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Initial Balance is a concept for the first hour of a trading session, lowest(starting) to highest point, that often determines important support / resistance for the next hours. It is based on Fibonacci levels and offers very relevant levels of reaction. Nowadays, it's mainly used for the first hour BEFORE the open. --------------- The advantage of this indicator lies here : - you could define by yourself the period for YOUR Initial Balance (first hour of a trading session, one hour before the o