Indicators & AddOns NinjaTrader8 HMA Wave This is another adaptation of the HMA. Big Mike( from futures.io)  built a similar indicator years ago for NT7 and it was based on the EMA. I like the HMA because it hugs the price better and changes direction sooner. This indie paints 2 HMAs that trail the primary HMA by x candles. This HMA can be smoothed by an EMA of 1 or greater periods. In addition, you can colour the background based on the slope of the HMA. As with many of my recent indicators, they only calculate what is on the screen. The indie will not show if you scroll back…

The initial balance refers to the price range and trading volume of the first few minutes of a trading session. The initial balance is often used as a reference point for traders to determine the market trend and to develop trading strategies for the rest of the session. The Initial Balance strategy involves placing trades based on the market’s direction after the initial balance period has ended. The Initial Balance period typically lasts for the first 30 minutes to 1 hour of a trading session, during which the market is usually the most volatile. Traders often use this time to assess the market and establish the direction of the trend.…