Initial Balance (IB) Strategy - MT4/MT5 Resources
Hello everyone! Here you can discuss IB trading strategies. I'm adding indicators and information you can use for free.
If you need new levels or any adjustments, feel free to send a DM or post here.
renew:
Leveling critical area indicator marks:
If you need new levels or any adjustments, feel free to send a DM or post here.
renew:
Leveling critical area indicator marks:
- Previous Day's High (PDH) - The highest price on the previous trading day.
- Previous Day Low (PDL) - The lowest price on the previous trading day.
- Previous Day Midpoint (PDM) - The midpoint between the previous day's high and low.
- Previous Week High (PWH) - The highest price during the previous trading week.
- Last Week Low (PWL) - The lowest price of the previous trading week.
- Last Week Midpoint (PWM) - The midpoint between last week's high and low.
- Previous Month High (PMH) - The highest price during the previous trading month.
- Previous Month Low (PML) - The lowest price in the previous trading month.
- Previous Month Midpoint (PMM) - The midpoint between the high and low of the previous month.
- Previous Year High (PYH) - The highest price during the previous trading year.
- Previous Year Low (PYL) - The lowest price during the previous trading year.
- Last Year Midpoint (PYM) - The midpoint between the previous year's high and low.
- Previous New York End Zone High (US_END_H) - The highest price in the last 6 hours (18:00–23:59) of the previous trading day.
- Previous New York End Zone Low (US_END_L) - The lowest price in the last 6 hours (18:00–23:59) of the previous trading day.
- Former New York End Zone Midpoint (US_END_M) - The midpoint between the high and low points of the New York end zone.
- Weekly High Benchmark (WBH) - tracks the highest prices on Monday and Tuesday of the week, shown from Wednesday to Friday.
- Weekly Low Benchmark (WBL) - tracks the lowest prices on Monday and Tuesday of the week, shown from Wednesday to Friday.
- Weekly Mid-Base (WBM) - The midpoint between the weekly benchmark high and low.
- Monthly Base High (MBH) - tracks the highest price from the previous two trading days or through the second Friday of the month.
- Monthly Low Baseline (MBL) - tracks the lowest price from the previous two trading days or through the second Friday of the month.
- Monthly Mid-Base (MBM) - The midpoint between the high and low of a monthly benchmark.
- Yearly Benchmark High (YBH) - Tracks the highest prices in January and February of the current year.
- Yearly Low Baseline (YBL) - tracks the lowest price in January and February of the current year.
- Yearly Mid-Year Baseline (YBM) - The midpoint between the high and low of the annual base line.
- High of the day (HOD) - the highest price during the Asian session (01:00–09:59).
- Low of the Day (LOD) - The lowest price during the Asian session (01:00–09:59).
- Midday (MOD) - The midpoint between the high and low of the Asian session.
- Asian Kill Zone High (AKZ_H) – Highest price during the Asian Kill Zone (03:00–07:00).
- Asian Kill Zone Low (AKZ_L) – The lowest price during the Asian Kill Zone (03:00–07:00).
- Asian Kill Zone Midpoint (AKZ_M) - The midpoint between the high and low of the Asian Kill Zone.
- WeekOpen - the opening price of the current weekly candle.
- DayOpen - the opening price of the current daily candle.
- MonthOpen - the opening price of the current monthly candle.
- YearOpen - the opening price of the first monthly candle of the year.
Furthermore, the indicator draws vertical lines to mark specific times:
- Asian Killzone Begins (03:00)
- The End of Killzone Asia (07:00)
- London Open(10:00)
- New York Open(15:00)
- New York end zone begins (18:00)
If your server times are different, all times are GMT+3 (normal server time). Additionally, for vertical lines with daylight saving time changes, the time should be updated manually.
Added custom EMA indicator with 4 periods, customizable.
Good luck!
























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