Gold Inicial Balance Basic
Indicator
228 downloads
Version 1.0, Oct 2025
Windows, Mac
Description
THIS Initial Balance is to be used ONLY on GOLD: XAUUSD
Basic & FREE. Plots New York Initial Balance (NY local time) and projects IB High, IB Low, and optional Midline from IB end to the start of the next day’s IB.
IB values are computed from standard 1-minute candlesticks, so levels stay accurate on any chart type (Renko, Heikin Ashi, Range, Tick, etc.).
Includes a shaded IB box and right-edge price labels. DST aware (anchored to NY local date).
Key Features
- IB window fixed
- Levels: IB High / IB Low / (optional) Midline
- Extend to next IB start (not just session close)
- Works on any chart type
- Shaded IB box + price labels
Inputs
- Show Midline: On/Off
- Extend To Next IB Start: On/Off
Compatibility
- cTrader (cAlgo) Indicator
- Symbols/markets with intraday data
- Designed for charts running in UTC; NY timing auto-handled (DST)
Notes
- IB source uses 1-minute time-based candles internally for accuracy.
- Lines persist across midnight when “Extend to Next IB Start” is enabled.
Not financial advice. This is a basic, FREE tool provided as-is for educational and informational purposes.
Summary
AI summary
Gold Inicial Balance Basic is a cTrader (cAlgo) indicator designed exclusively for the XAUUSD (Gold) market. It plots the New York Initial Balance (IB) based on New York local time, displaying the IB High, IB Low, and an optional midline. The indicator calculates IB values using standard 1-minute candlesticks, ensuring accuracy across various chart types including Renko, Heikin Ashi, Range, and Tick charts.
Key features include a fixed IB window, extension of IB levels to the start of the next day’s IB session, a shaded IB box for visual clarity, and right-edge price labels. The indicator is DST-aware, automatically adjusting to New York local date and time changes. Users can toggle the display of the midline and the extension of IB levels to the next IB start.
This tool is compatible with symbols and markets that provide intraday data and is designed for charts running in UTC time. It serves as a basic, informational indicator for educational purposes and does not provide financial advice.
Key features include a fixed IB window, extension of IB levels to the start of the next day’s IB session, a shaded IB box for visual clarity, and right-edge price labels. The indicator is DST-aware, automatically adjusting to New York local date and time changes. Users can toggle the display of the midline and the extension of IB levels to the next IB start.
This tool is compatible with symbols and markets that provide intraday data and is designed for charts running in UTC time. It serves as a basic, informational indicator for educational purposes and does not provide financial advice.
Indicator profile
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Forex
Signal
Breakout
Scalping
Commodities
XAUUSD
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Since 30/01/2025
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