ItsAnders81

SPY to ES / MES

ItsAnders81 Updated   
SPY to ES is an indicator that converts SPY price targets to ES / MES futures price targets.

This indicator is helpful when you have price targets for SPY but trade ES or MES futures instead of SPY. It coverts the SPY price targets to ES / MES futures, and draws the SPY VWAP line on your ES / MES chart.

It supports the following lines
  • Bullish Above
  • Bearish Below
  • Long PT1
  • Long PT2
  • Long PT3
  • Short PT1
  • Short PT2
  • Short PT3

It also converts the SPY VWAP to it's current ES / MES value.

Note: The conversion do not work during pre and after market and the lines are only correct during market hours.
Release Notes:
Lines are now correctly drawn in extended hours (pre and after market)
Added a table in upper right corner that shows current price of SPY
Release Notes:
Updated default smoothing value for price targets and bullish above, bearish below lines.
Added option to smooth VWAP line.
Added option to select where to place the table on the chart.
Optimized and cleaned up the code a bit.
Release Notes:
Fixed a bug where the table showing price of SPY would not show correct price during pre and after market.
Release Notes:
VWAP from SPY now uses extended session hours
Release Notes:
Added support for a fourth price target both on short and long side
Release Notes:
Added inputs for darkpool print and late print
Increased bullish and bearish price targets to 5
Changed default line size and colors
Release Notes:
Updated code to make lines more stable and accurate
Release Notes:
Updated indicator to support ES / MES levels to SPY. The indicator now supports two way conversion.
Release Notes:
- Added option to select symbol (SPY or QQQ) to get price targets and VWAP from. Selecting QQQ on a chart showing NQ / MNQ futures now converts from QQQ.
- Added option to select extended or regular hours. This impacts how VWAP is calculated.

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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