Track Initial Balance ranges across any period—from intraday sessions to yearly cycles—with optional Fibonacci levels and projections.
Initial Balance marks the high/low range established during the opening period of a trading session, day, week, month, or custom timeframe. This range acts as a reference point for breakouts, mean reversion, and volatility expectations throughout the remaining period.
Perfect For
- Session traders: Use market session IB (Sydney, Tokyo, London, NY) for intraday S/R levels
- Swing traders: Track weekly/monthly IB as key structural boundaries
- Breakout traders: IB high/low breaks signal directional commitment
- Mean reversion: Price returning to IB range = potential exhaustion/reversal zone
- Event-driven analysis: Use custom range to isolate specific price action windows (news, reports, volatility events)
Key Features
- 8 Period Types: Daily, Weekly, Monthly, Quarterly, 4-Month, Semi-Annual, Yearly, Custom Range
- Daily Modes: Hours-based (1-12 hours) or Market Session (Sydney/Tokyo/London/NY) with configurable session start times
- Custom Range: Define exact start/end datetime for event-based analysis (e.g., "03/11/2025 05:00, 10/11/2025 05:00")
- Historical Periods: Offset parameter to view past IB ranges (e.g., last week's IB, last month's IB)
- Fibonacci Levels: Optional 7 levels (11.4%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 88.6%) inside IB range
- Fibonacci Projections: Project levels upward/downward from IB high/low—potential breakout targets
- Extend Lines: Control line visibility (IB period only, current bar, or N periods forward)
- Timezone-Aware: UTC offset adjustment ensures accurate period calculations for your local time
Use Cases
- Session Trading: Track London IB, trade NY session breakouts or fades back to range
- News Events: Define custom range around NFP/FOMC, observe price behavior relative to event IB
- Weekly Structure: Use Monday's IB as week's volatility reference—breaks = trending, respect = ranging
- Multi-Period Analysis: Compare daily IB vs weekly IB—alignment = strong directional bias
Clean, minimal interface. Precision period detection. Institutional-grade reference levels.
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Disclaimer
Trading involves risk. This indicator is intended for technical analysis only — always apply proper risk management and trade responsibly.
Free to Use
All indicators I publish on the cTrader Store are completely free to use. Coffee support accepted—my brain runs on it: tinyurl(dot)com/coffee-supply.
Feedback & Improvements
If you have suggestions, feature requests, or ideas for enhancement, please leave a comment in the Discussion tab. Your feedback helps improve the indicator for everyone.
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