OPEN-SOURCE SCRIPT
SPX SPY 5Min Lock
🔹 DESCRIPTION (Public Library)
This indicator overlays SPX price levels directly onto the SPY chart by converting SPX levels into SPY prices using a session-locked SPY/SPX ratio.
Instead of mentally translating SPX levels, you see them mapped precisely on SPY, where you actually trade.
How it works
• Calculates the SPY-to-SPX price ratio
• Locks the ratio at the first 5-minute RTH candle close (9:35am ET)
• Uses that fixed ratio for the entire session
• Converts SPX levels into accurate SPY-equivalent prices
• Draws clean labels (and optional short stubs) directly on SPY
Why the 5-minute lock
SPY and SPX can drift slightly during the day. Locking the ratio at 9:35am creates stable, non-moving levels that stay consistent throughout RTH, making them far more usable for intraday trading.
Best use cases
• SPY / SPX options traders
• Index-based level traders
• GEX, gamma, and macro level mapping
• Traders who think in SPX but execute in SPY
Customization
• Adjustable SPX level spacing (5 / 10 / 25)
• Number of levels above and below price
• Label size and offset
• Live or Locked ratio mode
• Optional short line stubs
• Info table with ratio and lock status
This indicator overlays SPX price levels directly onto the SPY chart by converting SPX levels into SPY prices using a session-locked SPY/SPX ratio.
Instead of mentally translating SPX levels, you see them mapped precisely on SPY, where you actually trade.
How it works
• Calculates the SPY-to-SPX price ratio
• Locks the ratio at the first 5-minute RTH candle close (9:35am ET)
• Uses that fixed ratio for the entire session
• Converts SPX levels into accurate SPY-equivalent prices
• Draws clean labels (and optional short stubs) directly on SPY
Why the 5-minute lock
SPY and SPX can drift slightly during the day. Locking the ratio at 9:35am creates stable, non-moving levels that stay consistent throughout RTH, making them far more usable for intraday trading.
Best use cases
• SPY / SPX options traders
• Index-based level traders
• GEX, gamma, and macro level mapping
• Traders who think in SPX but execute in SPY
Customization
• Adjustable SPX level spacing (5 / 10 / 25)
• Number of levels above and below price
• Label size and offset
• Live or Locked ratio mode
• Optional short line stubs
• Info table with ratio and lock status
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.