SPY → ES 11 Levels with Labels

12 hours ago

📌 Description for SPY → ES 11-Level Converter (with Labels)

This script converts important SPY options-based levels into their equivalent ES futures prices and plots them directly on the ES chart.
Because SPY trades at a different price scale than ES, each SPY level is multiplied by a customizable ES/SPY ratio to project accurate ES levels.

It is designed for traders who use SpotGamma, GEXBot, MenthorQ, Vol-trigger levels, or their own gamma/oi/volume models.

🔍 Features
✅ Converts SPY → ES using custom or automatic ratio

Option to manually enter a ratio (recommended for accuracy)

Or automatically compute ES/SPY from live prices

✅ Plots 11 major levels on the ES chart

Each level can be individually turned ON/OFF:

Call Wall

Put Wall

Volume Trigger

Spot Price

+Gamma Level

–Gamma Level

Zero Gamma

Positive OI

Negative OI

Positive Volume

Negative Volume

All levels are drawn as clean horizontal lines using the converted ES value.

11 hours ago

Release Notes

📌 SPY → ES 11-Level Converter (Hybrid RTH/Globex Ratio)

This indicator converts key SPY options-based price levels into their equivalent ES futures levels and plots them directly on the ES chart. It is designed for intraday and overnight futures traders who rely on options-derived levels such as call walls, put walls, gamma levels, volume triggers, spot levels, and open-interest pivots.

The script provides a hybrid ratio engine that automatically adapts between RTH (Regular Trading Hours) and Globex, ensuring precision during active market hours while maintaining stable, non-drifting levels overnight.

🔍 Key Features
✔ Hybrid RTH/Globex Ratio Engine

RTH (09:30–16:00 NY time):
The ES/SPY ratio updates automatically using live market data.

Globex (overnight):
The ratio is frozen at the last RTH value, preventing ratio drift caused by SPY being closed.

This produces the most realistic and stable ES-converted levels for overnight futures trading.

You can also choose:

Manual Ratio (fixed value)

Auto 24h (continuously updated, RTH + Globex)

📈 11 SPY Levels Converted to ES

Each SPY level can be enabled/disabled individually:

Call Wall

Put Wall

Volume Trigger

Spot Price

+Gamma

–Gamma

Zero Gamma

Positive Open Interest

Negative Open Interest

Positive Volume

Negative Volume

All levels are converted using the chosen ES/SPY ratio and plotted as clear horizontal lines on the ES chart.