This indicator is used to automatically map an ETF's VWAP and 10 levels above and below the strike of your choice, to the futures or index instrument currently being viewed/traded. This works very well when using both SPY to ES/MES/SPX or QQQ to NQ/MNQ/NDX to plot the ETF strikes and can lead to some incredible trades, especially when trading level to level. ...
This indicator plots the Cash Initial Balance for the ES, YM, NQ.
The Cash Initial Balance for US indices is the high & low from 9:30-10:30 ET, the first hour after the NYSE open.