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Swing Elite - Futures to CFD calculator

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This utility indicator solves a common challenge faced by traders who analyze futures markets but execute trades through CFD brokers. Since futures contracts and their corresponding CFD instruments trade at different price levels due to factors like contract specifications, rollover timing, and broker pricing models, manually converting trade levels between the two can be time-consuming and error-prone.
The indicator uses a dynamic offset calculation method to convert futures price levels to their CFD equivalents in real-time. When the user selects three reference points on the chart, the tool calculates the price differential and applies this offset consistently across all trade levels. This ensures that entry, stop loss, and take profit levels maintain their relative distances when translated to the CFD instrument.
The conversion methodology works by establishing a fixed offset between the futures price and the CFD price at the moment of setup. This offset is then applied uniformly to all specified trade levels, preserving the original risk-to-reward structure of the trade. The indicator automatically detects whether the trade is long or short based on the relationship between entry and stop loss levels, and calculates the target price according to the user-defined risk-to-reward ratio.
The tool includes automatic instrument detection for major futures contracts including E-mini S&P 500, E-mini Nasdaq 100, E-mini Dow, Russell 2000, Crude Oil, and Gold futures, displaying the corresponding CFD instrument name for quick reference. A visual overlay shows the trade levels directly on the chart with color-coded zones indicating risk and reward areas.
This indicator is designed for traders who prefer the liquidity and price discovery of futures markets for their analysis while utilizing CFD platforms for trade execution due to accessibility, leverage options, or account size considerations.
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