
Initial Balance, simplified for you π
My IB Confluence Map, now on NinjaTrader 8. It runs the same engine as my TradingView version.
It draws the IB from 9:30 to 10:30 New York time. High, low, 50%, 25% and 75%. The levels and VWAP run until 13:00.
Then it adds the confluences that help you understand the range.
Volume levels. The IB volume profile with POC, VAH and VAL.
Smart time-based SMT. It tracks the order of the IB high and low on NQ, ES and YM. NQβs order differs from ES or YM? At the IB close it prints an SMT label and fires an alert. The SMT table shows each marketβs order live.
Session VWAP, anchored at the 9:30 open.
Stats-based IB table. It shows which side of the range is more likely to get taken first. Low formed first and price above the 50%? It projects the HIGH. High first and price below the 50%? It projects the LOW. Anything else reads Mixed.
Confluence signals only print inside your signal window. By default that is 10:15 until the IB closes. A buy needs the low first and a pullback to the 75% level. It prints on a close above VWAP. A sell is the mirror. One of each per day max.
Calculated on bar close, so nothing repaints. A signal is final once the bar closes.
NinjaTrader alerts for SMT and signals. 4 plots feed Strategy Builder if you want to build your own strategy. Nothing trades unless you set it up π€
NinjaTrader 8 desktop on Windows. Made for NQ and MNQ, 1 to 15 minute charts. One license key, 2 computers. 7-day free trial.