MARKET INTERNALS INDICATOR
This indicator tracks the live price of the S&P 500 E-Mini (ES) and converts it into a reference value for SPY, giving you a smarter way to monitor both markets on one chart.
Tired of switching between ES and SPY charts to stay in sync with the S&P 500? This tool simplifies your workflow by overlaying a real-time SPY-equivalent price derived from the ES futures contract.
Watch as this S&P 500 E-Mini Tracker plots a reference line right on your chart—letting you spot divergence, confirm market sentiment, and reduce screen clutter with zero guesswork.
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Available for both TradingView and Think-Or-Swim Platforms
🔄 Live Reference Price from ES to SPY
The script calculates a SPY-equivalent price using the real-time ES (E-mini S&P 500 Futures) data and a divisor (default: 10), then plots it directly on your SPY chart.
🧠 Spot Divergence and Confirmation
Track how closely SPY is following the ES contract:
If SPY lags or leads ES, it may signal shift in sentiment or upcoming move
Perfect for traders who follow ETF-futures correlations to gain an edge
📉 Stay Focused with Fewer Charts
No need to toggle between SPY and ES charts. With the reference price plotted in one place, you can:
Stay sharp during high-speed moves
Reduce distractions
Make decisions faster