It repaints on the live bar.
- IB Range Calculation
- VWAP Confluence
- Score-Based Entries
- Risk Management
- Daily Loss Limit
Details
Published by
raybird on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Mean reversion, Volume, Support & resistance, Sessions & time
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| IB Start Hour (ET) | int | 9 | i_ibStartHour |
| IB Start Min (ET) | int | 30 | i_ibStartMin |
| IB End Hour (ET) | int | 10 | i_ibEndHour |
| IB End Min (ET) | int | 30 | i_ibEndMin |
| IB Avg Lookback (days) | int | 20 | i_ibAvgLen |
| Narrow IB % of avg | float | 0.70 | i_narrowPct |
| Wide IB % of avg | float | 1.30 | i_widePct |
| Extension Min (x IB Range) | float | 0.5 | i_extMin |
| Extension Max (x IB Range) | float | 1.0 | i_extMax |
| Min Wick:Body Ratio | float | 1.5 | i_wickMult |
| VWAP Confluence Zone % | float | 0.5 | i_vwapBandPct |
| Volume Avg Length | int | 20 | i_volAvgLen |
Show all 19 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| SL (x IB Range) | float | 0.5 | i_slMult |
| EOD Hour (ET) | int | 15 | i_eodHour |
| EOD Min (ET) | int | 45 | i_eodMin |
| Max Daily Loss ($) | float | 500.0 | i_maxDailyLoss |
| Min Score 3 cts | int | 8 | i_scoreHigh |
| Min Score 2 cts | int | 6 | i_scoreMid |
| Min Score 1 ct | int | 4 | i_scoreLow |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
Similar Pine Scripts
3C QFL Mean Reversal is a strategy based on the Quickfinger Luc (QFL) trading methodology. It identifies breakdown buying opportunities below established price base levels and enters mean-reversion trades. The strategy includes multi-safety order DCA scaling,
This strategy identifies Wyckoff consolidation ranges directly on the price chart to trade potential spring and upthrust events. It calculates highest highs and lowest lows over a customizable lookback period, filtering setups by average volume spikes and ATR
This strategy enters one long trade when the bar low comes within a set point tolerance of the prior day's low and the close finishes above that level. Entries are allowed only inside a UTC session and are blocked after a Friday cutoff hour. It stays flat unti
This strategy draws on the price chart and identifies mean-reversion opportunities around daily volume-weighted average price (VWAP) bands. It enters long positions when the price crosses above the lower band while the Relative Strength Index indicates oversol
This strategy detects daily opening gaps and trades them on the price chart. It marks an up or down gap from the current open and close versus the previous bar, then stores the prior extreme as the fill level. By default it buys down gaps and shorts up gaps, e
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers