PROTECTED SOURCE SCRIPT
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:
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.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.