Initial Balance with Extension Levels - Video Tutorial

This absolutely free custom NinjaTrader 8 indicator is developed for traders like you who want to trade using opening range / initial balance of the session regardless of market instrument. This FREE indicator not only plots initial balance at your desired time, it keeps developing as time progresses; but as soon as opening range time ends, it stops plotting. Two extension levels also plotted to give you indication of highly likely bounce back levels which is respected by the market. Best part of this indicator is, those extension levels are drawn during the opening range and never changes later. Therefore, very early in the session you know the levels to be careful of. This indicator only works on intraday TF charts at the moment, but works on any financial market instrument.

For more information and to use this, please visit: https://rizecap.com/free-indicator/rcibwithextension-free-indicator/