The Initial Balance — the high, low and mid of a session's first hour — is one of the cleanest auction-theory reads in futures trading. Break above IB High and you're hunting a trend day; hold inside it and you're rotating. Live IB Range draws it in real time with six timezone-aware presets (US, London, Tokyo, Sydney) that handle daylight saving automatically, three custom extension bands, and per-component color and label control. Whether you trade the NY open from California or the London session from Sydney, the lines render at the right time — every time. Free, fully audited, and built by a trader who watches them daily.
"Best IB indicator I've used and I've tried about six over the years. Most free ones only do US RTH and break the moment you try anything else. This one ships with US Open, US Pre-Market, London, Tokyo and Sydney presets out of the box, all DST-aware. The IB lines change color when the period closes — small touch but exactly what I want for a quick visual on whether IB is still building. The three extension bands are great for placing fade targets above and below. Replaced a $99/year paid indicator and didn't lose anything."
"Clean, simple, does exactly what it says. Replaced two separate IB scripts I was running for different session opens. The DST auto-correction means I never have to manually adjust when the clocks change."
"Solid indicator. Would love more than three extension bands in a future version but for a free tool the base set is solid. The London Pre-Market preset is a nice touch — most US-built indicators don't have it."
"Initial Balance is half my daily strategy and this is the cleanest implementation I've seen. The IB Zone overlay is great when I want to see whether price is rotating inside or has cleanly broken away. Color-after-IB-closes is what I didn't realize I needed — at a glance I know if we're still in the build window or in extension territory. The multi-session feature drawing yesterday's IB alongside today's is genuinely useful for context. Worth way more than free."
"Set it up in 5 minutes, works exactly as described. The international session presets are why I picked this — most US-built indicators forget Asia and Europe exist. Highly recommend."
