Futures Trading Algos Calculator

This calculator is used to clone the slope and coordinates of a trend line (algo) created on a SPY chart into an ES chart.   For this you will need to:

  1. Open the SPY chart that has the Trend Line you want to clone in TradingView and select that trend line. 
  2. Click on the settings of the trend line and enable the "Price Range" and "Bars Range" options. 
  3. Next highlight the trend line and note the Delta Price and Number of Bars.  These go on the first row of the calculator below. 
  4. Next go to your ES chart and draw a trend line near the recent price action. 
  5. Once drawn on the ES chart, open the settings for the new trend line and go to the "Coordinates" tab. 
  6. Record the values in the first row of the Coordinates tab into the second row of the calculator below. 
  7. Then take the values calculated from the results table second row and use to replace the second row of the Coordinates tab.  This should create a cloned trend line with the same slope as the one originating from the SPY chart.  Here are some snap shots.SPY_trend_3to_esSPY_Trend_@SPY_Trend_1

 

 

 

 

ES Coordinate Results
#1 (price, bar) 0.00 0
#2 (price, bar) 0.00 0
Enter Data Above

This calculator is used to identify the slope and color for a new algo mapped on the chart. The choice of colors is up to you but in this case the colors chosen fall within a set of predefined slope ranges.  Here are the steps.

  1. Once you draw a Trend Line in TradingView go to settings of the Trend Line and enable the statistics "Price Range" and "Bar Range".   
  2. Then exit out of the settings. Once out, highlight the trend line and read the two values  The delta Price (the first value on top) and bars. 
  3. Select SPY or ES based on the intrument you are charting. 
  4. Enter these two values in the calculator below and the result should giHighlight statisticsve you the slope and the color of the trend line. 

Statistics

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