NQ Initial Balance

NQ Initial Balance (NQ only)

Tracks the Initial Balance (first hour of RTH, 9:30-10:30 AM ET) and provides real-time levels, quadrant analysis, and probability-based trade setups for NQ (Nasdaq) futures.

How it works: Price closes within the IB range in one of three quadrants — Upper (75-100%), Lower (0-25%), or Middle (25-75%). The quadrant determines directional bias and optimal entry levels based on backtested probabilities.

Features:

• Real-time IB box that builds live during the 9:30-10:30 session
  
• IB High/Low lines extended through the trading day
  
• 25%/75% quartile levels (primary support/resistance)
  
• 50% midline
  
• 0.5x and 1.0x extension targets (upside and downside)
  
• Quadrant shading (today only) showing where price sits relative to IB
  
• Break detection with timing classification (Immediate vs Delayed)
  
• Retracement depth tracking after first break
  
• Info dashboard with bias, probabilities, optimal entry, and target levels
  
• Break status panel with time-to-break and retracement data
  
• Dark/Light dashboard theme for any chart background
  
• "Waiting for IB" / "Building IB..." status when IB is not yet established
  
• 9 alert conditions: IB established, optimal entry touches, IB breaks, and target hits (all wick-based)
  

Important — NQ-specific hardcoded stats: The probability statistics displayed in the dashboard (break direction %, pullback %, target hit %) are derived from a 3-year backtest of NQ data (Jan 2023 - Dec 2025, 614 trading days).


!! These numbers do not apply to ES, YM, forex, crypto, or other instruments. If you use this on a different asset, the levels and structure will work but the probabilities shown will not be accurate for that market.

Settings: All session times, display options, colors, alert toggles, and dashboard theme are fully configurable through the indicator settings panel.