[5E OGL] HowTo: Initiative bonus on an item?

I just received a shield that grants +2 to initiative when worn and awake. But I cannot figure out how to add this bonus in a way that can be easily toggled on and off. Any ideas? (I know I could add an "always on" bonus. But most of the time I won't have the shield equipped for social reasons.)

There currently isn't an item modifier for initiative.

You could add this macro and make it a token action (which would require you to select your token to add it to the combat tracker). This will still honor any other bonuses you have applied in the sheet settings and if you choose to use advantage or not. @{selected|wtype}&{template:simple} {{rname=^{init-u}}}} @{selected|charname_output} {{normal=1}} {{mod=[[@{selected|initiative_bonus}?{Initiative Bonus|Yes,+2|No,+0}]]}} {{r1=[[@{selected|initiative_style}+@{selected|initiative_bonus}?{Initiative Bonus|Yes,+2|No,+0}[INIT] &{tracker}]]}} This uses the same code that the OGL Character sheet does to print the Initiative. Likewise you could change all instances of @{selected to @{<Insert your character name here>