This indicator is used to automatically map an ETF's VWAP and 10 levels above and below the strike of your choice, to the futures or index instrument currently being viewed/traded. This works very well when using both SPY to ES/MES/ SPX or QQQ to NQ/MNQ/NDX to plot the ETF strikes and can lead to some incredible trades, especially when trading level to level. Since SPY , QQQ , IWM , and DIA have the same price action as their futures iteration, there seems to be a direct correlation between their levels and VWAP . This indicator is made to easily map these key levels to the appropriate futures instrument. If you have a way to measure GEX centered around a certain level, I recommend color coding the lines to help indicate whether the level will have strong positive or negative gamma hedging associated with it.
Informacje o Wersji:
Fix title/indicator name
Informacje o Wersji:
Fixed issue with ETF VWAP conversion due to input.symbol() not allowing inclusion of extended sessions.
Informacje o Wersji:
Raise line smoothing default and raise max limit.