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
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█ Feature Updates
Added customizable ticker input to enable users to choose any correlated instruments.
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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...etc
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◊ 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.
Hi PtGambler, Great indicator but I noticed a bug: On the 4h ES the indicator doesn't show correct SPX values. It works fine on everything else I've tested (15m & under, 1D). What I noticed is on 4h it shows exactly the close of the previous candle of 4h SPX. That's why I tested it on the daily, because I thought it updates on candle close, but the daily displays it fine. Annoying bug for sure!
Juno-BDE
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Do I need to change anything in settings to convert accurately? Do settings need updating by user?
PtGambler
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@Juno-BDE, nope~ prices are converted in realtime. But note that the pirce levels may jitter around a little due to price movement differences between the trading instruments.
Great indicator but I noticed a bug: On the 4h ES the indicator doesn't show correct SPX values. It works fine on everything else I've tested (15m & under, 1D). What I noticed is on 4h it shows exactly the close of the previous candle of 4h SPX.
That's why I tested it on the daily, because I thought it updates on candle close, but the daily displays it fine.
Annoying bug for sure!