Initial Balance Breakout

Initial Balance Breakout

**Initial Balance Breakout** Professional indicator for displaying Initial Balance (IB) zones of the three major trading sessions: Asian, London, and US. The indicator automatically draws: - Initial Balance High and Low for each session - Optional filled IB zone - Session extension lines (up to the start of the next session) - Fibonacci extension levels (100%, 161.8%, 200%, 261.8%, 361.8%, 423.6%) - 50% level of the IB range (often used as Stop Loss) **Key Features:** - Clear visualization of Asian, London, and US Initial Balance ranges - Automatic server time offset detection (works with both summer and winter time) - Fibonacci extensions with 100% and 361.8% levels included - Customizable colors and display options - Clean and professional look suitable for any chart background - Supports any currency pairs, indices, and commodities **Advantages:** - Helps identify high-probability breakout zones - Shows potential take-profit and stop-loss levels using Fibonacci - Excellent tool for intraday and swing traders - Reduces chart clutter by displaying only relevant session information - Works on any timeframe (best results on M1–M15) **Parameters:** === Main Settings === - DaysToShow: Number of days to display IB (1-30) - UseSummerTime: Summer/Winter time adjustment (kept for compatibility) === Asian Session === - ShowAsian, AsianStart, AsianIBMinutes, AsianExtend === London Session === - ShowLondon, LondonStart, LondonIBMinutes, LondonExtend === US Session === - ShowUS, USStart, USIBMinutes, USExtend === Display Settings === - ShowIBZone, ShowLabels, ShowPriceLabels, ShowFib50 === Colors === - Customizable colors for IB zones, highs, lows, extensions and Fibonacci levels