Initial Balance Breakout Signals is a trading indicator designed for the cTrader platform that implements the Initial Balance Breakout strategy. It automatically or manually detects Initial Balance (IB) levels within trading sessions, providing clear visual markers of these levels on the chart. The indicator features breakout alerts with bullish and bearish signals, helping traders identify potential entry points.

Key functionalities include percent-based extensions and projections above and below the IB range to anticipate price movements, dynamic Fibonacci retracement levels derived from the IB range with optional labels, and forecast zones based on either the IB against the previous open or filtered by the current day of the week. Visual elements such as colors, transparency, line styles, and label sizes are fully customizable to suit user preferences.

The indicator supports any symbol and timeframe, making it suitable for various markets including Forex, indices, and cryptocurrencies. It is designed for day traders, scalpers, and breakout hunters, offering stable and efficient performance without chart lag, even during extended backtesting. Display options allow users to show a selected number of recent IBs or all IBs with flexible session settings.