Initial Balance Indicator with Win Rate Analytics

Initial Balance Indicator with Win Rate Analytics

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

? 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.