OPEN-SOURCE SCRIPT
Initial Balance FDAX1!
Initial Balance FDAX — a fork of the original Initial Balance indicator by noop-noop, adapted specifically for FDAX / GER40 trading.
What's changed:
🕐 Timezone-proof IB detection — the script uses hour(time, "Europe/Berlin") internally, so the Initial Balance is always calculated correctly regardless of your chart's timezone setting. No more manual time shifting. DST (CET ↔ CEST) is handled automatically.
📻 Two IB session modes:
Frankfurt Trading Hours — IB 08:00–09:00 CET (Frankfurt trading opens at 08:00)
XETRA — IB 09:00–10:00 CET (XETRA cash market opens at 09:00)
⚙️ A.T. default settings — all default values are pre-configured for the Fix PIPS community setup. Use TradingView's built-in Defaults → Reset to defaults to restore them at any time.
All original features preserved: IB levels (IBH/IBL/IBM), extensions (x2, x3), 50% intermediate levels, IB delta analytics, customizable colors and line styles.
Credits: Based on the original work by noop-noop. Forked and customized for the Fix PIPS community.
What's changed:
🕐 Timezone-proof IB detection — the script uses hour(time, "Europe/Berlin") internally, so the Initial Balance is always calculated correctly regardless of your chart's timezone setting. No more manual time shifting. DST (CET ↔ CEST) is handled automatically.
📻 Two IB session modes:
Frankfurt Trading Hours — IB 08:00–09:00 CET (Frankfurt trading opens at 08:00)
XETRA — IB 09:00–10:00 CET (XETRA cash market opens at 09:00)
⚙️ A.T. default settings — all default values are pre-configured for the Fix PIPS community setup. Use TradingView's built-in Defaults → Reset to defaults to restore them at any time.
All original features preserved: IB levels (IBH/IBL/IBM), extensions (x2, x3), 50% intermediate levels, IB delta analytics, customizable colors and line styles.
Credits: Based on the original work by noop-noop. Forked and customized for the Fix PIPS community.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.