SPY SPX ES Price Converter+ [Pt]

29 Apr 2023

This is a + version of my original SPY SPX ES Price Converter indicator
https://www.tradingview.com/script/rWSx5jIz-SPY-SPX-ES-Price-Converter-Pt/

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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This script includes the following premium unique features.

SPY / SPX Gaps detector
A gap is an area on a chart where the price between two bars changes significantly without any trades happening between them. Such gaps often occur when a strong shift in sentiment happens during the hours when markets are usually closed. This indicator highlights these gaps on the chart and extends them further until they have been covered (i.e., when a newer bar has crossed that gap).

Overnight gaps from SPY or SPX can be mapped directly onto ES chart
https://www.tradingview.com/x/29R7oh93/

VWAPs

VWAPs of these linked instruments can be mapped onto the chart. For example, ES VWAP mapped onto SPY chart, or vise versa. This allows for clear visualization of the price action near these VWAP levels.
https://www.tradingview.com/x/Zm40cNw5/
https://www.tradingview.com/x/OaNWTzRw/

Custom Cross Instruments Price Targets

Want to trade SPY options while watching ES chart or vise versa? You can setup to 8 price targets and see the corresponding converted price level. No need to switch between charts to try to figure out which price level corresponds to which.
https://www.tradingview.com/x/IKQjpwIB/

2 Mei 2023

Nota Keluaran

fixed minor bug on PT 7

10 Mei 2023

Nota Keluaran

Updated to show gap filled area.

10 Mei 2023

Nota Keluaran

Fixed display bug from last update

https://www.tradingview.com/x/ZJRElhkh/

24 Mei 2023

Nota Keluaran

Bug fix: Runtime error caused by gaps that occur too far back in history. Such gaps will disappear completely once tested.

24 Mei 2023

Nota Keluaran

Minor bug fix.

22 Jun 2023

Nota Keluaran

█ Feature Updates

Added customizable ticker input to enable users to choose any correlated instruments.
Added option to apply SMA (simple moving average) to converted VWAP lines to smooth out 'noisy' VWAP lines cause by price fluctuation discrepancies between chart and converted instruments.
https://www.tradingview.com/x/ajoNDEmd/

8 Jul 2023

Nota Keluaran

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

https://www.tradingview.com/x/enYYBlXG/

8 Sep 2023

Nota Keluaran

Minor update to Price Table font color to resolve white on white issue.

30 Sep 2023

Nota Keluaran

Added options to show additional converted price on custom price targets.

3 Okt 2023

Nota Keluaran

Fixed bugs.

11 Jan

Nota Keluaran

◊ 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.
  

9 Mei

Nota Keluaran

◊ Adding the following features for Custom Price Levels:

• Customizable label font size
  
• Customizable target level start offset value
  
• Option for a global label position offset value
  
• Customizable labeling text for each Custom Price Level
  

21 Mei

Nota Keluaran

◊ Bug fixed

• Conversion lines won't display / display incorrectly on Daily timeframe or above
  

31 Mei

Nota Keluaran

◊ Adding the following feature:

• Option to toggle Extended Hour Session background highlight
  

◊ Enhancement / Bug fixed:

• Removed SPY and SPX VWAP lines during closed market
  
• In some instances, gaps weren't closing properly
  

24 Jul

Nota Keluaran

◊ 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.