OPEN-SOURCE SCRIPT
SPX Levels Adjusted to ES1!
This indicator allows you to plot custom SPX levels directly on the ES1! (E-mini S&P 500 Futures) chart, automatically adjusting for the spread between SPX and ES1!. This is particularly useful for traders who perform technical analysis on SPX but execute trades on ES1!.
Features:
Ideal for futures traders who want SPX context while trading ES1!.
Make sure to apply this indicator on the ES1! chart, not SPX.
Features:
- Input up to three SPX key levels to track (e.g., 5000, 4950, 4900)
- The script adjusts these levels in real-time based on the current spread between SPX and ES1!
- Displays the spread in the chart header for quick reference
- Plots updated horizontal lines that move with the spread
- Includes optional labels showing the spread periodically to reduce clutter
Ideal for futures traders who want SPX context while trading ES1!.
Make sure to apply this indicator on the ES1! chart, not SPX.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.