OPEN-SOURCE SCRIPT
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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Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.