The PSP - NQ ES YM indicator tracks the price movements of the NQ, ES, and YM futures to identify correlation and divergence between them.
🔸 Orange dot (above candle) → When NQ and ES have opposite trends (one up, one down). 🔹 Blue dot (below candle) → When YM differs from either NQ or ES, but NQ and ES are aligned. 🟠🔹 Both dots on the same candle → When NQ and ES differ, and one of them also differs from YM. 🟢 Green dot (above candle at 12 AM NY time) → Marks the daily open at 12 AM New York time.
This helps traders spot market divergence patterns between major indices and potential trading opportunities. 🚀