One of my favourite trade setups which is easy to spot. We are using the Initial Balance and Prior Session Highs to spot the setup. I go over what to look for, when to enter, and when to close the trade.
The examples are using the E-Mini S&P 500 (ES)
To add the Initial Balance to your NinjaTrader charts, download the indicator here.
See Gaps & Prior Highs/Lows/Closes on your NinjaTrader charts.
For statistics on the Initial Balance and Prior High/Low/Close tests, check out our Reports.