OPEN-SOURCE SCRIPT
SPY SPX ES Price Converter [Pt]
Updated
A must have tool for SPY SPX ES traders~!!!
Description
The SPY SPX ES Price Converter is a powerful and easy-to-use tool that allows traders to view corresponding price levels for linked instruments in real-time. This includes SPY, SPX, ES, and SPX500USD. Although these instruments often move in sync, differences in price movements, volume, and trading hours can create unique key levels and support/resistance areas for each. By mapping these levels on the same chart, traders can more easily spot trading opportunities and improve their chances of success.
Customizable features
- multiplier from the closest whole number price level
- line color
- line style
- label position / size
- # of levels to display
- toggle current price display table
Description
The SPY SPX ES Price Converter is a powerful and easy-to-use tool that allows traders to view corresponding price levels for linked instruments in real-time. This includes SPY, SPX, ES, and SPX500USD. Although these instruments often move in sync, differences in price movements, volume, and trading hours can create unique key levels and support/resistance areas for each. By mapping these levels on the same chart, traders can more easily spot trading opportunities and improve their chances of success.
Customizable features
- multiplier from the closest whole number price level
- line color
- line style
- label position / size
- # of levels to display
- toggle current price display table
Release Notes
█ Feature UpdatesAdded customizable ticker input to enable users to choose any correlated instruments.
https://www.tradingview.com/x/FK0essO6/
Release Notes
Added custom price base option for SPY. This allow user to set a base price interval for SPY. For example with multiple of 5 and base of 5, SPY price levels on ES chart will display 435, 440, 445...etc instead of 438, 443, 448...etchttps://www.tradingview.com/x/w92zFxaI/
Release Notes
◊ Added option for conversion update frequency: - Every tick - converted price lines are updated in real time. These converted levels might be 'jumpy' as there is always slight differences in price changes between correlated instruments.
- Per Candle Close - converted price lines are updated once per candle close.
Release Notes
corrected typoRelease Notes
◊ Bug fixed- Conversion lines won't display / display incorrectly on Daily timeframe or above
Release Notes
◊ Bug fixed- Inaccurate SPY and SPX price mapping on ES chart during afterhour sessions without real time SPY / SPX price data. Script will reference 'closing' price of ES chart during regular hours for conversion.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
If you make $$$ off it, consider donating some of your juicy gain :)
Buy me a coffee - buymeacoffee.com/PtGambler
PayPal - paypal.me/PtGambler
You can reach me privately through my Discord Channel: discord.gg/WMQfaVGyQC
Buy me a coffee - buymeacoffee.com/PtGambler
PayPal - paypal.me/PtGambler
You can reach me privately through my Discord Channel: discord.gg/WMQfaVGyQC
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.