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 the opening range/initial balance of the session, regardless of market instrument. This FREE indicator not only plots the initial balance at your desired time, but it also keeps developing as time progresses; but as soon as the opening range time ends, it stops plotting. Two extension levels are also plotted to give you an indication of highly likely bounce back levels, which are respected by the market. The best part of this indicator is, the extension levels are drawn during the opening range and never change later. Therefore, very early in the session, you know the levels to be careful of. This indicator only works on intraday timeframe (TF) charts at the moment, but it works on any financial market instrument.

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