Daily Range / First Hour Range

Initial Balance (IB) = First Hour Range

Chart1: ES Day Session


91% of days have a range >= 1.3 IB

82% of days have a range >= 1.5 IB

14% of days have a range >= 3.2 IB
etc.

Median daily range = 2.1 IB

Highest range in sample: 11.5 IB

Chart2: Crude Day Session

92% of days have a range >= 1.3 IB

82% of days have a range >= 1.5 IB

19% of days have a range >= 3.2 IB
etc.

Median daily range = 2.1 IB

Highest range in sample: 9.5 IB