The Initial Balance (IB) indicator allows you to select any two time periods and will then measure the following metrics:

  1. The high and low of that period.
  2. The range of that period.
  3. The midpoint of that period.

The indicator will draw the start and end period line on the chart as vertical lines. The high, low and mid lines are drawn as horizontal lines. A display is also shown on the chart with the values for the high, mid and low levels and the range and half range values (IB and IB Half). Variants of this indicator are customised for trading the UK or US market session.

The Initial Balance (IB) is a well established method for identifying key support and resistance levels for intraday traders. Read more about this strategy in our article – Initial Balance And Opening Range Breakout Strategies Explained

Key Benefits

The Initial Balance method is a popular strategy for trading the market. These indicators are useful for analysing this method across multiple markets. The indicators will allow you to easily view the relevant period you are measuring and the support and resistance levels created by it.

This is useful for analysis and trade management of this method (entry, risk and target levels). The basic version of this indicator can also be used for analysing any specific period of time between two points and easily measuring and visualizing the high, low, midpoints and range.


Metatrader 4 – MT4.


  • Initial Balance UK Market. Variation setup for UK market trading session with US open. 
  • Initial Balance US Market. Variation setup for US market trading session. 

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You will receive all 3 variations of this indicator. 

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Initial Balance Strategy

Initial Balance for UK Market

Initial Balance for US Market

Chart Examples

Initial Balance Strategy

Initial Balance for UK Market

Initial Balance for US Market

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Frequently Asked Questions

After you purchase your indicator, you will see a purchase confirmation page. On this page you will be able to download your purchased indicator. You will also receive an email some time after purchase with another copy of the download link.

You can find full instructions on how to install and activate in this article: How to Install and Use MT4 Custom Indicators and EAs (full guide).

No, custom MT4 indicators and EAs only work on the desktop version of MT4. It is also recommended that you checkout on a PC.

You will be directed to a checkout page to complete your download. If it is a free indicator then you will just need to put in your name and email address and then you will receive access to the free download.

We collect names and email addresses during download as a way to discourage bots from downloading from the site.

We will use your email address to send automated confirmations of your downloads or purchase. We may send further correspondence to you regarding updates on but you will be able to opt out of any correspondence if you choose.

No, sharing of the indicators or EAs that you download (whether free of paid) is not allowed by the licence terms. However, please feel free to share our website with others so that they can come and download themselves.

All downloads whether free or paid are subject to the Digital Download Terms And Conditions as found here: LINK.

There is no support available with the Free downloads. We are happy to receive feedback and suggestions, please send these via our contacts page: LINK

These products are sold with limited support and ‘as is’. Information on the indicators, their purpose, functionality and inputs are available on each individual indicators page and associated PDF guide which is free to download and review.

For basic troubleshooting please email [email protected] with your purchase reference and we will respond within 24 hours (Monday-Friday).

Justina Nothard

Justina Nothard

Hi, I’m Justina Nothard, a retail investor trading Stock Index Futures.

I understand how hard it can be for the ordinary trader to learn the basics and find useful tools and practical information.

This is why I decided to create Nothard Trading to help you take control of your trading.

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