SPY → ES 11 Levels with Labels

7 hours ago

📌 Description for SPY → ES 11-Level Converter (with Labels)

This script converts important SPY options-based levels into their equivalent ES futures prices and plots them directly on the ES chart.
Because SPY trades at a different price scale than ES, each SPY level is multiplied by a customizable ES/SPY ratio to project accurate ES levels.

It is designed for traders who use SpotGamma, GEXBot, MenthorQ, Vol-trigger levels, or their own gamma/oi/volume models.

🔍 Features
✅ Converts SPY → ES using custom or automatic ratio

Option to manually enter a ratio (recommended for accuracy)

Or automatically compute ES/SPY from live prices

✅ Plots 11 major levels on the ES chart

Each level can be individually turned ON/OFF:

Call Wall

Put Wall

Volume Trigger

Spot Price

+Gamma Level

–Gamma Level

Zero Gamma

Positive OI

Negative OI

Positive Volume

Negative Volume

All levels are drawn as clean horizontal lines using the converted ES value.

6 hours ago

Release Notes

📌 SPY → ES 11-Level Converter (Hybrid RTH/Globex Ratio)

This indicator converts key SPY options-based price levels into their equivalent ES futures levels and plots them directly on the ES chart. It is designed for intraday and overnight futures traders who rely on options-derived levels such as call walls, put walls, gamma levels, volume triggers, spot levels, and open-interest pivots.

The script provides a hybrid ratio engine that automatically adapts between RTH (Regular Trading Hours) and Globex, ensuring precision during active market hours while maintaining stable, non-drifting levels overnight.

🔍 Key Features
✔ Hybrid RTH/Globex Ratio Engine

RTH (09:30–16:00 NY time):
The ES/SPY ratio updates automatically using live market data.

Globex (overnight):
The ratio is frozen at the last RTH value, preventing ratio drift caused by SPY being closed.

This produces the most realistic and stable ES-converted levels for overnight futures trading.

You can also choose:

Manual Ratio (fixed value)

Auto 24h (continuously updated, RTH + Globex)

📈 11 SPY Levels Converted to ES

Each SPY level can be enabled/disabled individually:

Call Wall

Put Wall

Volume Trigger

Spot Price

+Gamma

–Gamma

Zero Gamma

Positive Open Interest

Negative Open Interest

Positive Volume

Negative Volume

All levels are converted using the chosen ES/SPY ratio and plotted as clear horizontal lines on the ES chart.