Apex Edge - NQ Correlation HUDApex Edge — NQ Correlation HUD
Note: This script is the HUD only. Screenshots may also show separate Supply & Demand zone and key-level tools running alongside it for extra confluence — those are independent indicators, not part of this script, and aren't required for the HUD to function.
What it does
Apex Edge — NQ Correlation HUD is a compact on-chart dashboard built for trading Nasdaq-100 index products (NQ, MNQ, and similar). Rather than manually flicking between the VIX and individual Mega-Cap Tech charts to gauge whether the broader market agrees with a setup, this indicator brings that context onto your current chart in one glance.
It scores your current instrument's own momentum and structure, then does the same for the VIX and seven Magnificent-7 stocks — live, every bar — and tells you visually which of those names are actually confirming your bias right now versus which aren't.
The HUD: Ticker / Fuel / Confluence
The dashboard is a simple 3-column table:
Ticker — the symbol for that row. Row 1 always reflects whatever chart you're currently on (so it updates automatically if you switch between NQ and MNQ, or any other symbol). Below that: VIX, then the 7 Mag7 names.
Fuel — a 0–10 momentum score for that symbol (see scoring below), shown as a fraction against your configured minimum threshold, e.g. 6/6.
Confluence — a directional vote out of 5, shown as ▲x/▼y, indicating how many of 5 independent components currently lean bullish versus bearish for that symbol.
What it monitors, and why
VIX — the market's fear gauge. It typically moves inversely to equities, so a VIX reading that's rising while your chart is bearish (or falling while your chart is bullish) is a classic confirmation signal. The HUD surfaces VIX's own Fuel and Confluence so you don't have to switch charts to check it.
The 7 Mag7 stocks (defaults: AAPL, MSFT, GOOGL, AMZN, NVDA, META, TSLA — all fully customizable in settings) — these carry substantial weight in the Nasdaq-100 and tend to drive a large share of its movement. When several of them are genuinely moving with your NQ/MNQ chart, that's real confirmation your setup isn't just noise on one instrument; when they're diverging, it's a reason for caution even if your chart alone looks clean.
How each pair offers confluence
A single chart can give a false signal — a stop run, a low-liquidity spike, an isolated headline. Checking whether the broader Nasdaq complex agrees filters a lot of that out. If your NQ/MNQ setup is bearish and the majority of Mag7 names are also showing bearish confluence while correlating with your chart's actual price action, and VIX is leaning bullish (its typical inverse relationship holding up), that's three independent confirmations lining up rather than one chart in isolation.
How the columns are scored
Fuel Score (0–10) is a multi-factor momentum read, built from:
Volume Z-score relative to a rolling average
Candle body dominance within its own range
Where the close sits within the bar's high-low range
ATR expansion versus its own rolling average
Confluence Score (out of 5) is a 5-component directional vote:
LTF trend (Hull moving average)
HTF trend (Hull moving average on a higher timeframe)
LTF RSI position
HTF RSI position
Price structure vs. a rolling range midpoint
Each component casts one bullish or bearish vote; the tally is shown as ▲bullish/▼bearish.
The correlation layer
This is what separates the Mag7 rows from a static watchlist. Each Mag7 ticker's title is colour-coded in real time:
Green — that symbol is BOTH rolling-correlated to your current chart above a threshold you set, AND its own Confluence is currently agreeing with your chart's direction.
Red — either condition fails: it's not correlating closely enough right now, or it's correlating but currently pointing the other way.
This means the HUD isn't just showing you 7 static numbers — it's telling you, live, which of the 7 are actually confirming your bias in this moment versus which are just along for the ride historically. Correlation lookback, the green/red threshold, and the correlation-guide tooltip (with standard statistical strength bands) are all configurable.
Built-in alerts
Two included alert conditions ("HUD Setup: Long Bias" / "HUD Setup: Short Bias") fire when your chart's Confluence bias is shared by a configurable number of the 7 Mag7 symbols AND VIX Confluence is leaning the opposite way. These are deliberately price-agnostic — they tell you when the broader HUD context has aligned, not when to enter. Pair them with your own key-level or zone tools to time actual entries once the alert fires.
Settings
Fuel/Confluence Dashboard toggle, dashboard position, minimum Fuel threshold
Hull MA period and HTF resolution
Multi-Pair HUD toggle, monitor timeframe for the 7 Mag7 rows
VIX symbol, all 7 Mag7 symbols (freely swappable)
Correlation lookback length, correlation threshold, min Mag7 aligned count for alerts
Align it with other confluence indicators to time your entry. Below is an example of the HUD running alongside 2 indicators (Key levels & Supply & Demand zones).
A NOTE ON USE:
Market hours affect the correlation rows. NQ/MNQ trade nearly 24 hours; the Mag7 equities only trade actively during NASDAQ hours (with an extended pre/post-market window beyond that). Outside those hours, correlation can legitimately read n/a for some or all Mag7 rows — that's expected behaviour, not a fault, since a closed/flat equity price has no variance to correlate against. Correlation readings are most meaningful during and immediately around the NASDAQ session; Fuel and Confluence continue working normally at all hours since they don't depend on cross-symbol variance.
This tool is designed to support discretionary trading decisions around Nasdaq-100 index products — it doesn't generate entries or exits on its own, and none of its readings guarantee a particular outcome. Fuel, Confluence, and correlation are all descriptive of current and historical price behaviour, not predictions. As with any tool, backtest and forward-test on a demo account before relying on it in a live or funded environment. Nothing in this script or its description constitutes financial advice.
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