PERFILTRADE
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Session Setup State

Setup State: a free TradingView indicator

What state are today's gap, Initial Balance and opening range in?

  • Free
  • Open source
  • Every percentage with its n
  • No signals
Add on TradingView →
ES chart on TradingView with Setup State: table with the state of the gap, the Initial Balance and the opening range at the close of the session.
ES, 5-minute bars, regular session of 16 Oct 2026. TradingView capture.
  • For each reading, its state: in play, back inside, done or invalidated.
  • While the gap is open, how many past sessions that had it open at the same time of day filled it before the close, with the rate of all cases as the base.
  • A broken range shows only its state, with no percentage, and a rate with fewer than 10 cases is not printed.

How it is computed

Frequencies are measured on past sessions of the same market at the same time of the session, pooled over all weekdays. While the Initial Balance is unbroken, it shows how often one of that size broke before the close. Levels are fixed once their window is complete.

How to add it

  1. Open it on TradingView and press "Use on chart" or "Add to favorites".
  2. Or copy the code, open TradingView's Pine editor, paste it and press "Add to chart".

The measurement behind it

One of our guides' tables on the same thing the indicator measures, with its sample and its date range.

What the day does by Initial Balance size

ES

Swipe to see the sample →

IB sizeBreaks one sideBreaks both sidesNo breakSessions
0-0.25%64.2%34.1%1.7%533
0.25-0.5%68.3%30.1%1.6%1,796
0.5-0.75%73.8%23.7%2.6%1,014
0.75-1.0%72.5%23.5%4.0%455
1.0-1.5%76.1%18.1%5.8%293
1.5-2.0%70.2%29.8%0.0%57
>2.0%70.6%20.6%8.8%34

n = 4,182 · 2010-06-07 to 2026-09-15 · historical futures data

IB size as a percentage of price. A narrow IB breaks both sides more often (more rotation); a wide one tends to break only one side.

Download the table (CSV) ↓

Read the full guide: Initial Balance: What It Is and How to Use It Intraday →

Frequently asked questions

Are they free?

Yes. All of them are public and open source on TradingView, and you add them with a free account. TradingView's free plan limits how many indicators you can have on a chart at once.

Do they repaint?

Key Levels and Setup State fix each level when its period or window ends; only the table updates inside the bar. The Session Profile of the session in progress changes until the close, and a finished session's profile no longer changes.

What data do they use?

The data of the chart you open them on. The historical frequencies are embedded in the indicator and say up to which date they were measured and over how many sessions.

Why do they give no signals?

Because a historical percentage describes how much and how often the market moved in the past, not where it will go today. That is why every figure comes with its sample and none of them suggests trades.

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