The Levels Conversion is one of the Key Feature of all MenthorQ Indicators. The Levels Conversion is available on TradingView, NinjaTrader, Sierra, ATAS, Quantower and the other integrations.
Levels conversion helps traders overlay price levels from indices like SPX, QQQ, and NDX onto futures charts (ES, NQ, etc.). Since futures and spot prices differ, adjustments using a spread or ratio ensure accuracy. Futures prices trade at a spread or ratio to their respective indices. Without conversion, levels will be misaligned due to price differences.
