IPO Day HighIPO High plots a horizontal reference level at the high of a stock’s IPO day — but only if the company went public within a user-defined recent period (default: last 2 years).
This level often acts as a key psychological and technical reference for recently listed stocks, commonly used by traders to track:
Early supply zones
Price discovery rejections
Breakout continuation above IPO highs
Post-IPO consolidation structures
How It Works
The script detects the first available daily candle in TradingView’s historical data for the symbol.
That candle is treated as the IPO day.
It extracts the high price of that session.
If the IPO occurred within the last X years (user input), the script draws a horizontal line from the IPO date forward.
If the IPO is older than the selected lookback period, the line will not display.
Practical Use Cases
Traders commonly monitor IPO highs for:
Breakout confirmation
Failed breakout / bull trap detection
Support reclaim after pullbacks
Momentum continuation setups
Particularly useful for:
Recent IPO momentum stocks
Small caps in price discovery
High-growth tech listings
Penunjuk Pine Script®
