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indicators
ATAS tools
Custom indicators built for the ATAS platform, shipped as a single DLL in a zip archive.
Sessions Open / Daily Close / Initial Balance
This indicator displays key trading session levels based on the Initial Balance concept, widely used in futures and forex trading. It highlights the session open line, the previous session daily close line extended for reference, and a customizable transparent IB zone covering the price range established during the first N minutes of the session.
Key features include IBH (IB High), IBM (IB Middle) and IBL (IB Low) lines, along with dynamic IBx extensions that appear progressively as price breaks through prior levels: IBx1H/L for one IB range, up to IBx10H/L, configurable. Optional IBxM midpoint lines display between extensions only if the IB range exceeds a configurable minimum threshold, which keeps charts free of clutter.
Everything is customizable: session times, IB duration in minutes, maximum extensions from 1 to 20, colors, line widths, styles and label font sizes. Rooted in market profile and auction market theory, the Initial Balance defines the session initial price range, and its extensions often act as support, resistance and target levels.
Download the indicator
9.5 KB zip · build 2026-02-05
The archive contains Sessions DC O IB.dll. Unzip it into your ATAS indicators folder, then restart the platform.