NQ → NAS100 Converter by Dr W

This indicator allows traders to quickly and accurately convert stop levels from NQ (E-mini Nasdaq futures) to NAS100 (CFD) values, helping users who trade across different instruments to manage risk consistently.

Key Features:

Real-time Price Conversion:
Displays the current NQ futures price and the corresponding NAS100 price on your chart, updated every bar.

Stop Distance Conversion:
Converts a user-defined stop distance in NQ points into the equivalent NAS100 stop level using proportional scaling based on current market prices.

Customizable Labels:

Choose between Candle-attached labels (appearing near the bar) or Chart-fixed labels (HUD style).

Adjust label position, background color, text color, and label style (left, right, center).

Flexible Display Options:

Show/hide NQ price, NAS100 price, and converted stop independently.

Perfect for traders who want a quick visual reference without cluttering the chart.

Trading Direction Support:
Select Long or Short trades, and the stop conversion automatically adapts to the trade direction.

How It Works:

The indicator requests the latest NQ and NAS100 prices at your chart’s timeframe.

It calculates the NAS100 stop using the formula:

NAS_Stop = NAS_Price ± (Stop_NQ_Points / NQ_Price * NAS_Price)


+ is used for short trades, - for long trades.

The converted stop, along with the underlying prices, is displayed according to your label settings.

Use Cases:

Risk management for cross-instrument traders.

Quickly visualizing equivalent stops when trading NQ futures vs NAS100 CFDs.

An educational tool to understand proportional stop sizing between instruments.

TradingView Policy Compliance Notes:

The indicator does not provide trading advice or signals; it only performs calculations and visualizations.

It does not execute trades or connect to brokerage accounts.

All values displayed are informational only; users should independently verify stop levels before placing trades.