Initial Balance Indicator with Win Rate Analytics
- Indicators
- Version: 1.0
- Activations: 10
IB Fib Extensions — Initial Balance Indicator with Win Rate Analytics
Know your edge before you trade.
This indicator automatically plots the Initial Balance (8:30–9:30 EST) session each day and projects Fibonacci extensions above and below it — then tells you statistically how often price reaches each 100% extension based on your own historical data.
🔹 What is the Initial Balance?
The Initial Balance is the high and low formed in the first hour of the New York session (8:30–9:30 EST). Professional traders use it as a reference range to anticipate breakout targets, mean reversion levels, and intraday structure. The Fibonacci extensions project where price is likely to travel if it breaks out of the IB range.
📊 Features
Initial Balance Session Box
- Automatically draws the IB high, low, and a shaded session box each day
- Midpoint (50%) line included
- Works on any instrument — Forex, indices, commodities, futures
Fibonacci Extensions (above IBH and below IBL)
- 100%, 127.2%, 150%, 161.8%, 200%, 261.8%, 300%
- Each level individually toggleable
- Clean dashed lines with labels — no chart clutter
Per-Day Touch Counter
- Each 100% extension label shows how many times price touched that level during the session
- Consecutive bars at the same level count as one touch — no false inflation
Live Win Rate Panel (top-left corner)
- Scans the last N trading days (default 20, fully configurable)
- Shows what % of days price reached the +100% or -100% extension after the IB closed
- Tracks upside and downside separately so you can see directional bias
- Color-coded: 🟢 ≥60% · 🟡 40–59% · 🔴 <40%
- Visual progress bar for instant reading
⚙️ Smart Time Conversion
Times are entered in EST/EDT. The indicator automatically converts to your broker's server time using a simple UTC offset input — no manual bar counting required. Handles US Daylight Saving Time with a single toggle.
🛠 Inputs at a Glance
| Setting | Description |
|---|---|
| BrokerUTCOffset | Your broker's server UTC offset |
| EstDST | Toggle US daylight saving (EDT/EST) |
| LookbackDays | Days to draw on chart (default 5) |
| WinRateDays | Days to calculate win rate over (default 20) |
| LineLengthHours | How far lines extend after IB close |
| TouchZonePips | Pip tolerance to count a touch |
| Ext100–Ext300 | Toggle each Fibonacci level individually |
📌 Best Used On
- Instruments: ES, NQ, MNQ, MES, EURUSD, GBPUSD, Gold (XAUUSD), Crude Oil
- Timeframes: M5, M15, M30 recommended
- Session: New York open traders, ICT / SMC / market profile traders
✅ No Repaint · No Redraw · Plug and Play
Attach to chart, set your broker UTC offset once, and the indicator handles everything else automatically across all lookback days.
