XA.3 - NQ Lead Tracker
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XA.3 – NQ LEAD TRACKER
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PURPOSE
Identify when correlated markets begin moving before NQ, providing an early indication that NQ may soon follow.
HOW IT WORKS
• Monitors up to 10 user-selectable lead symbols.
• Each lead is checked for a breakout above/below its own recent range.
• If enough enabled leads trigger before NQ, an Up Lead or Down Lead signal is plotted.
• Arrow count represents the number of active lead symbols contributing to the signal.
SETTINGS
• Lead Symbols – Select which markets to monitor.
• Use Lookback Filter – Require breakouts over a recent range (recommended ON).
• Lookback Period – Number of bars used for breakout detection (default: 8).
• Upside/Downside Leads Needed – Minimum number of lead symbols required to generate a signal.
• Comparison Timeframe – Timeframe used to evaluate the lead symbols.
INTENDED USE
Use as an early warning tool to gauge market participation and leadership before NQ confirms a move. It is designed to complement price action, not generate standalone trade entries.
══════════════════════════════════════════════
XA.3 – NQ LEAD TRACKER
══════════════════════════════════════════════
PURPOSE
Identify when correlated markets begin moving before NQ, providing an early indication that NQ may soon follow.
HOW IT WORKS
• Monitors up to 10 user-selectable lead symbols.
• Each lead is checked for a breakout above/below its own recent range.
• If enough enabled leads trigger before NQ, an Up Lead or Down Lead signal is plotted.
• Arrow count represents the number of active lead symbols contributing to the signal.
SETTINGS
• Lead Symbols – Select which markets to monitor.
• Use Lookback Filter – Require breakouts over a recent range (recommended ON).
• Lookback Period – Number of bars used for breakout detection (default: 8).
• Upside/Downside Leads Needed – Minimum number of lead symbols required to generate a signal.
• Comparison Timeframe – Timeframe used to evaluate the lead symbols.
INTENDED USE
Use as an early warning tool to gauge market participation and leadership before NQ confirms a move. It is designed to complement price action, not generate standalone trade entries.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.