Edge Levels (ES/NQ) - ArchReactor

أول أمس

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.
  

أول أمس

ملاحظات الأخبار

Added ability to change Table Location and Table Size.

أول أمس

ملاحظات الأخبار

Fixed small bugs

قبل ١٠ ساعات

ملاحظات الأخبار

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