Initial Balance Breakout + Fib

The IB High / Low + Auto-Fib indicator automatically plots the Initial Balance range and a Fibonacci projection for each trading day.

Define your IB start and end times (e.g., 09:30–10:30).

The indicator marks the IB High and IB Low from that session and extends them to the session close.

It keeps the last N days visible for context.

When price breaks outside the IB range, it automatically plots a Fibonacci retracement/extension from the opposite IB side to the breakout, using levels 0, 0.236, 0.382, 0.5, 0.618, 0.88, 1.

The Fib updates dynamically as the breakout extends, and labels are neatly aligned on the right side of the chart for clarity.

Ideal for traders who monitor Initial Balance breaks, range expansions, and Fibonacci reaction levels throughout the trading session.