Initial Balance & Mid Indicator

NinjaTrader 8 Indicator for Initial Balance, Mid and more

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, …).

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Initial Balance & Mid

Indicator for NinjaTrader 8
$ 59 Lifetime License
  • Initial Balance High & Low
  • Initial Balance Extensions
  • Session Mid / Half-Back
  • Day Mid / Half-Back
  • High & Low of the Day
  • Overnight High & Low
  • Prior Session High, Low & Close
  • Opening Range (Time Based)
  • Opening Price
  • Configurable Start & End times
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2 Week Trial / No Payment / No Questions Asked.

Indicator Price Levels

Initial Balance

Initial Balance High & Low

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

Session and Day Mid

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

Day High & Low

Day High & Low

The Day High & Low is the Highest and Lowest price that was traded during the day.

Session Open

Session Open

The Session Opening price can give an indication of a rotational or trending day

Screenshot Gallery

Product Description

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.

Configuration Options

Plot Only What you Need

Pick and choose the levels which are relevent for your trading strategy

Initial Balance Start & End Time

Specify the timeframe that needs to be considered for the Initial Balance.

Session Start & End Time

The Day High & Low is the Highest and Lowest price that was traded during the day.

AT: properties configuration for the color

Color And Styling

Configure the price levels as they fit your Charts color scheme

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Installation Instructions

License Instructions

Disclaimer

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