Market Structure

AMT IB Extreme Order

Predict the first post-IB breakout direction from extreme order

Tracks which IB extreme (High or Low) forms first during the Initial Balance period. 18 years of ES data show LOW first → UP breakout at 74% and HIGH first → DOWN breakout at 67%. Includes IB box visualization, extension levels, breakout detection, and an on-chart dashboard with running stats.

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How It Works

The Initial Balance (IB) is the price range established in the first 60 minutes of RTH. During IB formation, one extreme — the session high or low of the IB period — is set before the other. This order predicts the direction of the first post-IB breakout.

HIGH forms first → IB high is established early, then price pulls down to set the IB low. First breakout tends to be DOWN through the IB low (67% accuracy).
LOW forms first → IB low is established early, then price pushes up to set the IB high. First breakout tends to be UP through the IB high (74% accuracy).
Larger IB ranges produce stronger signals: 77% accuracy for large ranges vs 64% for small.
The signal is stable across 18 years of data with no degradation over time.

On-Chart Features

The study draws the IB range, extension levels, and signal labels directly on your chart. A configurable on-chart dashboard shows IB levels, the current signal, edge probabilities, breakout status, and running win/loss statistics across loaded history.

Backtested Trade Simulation

Built-in trade simulation with configurable entry mode (Breakout, Pullback, or IB Close), stop placement, extension targets, break-even management, and trailing stop modes. Trade markers and an equity curve can be displayed on the chart for walk-forward analysis.

Requirements

Sierra Chart with ACSIL (Advanced Custom Study Interface and Language)
Chart timeframe: 1, 2, 5, 10, or 15 minutes
RTH Start/End times configured in your chart's timezone

Input & Settings

No.	Input Name	Function
1	IB Duration (minutes)	Duration of the Initial Balance period. Default: 60. Range: 15–120.
2	Show IB Box	Draw the IB range as a filled rectangle. Default: No.
3	Show IB High/Low/Mid Lines	Draw horizontal lines at IB High, Low, and Midpoint. Default: Yes.
4	Show Extension Levels	Draw IB extension levels (1.25x through 2.5x). Default: No.
5	Show Signal Labels	Display text labels for the IB extreme order signal. Default: No.
6	Show Dashboard	Display the on-chart dashboard panel with IB data and statistics. Default: Yes.
7	Show Breakout Markers	Draw arrow markers when price breaks above/below the IB range. Default: No.
8	IB Box Color	Color for the IB box rectangle. Default: Blue.
9	Dashboard Position	Horizontal and vertical position of the dashboard panel (0–100). Default: H=1, V=85.
10	Market	Market selection: Auto, ES, NQ, RTY, CL. Auto detects from chart symbol. Default: Auto.
11	Show 1m/5m Direction	Show first 1-min and 5-min bar direction in the dashboard. Default: Yes.
12	RTH Start/End Time	RTH session times in your chart's timezone. Default: 06:30 / 13:00 (Pacific).
13	Trade Target Extension	Extension level for trade targets: 1.25x through 2.50x. Default: 1.50x.
14	Move Stop to BE+1 at 50%	Move stop to breakeven + 1 tick when price reaches 50% of target. Default: Yes.
15	Trail Mode	Trailing stop mode after BE is hit: None, Step 0.25x, Half Move, Bar Low/High, Fixed Pts, Fixed from Entry. Default: None.
16	Entry Mode	Trade entry trigger: Breakout, Pullback, or IB Close. Default: Pullback.
17	Stop Placement	Where the initial stop is placed: IB Mid, IB Extreme, or Below IB. Default: IB Extreme.
18	Show Trade Markers	Display entry/exit arrows for simulated trades. Default: No.
19	Show Equity Curve	Display the running equity curve from simulated trades. Default: No.

1IB Duration (minutes)

Duration of the Initial Balance period. Default: 60. Range: 15–120.

2Show IB Box

Draw the IB range as a filled rectangle. Default: No.

3Show IB High/Low/Mid Lines

Draw horizontal lines at IB High, Low, and Midpoint. Default: Yes.

4Show Extension Levels

Draw IB extension levels (1.25x through 2.5x). Default: No.

5Show Signal Labels

Display text labels for the IB extreme order signal. Default: No.

6Show Dashboard

Display the on-chart dashboard panel with IB data and statistics. Default: Yes.

7Show Breakout Markers

Draw arrow markers when price breaks above/below the IB range. Default: No.

8IB Box Color

Color for the IB box rectangle. Default: Blue.

9Dashboard Position

Horizontal and vertical position of the dashboard panel (0–100). Default: H=1, V=85.

10Market

Market selection: Auto, ES, NQ, RTY, CL. Auto detects from chart symbol. Default: Auto.

11Show 1m/5m Direction

Show first 1-min and 5-min bar direction in the dashboard. Default: Yes.

12RTH Start/End Time

RTH session times in your chart's timezone. Default: 06:30 / 13:00 (Pacific).

13Trade Target Extension

Extension level for trade targets: 1.25x through 2.50x. Default: 1.50x.

14Move Stop to BE+1 at 50%

Move stop to breakeven + 1 tick when price reaches 50% of target. Default: Yes.

15Trail Mode

Trailing stop mode after BE is hit: None, Step 0.25x, Half Move, Bar Low/High, Fixed Pts, Fixed from Entry. Default: None.

16Entry Mode

Trade entry trigger: Breakout, Pullback, or IB Close. Default: Pullback.

17Stop Placement

Where the initial stop is placed: IB Mid, IB Extreme, or Below IB. Default: IB Extreme.

18Show Trade Markers

Display entry/exit arrows for simulated trades. Default: No.

19Show Equity Curve

Display the running equity curve from simulated trades. Default: No.

Subgraphs

No.	Subgraph Name	Function & Comments
1	IB High	Horizontal line at the IB High. White, width 3.
2	IB Low	Horizontal line at the IB Low. White, width 3.
3	IB Mid	Dashed line at the IB midpoint. Gray.
4	Extension Levels	Dashed lines at 1.25x, 1.5x, 1.75x, 2.0x, 2.25x, 2.5x above and below the IB range.
5	Breakout Up	Up arrow when price breaks above IB High. Teal.
6	Breakout Down	Down arrow when price breaks below IB Low. Red.
7	Trade Markers	Entry/exit arrows for simulated trades (long entry, short entry, win exit, loss exit).

1IB High

Horizontal line at the IB High. White, width 3.

2IB Low

Horizontal line at the IB Low. White, width 3.

3IB Mid

Dashed line at the IB midpoint. Gray.

4Extension Levels

Dashed lines at 1.25x, 1.5x, 1.75x, 2.0x, 2.25x, 2.5x above and below the IB range.

5Breakout Up

Up arrow when price breaks above IB High. Teal.

6Breakout Down

Down arrow when price breaks below IB Low. Red.

7Trade Markers

Entry/exit arrows for simulated trades (long entry, short entry, win exit, loss exit).

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