NQ and ES Expected Range by ion1eon

Description:
This indicator provides persistent expected range levels for both E-mini S&P 500 (ES) and E-mini Nasdaq 100 (NQ) based on their respective volatility indices (VIX for ES, VXN for NQ). Designed for traders who want a clear, customizable view of potential daily price movement, it calculates expected high, low, and mid levels and plots them as horizontal rays on the chart.

Key Features:

Dual Market Support: Displays separate expected ranges for ES and NQ.

Volatility-Based Calculation: Uses current VIX (for ES) and VXN (for NQ) to compute expected daily moves.

Persistent Rays: Daily mid, high, and low levels remain visible and extend as the session progresses.

Customizable Appearance:

Adjust line colors, width, and text styles.

Configure text alignment and size for clarity.

Historical Levels: Optionally shows expected ranges for previous days (up to 10 days).

Clean & Separated: ES levels are never mixed with NQ levels, ensuring clarity even on combined charts.

RTH Triggered: Levels are set at 09:30 EST, the official regular trading session open.

DM ion1eon on discord to request a feature or report a bug