Description The QQQ NDX NQ 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 QQQ, NDX, NQ, and NAS100USD. 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 QQQ. This allow user to set a base price interval for QQQ. For example with multiple of 5 and base of 5, QQQ price levels on NQ chart will display 365, 370, 375...etc instead of 366, 371, 376...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.
Awesome script. Very helpful! My only feedback is that on NQ when I have QQQ price lines rendering, the price is wrong on higher timeframes
PtGambler
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@cunningfolk, thanks man~! Much appreciated. Can you let me know what timeframe you start to see wrong conversion?
cunningfolk
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@PtGambler, It looks like the issue has been corrected. When I checked MNQ this morning, on the 65-minute chart, the prices on the QQQ lines were off by about 3 points. It might be related to a lag from when pre-market resolves to regular trading hours.
PtGambler
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@cunningfolk, ya~ unfortunately it can only convert with open market price, otherwise, it uses the last close price.
MAUYONZO
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Hola como estas? Queria consultarte si no tienes el indicador disponible para ninjatrader