initial balance (IB)

auto-plots the first hour's high/low with multiple extension and retracement levels, plus a live stats dashboard.

futures
forex
crypto
stocks

information

initial balance (IB)|edgeful.com

what it does

this indicator calculates the high and low of the IB period (typically the first hour, 9:30-10:30 AM). it draws horizontal lines at these levels that extend throughout the trading day, with optional extension and retracement levels based on the IB size.

a dashboard displays real-time statistics including IB state, size in points and percentage, which level formed first, breakout status, price location relative to IB, and distance from high and low levels.

key features

one-hour default formation window (vs 15 minutes for ORB)

up to 16 extension levels based on IB size multiples

three retracement levels within the IB range (25%, 50%, 75%)

real-time dashboard with IB statistics

breakout tracking for both high and low

explainer chart

initial balance (IB)|edgeful.com

initial balance (IB)

all of this for $49

less than the cost of one bad trade.