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.