The Initial Balance indicator for NinjaTrader 8 uses a concept defined by Peter Steidlmayer, as part of Market Profile® and introduced within the Chicago Board of Trade in the mid to late 1980s. Initial balance is defined as the price range established during the first hour of trading in the RTH session (Regular Trading Hours).
Chart Spots confirmed the statistical significance of the Initial Balance High and Low. Similarly for the Mid price of the session / day. With the odds in your favor, you will confidently generate new trade ideas! This powerful NinjaTrader 8 indicator, draws these and other important levels on intra-day charts of any product (Futures, CFD’s, Stocks, ETFs, Forex, …).
2 Week Trial / No Payment / No Questions Asked.
Secure Checkout with Paypal
2 Week Trial / No Payment / No Questions Asked.
The Initial Balance (IB) is defined by the High and Low set during the First Hour of trading during the Regular Trading Hours (RTH). The example shows a 15min candlestick chart
The Session Mid is the halfway price point between the Session High & Low. Similarly for the Day Mid. It often acts as important intraday Support & Resistance
The Day High & Low is the Highest and Lowest price that was traded during the day.
The Session Opening price can give an indication of a rotational or trending day
Initial Balance was conceptualised by Peter Steidlmayer, as part of Market Profile® and introduced within the Chicago Board of Trade in the mid to late 1980s. Initial balance is defined as the price range established during the first hour of trading in the RTH session (Regular Trading Hours).
Chart Spots confirmed the statistical significance of the Initial Balance High and Low. Similarly for the Mid price of the session / day. With the odds in your favor, you will confidently generate new trade ideas! This powerful NinjaTrader 8 indicator, draws these and other important levels on intra-day charts of any product (Futures, CFD’s, Stocks, ETFs, Forex, …).
As a bonus, this indicator can also plot other important intra-day price levels. The Session and Day Mid are price levels which also show statistical significance.
All this combined will simplify your trading decisions and relieve you from the boring and distracting task of keeping track of the changes in these price levels throughout the day. Having the right information present when the time comes to enter or manage a trade, is key to maintaining your peace of mind!
Even though we have backtested Initial Balance and Mid price significance, past performance is not necessarily indicative of future results. Please carefully review our Disclaimer below.
The levels can be plotted on any NinjaTrader 8 Chart that shows intraday data only.
Pick and choose the levels which are relevent for your trading strategy
Specify the timeframe that needs to be considered for the Initial Balance.
The Day High & Low is the Highest and Lowest price that was traded during the day.
Configure the price levels as they fit your Charts color scheme
NinjaTrader® is a registered trademark of NinjaTrader Group, LLC. No NinjaTrader company has any affiliation with the owner, developer, or provider of the products or services described herein, or any interest, ownership or otherwise, in any such product or service, or endorses, recommends or approves any such product or service.
Our Indicators are built exclusively for the NinjaTrader Platform – Our #1 recommended trading platform
Read our Disclaimer , Terms and Conditions and Privacy and Cookie Policy.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
GOVERNMENT REGULATIONS REQUIRE DISCLOSURE OF THE FACT THAT WHILE THE TRADING IDEAS AND TRADING METHODS SHOWN ON THIS WEBSITE MAY HAVE WORKED IN THE PAST; BUT PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. WHILE THERE IS A POTENTIAL FOR PROFITS THERE IS ALSO A HUGE RISK OF LOSS. A LOSS INCURRED IN CONNECTION WITH TRADING FUTURES CONTRACTS, STOCKS, OPTIONS OR FOREX CAN BE SIGNIFICANT. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION SINCE ALL SPECULATIVE TRADING IS INHERENTLY RISKY AND SHOULD ONLY BE UNDERTAKEN BY INDIVIDUALS WITH ADEQUATE RISK CAPITAL.
RISK DISCLOSURE: FUTURES AND FOREX TRADING CONTAINS SUBSTANTIAL RISK AND IS NOT FOR EVERY INVESTOR. AN INVESTOR COULD POTENTIALLY LOSE ALL OR MORE THAN THE INITIAL INVESTMENT. RISK CAPITAL IS MONEY THAT CAN BE LOST WITHOUT JEOPARDIZING ONES’ FINANCIAL SECURITY OR LIFE STYLE. ONLY RISK CAPITAL SHOULD BE USED FOR TRADING AND ONLY THOSE WITH SUFFICIENT RISK CAPITAL SHOULD CONSIDER TRADING. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS
TESTIMONIAL DISCLAIMER: TESTIMONIALS APPEARING ON CHARTSPOTS.COM MAY NOT BE REPRESENTATIVE OF THE EXPERIENCE OF OTHER CLIENTS OR CUSTOMERS AND IS NOT A GUARANTEE OF FUTURE PERFORMANCE OR SUCCESS
ALL INFORMATION ON THIS WEBSITE IS PROVIDED FOR EDUCATIONAL PURPOSES ONLY AND NOT AN OFFER OR A RECOMMENDATION TO TRADE FUTURES CONTRACTS, STOCKS, OPTIONS OR FOREX.
