The Initial Balance indicator is a price action indicator which calculates the Initial Balance of any market and visualizes potential turning points and support and resistance levels.
All key levels are calculated and plotted on your trading chart as soon as the Initial Balance is established and before the action starts. These predictive plots will allow you to plan your trade’s head of the game to ensure the lowest stress level possible while trading.
No matter if you trade with the Trend or counter Trend you will find a great value in this high quality price action levels which can be used for trade entries, exits or stop placements.
The Indicator is NinjaScript ready! It exposes the values for use in your automated strategies and systems.