A compliance monitoring tool for futures traders that tracks daily price changes and alerts traders when approaching CME price limit restrictions to prevent account disqualification.
Explore complementary indicator rolesHow it works
The script continuously calculates the real-time percentage change of major equity index futures contracts from market open, focusing on instruments like NQ, ES, and YM. It simulates the daily CME price limits of +7% and -7%, tracking the current price movement and comparing it against these predefined boundaries.
When the price approaches within 2% of these limits, the script activates a visual warning system, highlighting the potential risk zone for traders. It generates a floating panel that displays the current percentage change and provides immediate visual and optional audio alerts to signal when the trader is entering a potentially prohibited trading area.
Why it may be useful
For funded traders, especially those using platforms like Topstep, maintaining compliance with trading rules is critical to preserving their trading account status. This script provides a real-time safeguard against accidentally violating strict daily price change restrictions that could lead to account disqualification.
By offering an intuitive, lightweight monitoring tool, traders can focus on their strategy without constantly manually calculating their proximity to price limits. The script serves as an essential risk management solution that helps traders stay within prescribed trading parameters and protect their funded trading opportunities.
When to explore it
This script is most valuable during volatile market conditions when price movements can be rapid and unpredictable, particularly on days with significant economic announcements or unexpected market events. Traders should activate this tool when trading major index futures contracts like NQ, ES, or YM, especially when market sentiment suggests potential large price swings.
It is particularly useful for traders in funded programs with strict compliance requirements, providing a constant, real-time check against potential rule violations. The script is most effective when used as a supplementary risk management tool alongside a trader's existing strategy and market analysis.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
