Edge Levels (ES/NQ) - ArchReactor

15 de set.

Credit: I got the idea from here

Edge Levels provides a smart, pre-calculated volatility map for the E-mini S&P 500 — based on the previous session’s close and the closing value of the VIX.

How It Works

It is based on the Expected move formula:
EM = (ES/NQ PrevClose) × (Vol. Idx/100) × √(1/N)

Where:

• ES/NQ PrevClose = Prior daily close on ES/NQ
  
• Vol. Idx = Prior daily close of CBOE Volatility Index (For ES we use VIX and for NQ we use VXN)
  
• N = Number of days (default: 252 or 365)
  - 365 = Calendar-based normalization
  - 252 = Trading day normalization (used by many institutional models)
  

Then this plots 8 support and 8 resistance levels based on Standard Deviation multipliers.

Inputs:
Asset Type: ES/NQ
Manual Override: If this is selected then we can manually enter the close of ES/NQ and VIXVXN
Normalization: 252/365 Days

For Manual Input:

Manual Input – Official Sources
ES Daily Settlement:
👉 cmegroup.com/markets/equities/sp/e-mini-sandp500.settlements.html

NQ Daily Settlement:
👉 cmegroup.com/markets/equities/nasdaq/e-mini-nasdaq-100.settlements.html

VIX Close Value:
👉 cboe.com/us/indices/dashboard/vix/

VXN Close Value:
👉 cboe.com/us/indices/dashboard/vxn/

How to use
Combine it with various confirmations:

• RSI/Stochastic or MFI Divergences.
  
• Higher TF Levels or Supply and Demand Zones.
  
• VWAP /200 ema
  
• Failed breakout setup.
  

15 de set.

Notas de Lançamento

Added ability to change Table Location and Table Size.

15 de set.

Notas de Lançamento

Fixed small bugs

17 de set.

Notas de Lançamento

Prev Close was displaying wrongly , I have fixed that display logic .

18 de set.

Notas de Lançamento

Added Additional Symbols ,
QQQ | SPY | SPX | NDX

Note: It needs a volatility correlation , so Nasdaq and S&P have volatility correlation, hence it works best on those indices.

19 de set.

Notas de Lançamento

Fixed a bug for closed value at for SPY and other symbols that dont trade ON

26 de set.

Notas de Lançamento

Added CL and GC to the mix of assets .

16 de out.

Notas de Lançamento

Added RTY, RUT and YM

17 de out.

Notas de Lançamento

Some users noticed that the levels moved intraday, I noticed the value of Vix wasnt correctly taking previous day's close. It was taking current intraday value. Changed that.

17 de out.

Notas de Lançamento

Updated the title of script

há 4 dias

Notas de Lançamento

- Added an option to use VX Futures instead of VXN/VIX for NQ/ES
- Updated label from Prev Close to Prev Settlement as that closely represents the levels.