OPEN-SOURCE SCRIPT
ES on MNQ
ES on MNQ — ES percent-move overlay on the MNQ price scale
Overview
This indicator projects the ES’s intraday percent change since session open onto the MNQ price scale. At the session start (18:00 global chart time), it stores the ES open and the MNQ open, tracks ES’s percentage move from that anchor, and applies the same percent move to the MNQ open. The result is a single line that behaves like ES but is plotted in MNQ points—useful for spotting convergence/divergence, failed breaks, and mean-reversion setups between ES and MNQ.
How it works
1. Detects session open (18:00 on your chart).
2. Saves ES_open and MNQ_open.
3. Computes pct = (ES_close - ES_open) / ES_open.
4. Plots MNQ_open * (1 + pct) as the ES-on-MNQ line.
A label on the last bar shows the current ES value for quick reference.
Inputs
• ES Symbol: default ES1! (change if you use a different continuous).
• Line Color: color of the overlaid ES-on-MNQ line.
Works best on intraday timeframes and when your chart’s session aligns with ES.
Why it’s useful
• Highlights divergences (MNQ decoupling from ES baseline).
• Aids confirmation on pullbacks/breakouts when MNQ’s move disagrees with the ES-based projection.
• Helps risk control by flagging stretches likely to revert toward the ES-anchored path.
Notes & limitations
• This is a percent-rebasing overlay, not a hedge ratio, fair value, or spread model.
• Session/timezone settings matter; if your feed doesn’t print exactly at 18:00 on a higher timeframe, use a smaller TF or adjust session settings.
• Minor differences between ES (full) and MNQ (micro) and data latency can create small offsets.
Disclaimer
For educational use only. Not financial advice. Use proper risk management.
Overview
This indicator projects the ES’s intraday percent change since session open onto the MNQ price scale. At the session start (18:00 global chart time), it stores the ES open and the MNQ open, tracks ES’s percentage move from that anchor, and applies the same percent move to the MNQ open. The result is a single line that behaves like ES but is plotted in MNQ points—useful for spotting convergence/divergence, failed breaks, and mean-reversion setups between ES and MNQ.
How it works
1. Detects session open (18:00 on your chart).
2. Saves ES_open and MNQ_open.
3. Computes pct = (ES_close - ES_open) / ES_open.
4. Plots MNQ_open * (1 + pct) as the ES-on-MNQ line.
A label on the last bar shows the current ES value for quick reference.
Inputs
• ES Symbol: default ES1! (change if you use a different continuous).
• Line Color: color of the overlaid ES-on-MNQ line.
Works best on intraday timeframes and when your chart’s session aligns with ES.
Why it’s useful
• Highlights divergences (MNQ decoupling from ES baseline).
• Aids confirmation on pullbacks/breakouts when MNQ’s move disagrees with the ES-based projection.
• Helps risk control by flagging stretches likely to revert toward the ES-anchored path.
Notes & limitations
• This is a percent-rebasing overlay, not a hedge ratio, fair value, or spread model.
• Session/timezone settings matter; if your feed doesn’t print exactly at 18:00 on a higher timeframe, use a smaller TF or adjust session settings.
• Minor differences between ES (full) and MNQ (micro) and data latency can create small offsets.
Disclaimer
For educational use only. Not financial advice. Use proper risk management.
オープンソーススクリプト
TradingViewの精神に則り、この作者はスクリプトのソースコードを公開しているので、その内容を理解し検証することができます。作者に感謝です！無料でお使いいただけますが、このコードを投稿に再利用する際にはハウスルールに従うものとします。
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。
オープンソーススクリプト
TradingViewの精神に則り、この作者はスクリプトのソースコードを公開しているので、その内容を理解し検証することができます。作者に感謝です！無料でお使いいただけますが、このコードを投稿に再利用する際にはハウスルールに従うものとします。
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。