Composite Sentiment Indicator (SPY/QQQ/SOXX + VixFix)# Multi-Index Composite Sentiment Indicator
A comprehensive sentiment indicator that works across SPY, QQQ, SOXX, and custom symbols. Combines volatility, options flow, macro factors, technicals, and seasonality into a single z-score composite.
## What It Does
Takes multiple market sentiment inputs (VIX, put/call ratios, breadth, yields, etc.) and smooshes them into one normalized line. When the composite is high = markets getting spooked. When it's low = markets getting complacent.
## Key Features
- **Multi-Index Support**: Automatically adapts for SPY (uses VIX), QQQ (uses VXN), SOXX (uses VixFix), or custom symbols
- **VixFix Integration**: Larry Williams' VixFix for indices without dedicated VIX measures
- **Signal MA**: Choose from SMA/EMA/WMA/HMA/TEMA/DEMA with color coding (red above MA = risk-on, green below = risk-off)
- **September Focus**: Built-in seasonality weighting for September weakness patterns
- **Comprehensive Components**: Volatility, options sentiment, macro factors, technicals, and sector-specific metrics
## How to Use
**Basic Setup:**
1. Pick your index (SPY/QQQ/SOXX)
2. Choose signal MA type and length (EMA 21 is a good start)
3. Watch for extreme readings and MA crossovers
**Color Signals:**
- Red composite = above signal MA = bearish sentiment
- Green composite = below signal MA = bullish sentiment
- Extreme high readings (red background) = potential tops
- Extreme low readings (green background) = potential bottoms
**For Different Indices:**
- **QQQ**: Uses NASDAQ VIX (VXN) when available, falls back to VixFix
- **SOXX**: Includes semiconductor cycle indicators, uses VixFix for volatility
- **Custom**: Adapts automatically, relies on VixFix and general market metrics
## Components Included
**Volatility**: VIX/VXN/VixFix, term structure, historical vol
**Options**: Put/call ratios, SKEW index
**Macro**: DXY, 10Y yields, yield curve, TIPS spreads
**Technical**: RSI deviation, momentum
**Seasonality**: September effects, quad witching, month-end patterns
**Breadth**: S&P 500 and NASDAQ breadth measures
## Pro Tips
- Works well on Daily Timeframe
- September gets extra weight automatically - watch for August setup signals
- Keltner envelope breaks often mark sentiment exhaustion points
- Use alerts for extreme readings and MA crossovers
Works best when you understand that sentiment extremes often mark turning points, not continuation signals. High readings don't mean "keep shorting" - they mean "start looking for reversal setups."
## Settings Worth Tweaking
- Signal MA type/length for your timeframe
- Component weights based on what matters for your index
- Envelope multipliers for your risk tolerance
- VixFix parameters if default doesn't fit your symbol's volatility
The table shows all current component readings so you can see what's driving the signal. Good for context and debugging weird readings.
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3 Candle Strike StretegyMainly developed for AMEX:SPY trading on 1 min chart. But feel free to try on other tickers.
Basic idea of this strategy is to look for 3 candle reversal pattern within trending market structure. The 3 candle reversal pattern consist of 3 consecutive bullish or bearish candles,
followed by an engulfing candle in the opposite direction. This pattern usually signals a reversal of short term trend. This strategy also uses multiple moving averages to filter long or short
entries. ie. if the 21 smoothed moving average is above the 50, only look for long (bullish) entries, and vise versa. There is option change these moving average periods to suit your needs.
I also choose to use Linear Regression to determine whether the market is ranging or trending. It seems the 3 candle pattern is more successful under trending market. Hence I use it as a filter.
There is also an option to combine this strategy with moving average crossovers. The idea is to look for 3 candle pattern right after a fast moving average crosses over a slow moving average.
By default , 21 and 50 smoothed moving averages are used. This gives additional entry opportunities and also provides better results.
This strategy aims for 1:3 risk to reward ratio. Stop losses are calculated using the closest low or high values for long or short entries, respectively, with an offset using a percentage of
the daily ATR value. This allows some price fluctuation without being stopped out prematurely. Price target is calculated by multiplying the difference between the entry price and the stop loss
by a factor of 3. When price target is reach, this strategy will set stop loss at the price target and wait for exit condition to maximize potential profit.
This strategy will exit an order if an opposing 3 candle pattern is detected, this could happen before stop loss or price target is reached, and may also happen after price target is reached.
*Note that this strategy is designed for same day SPY option scalping. I haven't determined an easy way to calculate the # of contracts to represent the equivalent option values. Plus the option
prices varies greatly depending on which strike and expiry that may suits your trading style. Therefore, please be mindful of the net profit shown. By default, each entry is approximately equal
to buying 10 of same day or 1 day expiry call or puts at strike $1 - $2 OTM. This strategy will close all open trades at 3:45pm EST on Mon, Wed, and Fri.
**Note that this strategy also takes into account of extended market data.
***Note pyramiding is set to 2 by default, so it allows for multiple entries on the way towards price target.
Remember that market conditions are always changing. This strategy was only able to be back-tested using 1 month of data. This strategy may not work the next month. Please keep that in mind.
Also, I take no credit for any of the indicators used as part of this strategy.
Enjoy~
Dollar Weighted Cumulative SPY Sectors VolumeThis plots the combined volume of the subsectors of the SPY using (open+close)/2, both per bar (narrow candles) and cumulative (wide faded candles).
This aims to use dollar volume and weights each sector individually in dollar amounts. NOT with the weighting used in the SPY index. This indicator is NOT equally weighted., it is weighted according to each subsector's own dollar volume.
Green lines means there is more money flowing into the subsectors combined than out. This is a breadth indicator.
Green and red crosses indicate divergence.
Green crosses are shown when the SPY is outperforming this indicator.
Red crosses are shown when this indicator is outperforming the SPY.
Perhaps the best use of this indicator is to stop you from being aggressive when the whole market isn't moving with you.
Enjoy! Feel free to ask any questions.
OptionsMillionaire SPY Moving Averages and Signalsby ColeJustice
OptionsMillionaire's SPY Options trading system is based mainly on these indicators:
- 8 EMA*
- 21 EMA*
- 100 SMA*
- 200 SMA*
- MACD
- RSI
- Squeeze Momentum
(*provided by this indicator)
and follows these rules:
|
| 1) I never fight the trend. If its green, i buy calls. If its red, i buy puts. I will only buy puts on a green day if there is a overall change in market trend. Inversely, calls on a red day
| 2) Price action is my #1 indicator. I wait for it to confirm my thesis before i enter a trade
| 3) I only trade SPY Options
| 4) My baseline is to choose a call/put that has a DTE (Date To Expiration) 6-7 days out, with a strike $2-$3 away. I adjust that to fit my current appetite for volatility. i virtually never play same day DTE's.
| 5) I set a 10% stop, but usually exit at 8% before my stop triggers depending on current situation
| 6) I utilize about 10-20% of my Portfolio for one trade. Sometimes more. Rarely less.
| 7) I never hold overnight in these market conditions.
| 8) I shoot for 10-20% for gains. Depending on market conditions.
| 9) Always look for confirmations in your indicators.
| 10) I never force a trade. No trade is a good trade too if the entry just isn't there.
| 11) Patience always pays off. A great set-up can form in minutes or seconds. I never regret being patient to enter. I nearly always regret rushing into a trade.
|
This indicator combines the moving averages into a single unit to simplify one part of the indicator usage rules: the 8 EMA / 21 EMA Cross. . The 8 crossing over the 21 is a Bullish signal, while the 8 crossing under the 21 is a Bearish signal. This indicator places flags at these crossover/under points, as well as shading the area between the 8 and 21 EMAs to help visualize the strength of the trend; green during a Bullish cross, and red during a Bearish cross.
A new addition to this strategy is the Hull Moving Average, or HMA. This script defaults to an HMA of 20 and shows alerts when candles close above or below the plot in the form of green and red candle backgrounds. This alert is best used in conjunction with the main crossovers and should be considered an addition level of confidence rather than providing trade entry/exits directly. This indicator is more flexible and you should feel free to adjust the period if you find a different value works better within your own personal trading style.
Each individual element of this indicator can be modified or toggled, providing maximum customization. While you should strive to become comfortable with the default settings, these options are provided in case you feel the need to adjust for your own style (or if testing on tickers other than SPY, for example).
Goodluch, and happy trading!
SMI-VIX-SPY-NDX-Index
This script offers an SMI index of VIX, SPY, and NDX. Rather than overlaying VIX, NDX and SPY on the same chart.
It's much easier to see the correlation between VIX's price and NDX / SPY price in this manner.
Thanks to Buckkets & William Blau for the TSI smoothing method.
FluxGate Daily Swing StrategySummary in one paragraph
FluxGate treats long and short as different ecosystems. It runs two independent engines so the long side can be bold when the tape rewards upside persistence while the short side can stay selective when downside is messy. The core reads three directional drivers from price geometry then removes overlap before gating with clean path checks. The complementary risk module anchors stop distance to a higher timeframe ATR so a unit means the same thing on SPY and BTC. It can add take profit breakeven and an ATR trail that only activates after the trade earns it. If a stop is hit the strategy can re enter in the same direction on the next bar with a daily retry cap that you control. Add it to a clean chart. Use defaults to see the intended behavior. For conservative workflows evaluate on bar close.
Scope and intent
• Markets. Large cap equities and liquid ETFs major FX pairs US index futures and liquid crypto pairs
• Timeframes. From one minute to daily
• Default demo in this publication. SPY on one day timeframe
• Purpose. Reduce false starts without missing sustained trends by fusing independent drivers and suppressing activity when the path is noisy
• Limits. This is a strategy. Orders are simulated on standard candles. Non standard chart types are not supported for execution
Originality and usefulness
• Unique fusion. FluxGate extracts three drivers that look at price from different angles. Direction measures slope of a smoothed guide and scales by realized volatility so a point of slope does not mean a different thing on different symbols. Persistence looks at short sign agreement to reward series of closes that keep direction. Curvature measures the second difference of a local fit to wake up during convex pushes. These three are then orthonormalized so a strong reading in one does not double count through another.
• Gates that matter. Efficiency ratio prefers direct paths over treadmills. Entropy turns up versus down frequency into an information read. Light fractal cohesion punishes wrinkly paths. Together they slow the system in chop and allow it to open up when the path is clean.
• Separate long and short engines. Threshold tilts adapt to the skew of score excursions. That lets long engage earlier when upside distribution supports it and keeps short cautious where downside surprise and venue frictions are common.
• Practical risk behavior. Stops are ATR anchored on a higher timeframe so the unit is portable. Take profit is expressed in R so two R means the same concept across symbols. Breakeven and trailing only activate after a chosen R so early noise does not squeeze a good entry. Re entry after stop lets the system try again without you babysitting the chart.
• Testability. Every major window and the aggression controls live in Inputs. There is no hidden magic number.
Method overview in plain language
Base measures
• Return basis. Natural log of close over prior close for stability and easy aggregation through time. Realized volatility is the standard deviation of returns over a moving window.
• Range basis for risk. ATR computed on a higher timeframe anchor such as day week or month. That anchor is steady across venues and avoids chasing chart specific quirks.
Components
• Directional intensity. Use an EMA of typical price as a guide. Take the day to day slope as raw direction. Divide by realized volatility to get a unit free measure. Soft clip to keep outliers from dominating.
• Persistence. Encode whether each bar closed up or down. Measure short sign agreement so a string of higher closes scores better than a jittery sequence. This favors push continuity without guessing tops or bottoms.
• Curvature. Fit a short linear regression and compute the second difference of the fitted series. Strong curvature flags acceleration that slope alone may miss.
• Efficiency gate. Compare net move to path length over a gate window. Values near one indicate direct paths. Values near zero indicate treadmill behavior.
• Entropy gate. Convert up versus down frequency into a probability of direction. High entropy means coin toss. The gate narrows there.
• Fractal cohesion. A light read of path wrinkliness relative to span. Lower cohesion reduces the urge to act.
• Phase assist. Map price inside a recent channel to a small signed bias that grows with confidence. This helps entries lean toward the right half of the channel without becoming a breakout rule.
• Shock control. Compare short volatility to long volatility. When short term volatility spikes the shock gate temporarily damps activity so the system waits for pressure to normalize.
Fusion rule
• Normalize the three drivers after removing overlap
• Blend with weights that adapt to your aggression input
• Multiply by the gates to respect path quality
• Smooth just enough to avoid jitter while keeping timing responsive
• Compute an adaptive mean and deviation of the score and set separate long and short thresholds with a small tilt informed by skew sign
• The result is one long score and one short score that can cross their thresholds at different times for the same tape which is a feature not a bug
Signal rule
• A long suggestion appears when the long score crosses above its long threshold while all gates are active
• A short suggestion appears when the short score crosses below its short threshold while all gates are active
• If any required gate is missing the state is wait
• When a position is open the status is in long or in short until the complementary risk engine exits or your entry mode closes and flips
Inputs with guidance
Setup Long
• Base length Long. Master window for the long engine. Typical range twenty four to eighty. Raising it improves selectivity and reduces trade count. Lowering it reacts faster but can increase noise
• Aggression Long. Zero to one. Higher values make thresholds more permissive and shorten smoothing
Setup Short
• Base length Short. Master window for the short engine. Typical range twenty eight to ninety six
• Aggression Short. Zero to one. Lower values keep shorts conservative which is often useful on upward drifting symbols
Entries and UI
• Entry mode. Both or Long only or Short only
Complementary risk engine
• Enable risk engine. Turns on bracket exits while keeping your signal logic untouched
• ATR anchor timeframe. Day Week or Month. This sets the structural unit of stop distance
• ATR length. Default fourteen
• Stop multiple. Default one point five times the anchor ATR
• Use take profit. On by default
• Take profit in R. Default two R
• Breakeven trigger in R. Default one R
Usage recipes
Intraday trend focus
• Entry mode Both
• ATR anchor Week
• Aggression Long zero point five Aggression Short zero point three
• Stop multiple one point five Take profit two R
• Expect fewer trades that stick to directional pushes and skip treadmill noise
Intraday mean reversion focus
• Session windows optional if you add them in your copy
• ATR anchor Day
• Lower aggression both sides
• Breakeven later and trailing later so the first bounce has room
• This favors fade entries that still convert into trends when the path stays clean
Swing continuation
• Signal timeframe four hours or one day
• Confirm timeframe one day if you choose to include bias
• ATR anchor Week or Month
• Larger base windows and a steady two R target
• This accepts fewer entries and aims for larger holds
Properties visible in this publication
• Initial capital 25.000
• Base currency USD
• Default order size percent of equity value three - 3% of the total capital
• Pyramiding zero
• Commission zero point zero three percent - 0.03% of total capital
• Slippage five ticks
• Process orders on close off
• Recalculate after order is filled off
• Calc on every tick off
• Bar magnifier off
• Any request security calls use lookahead off everywhere
Realism and responsible publication
• No performance promises. Past results never guarantee future outcomes
• Fills and slippage vary by venue and feed
• Strategies run on standard candles only
• Shapes can update while a bar is forming and settle on close
• Keep risk per trade sensible. Around one percent is typical for study. Above five to ten percent is rarely sustainable
Honest limitations and failure modes
• Sudden news and thin liquidity can break assumptions behind entropy and cohesion reads
• Gap heavy symbols often behave better with a True Range basis for risk than a simple range
• Very quiet regimes can reduce score contrast. Consider longer windows or higher thresholds when markets sleep
• Session windows follow the exchange time of the chart if you add them
• If stop and target can both be inside a single bar this strategy prefers stop first to keep accounting conservative
Open source reuse and credits
• No reused open source beyond public domain building blocks such as ATR EMA and linear regression concepts
Legal
Education and research only. Not investment advice. You are responsible for your decisions. Test on history and in simulation with realistic costs
THE Bucknut test PARI (SPY)📌 THE Bucknut Test PARI – Market Momentum & Volatility Gauge
🔹 Description
THE Bucknut Test PARI Indicator is a momentum and volatility-based market gauge designed to provide clear, actionable insights on price movement. This indicator calculates a Price Action Relative Index (PARI) score to help traders evaluate risk and potential market reversals.
It utilizes exponential moving average (EMA)-based momentum, standard deviation volatility, and SPY correlation to generate a PARI score between 1-100. The score is then categorized into risk zones, helping traders identify when conditions are favorable for entries or caution is needed.
Ideal for intraday traders, options traders (including SPX 0DTE), and swing traders looking to gauge volatility-driven market shifts.
🔥 Features & Functionality
✅ Momentum Calculation via EMA Filtering – Ensures smooth, responsive signals.
✅ Volatility-Based Adjustments – Uses standard deviation-based volatility scaling.
✅ SPY Correlation Filtering – Helps align momentum signals with market sentiment.
✅ User-Defined Timeframe Settings – Adjusts dynamically based on selected time intervals.
✅ Customizable Risk Thresholds – Allows traders to define high-risk, neutral, and low-risk zones.
✅ Non-Repainting Algorithm – Ensures reliable, static signals without revision.
⚙️ Settings & Adjustments
Setting Default Value Description
Time Frame Mode "5m-15m" Choose between 1m-3m, 5m-15m, or 1H-Daily. Affects smoothing values.
Scaling Factor 10 Adjusts PARI score sensitivity. Higher values amplify movement.
Background Color Black Custom background for the indicator panel.
Background Transparency 85 Controls indicator panel opacity (0 = solid, 100 = invisible).
High-Risk Threshold 80 Above this level, market is in overbought/high-risk conditions.
Low-Risk Threshold 20 Below this level, market is oversold/low-risk for potential reversals.
Neutral Level 50 Middle ground where price action is balanced.
📈 How to Use THE Bucknut Test PARI
🔴 Above 80 (High-Risk Zone)
Market may be overheated, strong momentum may fade or reverse soon.
Caution with calls; potential put opportunities.
🟢 Below 20 (Low-Risk Zone)
Market is oversold, potential reversal or bounce incoming.
Consider long entries or avoiding shorts.
⚪ Between 20-80 (Neutral Zone)
Market is in equilibrium; follow primary trend direction.
No extreme risk, trend-following strategies preferred.
🔍 Example Use Cases
✔ Intraday Traders → Gauge market strength on short-term charts (1m-15m).
✔ SPX 0DTE Options Traders → Time high-confidence call/put setups.
✔ Swing Traders → Identify periods of excessive momentum or exhaustion.
Options Betting Range - Extended# Options Betting Range - Extended
**Options Betting Range - Extended** is a versatile TradingView indicator designed to assist traders in identifying and visualizing optimal options trading ranges for multiple symbols. By leveraging predefined prediction and execution dates along with specific high and low price points, this indicator dynamically draws trendlines to highlight potential options betting zones, enhancing your trading strategy and decision-making process.
## **Key Features**
- **Multi-Symbol Support:** Automatically adapts to popular symbols such as SPY, IWM, QQQ, DIA, TLT, and GOOG, providing tailored options betting ranges for each.
- **Dynamic Trendlines:** Draws both dashed and solid trendlines based on user-defined prediction and execution dates, clearly marking high and low price boundaries.
- **Customizable Parameters:** Easily configure prediction and execution dates, high and low prices, and timezones to suit your specific trading requirements.
- **Single Execution:** Ensures that each trendline is drawn only once per specified prediction date, preventing clutter and maintaining chart clarity.
- **Clear Visual Indicators:** Utilizes color-coded labels to denote high (green) and low (red) price points, making it easy to identify critical trading levels at a glance.
## **How It Works**
1. **Initialization:**
- Upon adding the indicator to your chart, it initializes with predefined symbols and their corresponding high and low price points for two trendlines each.
2. **Configuration:**
- **Trendline 1:**
- **Prediction Date:** Set the year, month, and day when the trendline should be predicted.
- **Execution Date:** Define the year, month, and day when the trendline will be executed.
- **Timezone:** Choose the appropriate timezone to ensure accurate date matching.
- **Trendline 2:**
- Similarly, configure the prediction and execution dates along with the timezone.
3. **Trendline Drawing:**
- On reaching the specified prediction date, the indicator draws dashed trendlines representing the high and low price ranges.
- Solid trendlines are then drawn to solidify the high and low price boundaries.
- Labels are added to clearly mark the high and low price points on the chart.
4. **Visualization:**
- The trendlines and labels provide a visual framework for potential options trading ranges, allowing traders to make informed decisions based on these predefined levels.
## **How to Use**
1. **Add the Indicator:**
- Open your TradingView chart and apply the **Options Betting Range - Extended** indicator.
2. **Select a Symbol:**
- Ensure that the chart is set to one of the supported symbols (e.g., SPY, IWM, QQQ, DIA, TLT, GOOG) to activate the corresponding trendline configurations.
3. **Configure Trendline Parameters:**
- Access the indicator settings to input your desired prediction and execution dates, high and low prices, and select the appropriate timezone for each trendline.
4. **Monitor Trendlines:**
- As the chart progresses to the specified prediction dates, observe the dynamically drawn trendlines and labels indicating the options betting ranges.
5. **Make Informed Trades:**
- Utilize the visual cues provided by the trendlines to identify optimal entry and exit points for your options trading strategies.
## **Benefits**
- **Enhanced Strategy Visualization:** Clearly outlines potential trading ranges, aiding in the formulation and execution of precise options strategies.
- **Time-Saving Automation:** Automatically draws trendlines based on your configurations, reducing the need for manual chart analysis.
- **Improved Decision-Making:** Provides objective price levels for trading, minimizing emotional bias and enhancing analytical precision.
## **Important Considerations**
- **Timezone Accuracy:** Ensure that the timezones selected in the indicator settings align with your chart's timezone to maintain accurate date matching.
- **Chart Timeframe:** The prediction dates should correspond to the timeframe of your chart (e.g., daily, hourly) to ensure that trendlines are triggered correctly.
- **Visible Price Range:** Verify that the high and low prices set for trendlines are within the visible range of your chart to ensure that all trendlines and labels are clearly visible.
## **Conclusion**
**Options Betting Range - Extended** is a powerful tool for traders seeking to automate and visualize their options trading ranges across multiple symbols. By providing clear, customizable trendlines based on specific prediction and execution dates, this indicator enhances your ability to identify and act upon strategic trading opportunities with confidence.
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Daily BreadWhat it does:
This script uses specific multiple true ranges from a 30 EMA baseline to plot lines that represent 10% buying increments. Although the common period for ATR is 14, this script employs a period of 20 for smoothing that I have determined is more effective when used with a daily candle chart. It includes onscreen trend signals to identify an uptrend or downtrend when the 50 EMA crosses the 90 EMA and will also display a coloured directional signal at each candle beyond an EMA cross to identify the current trend.
The script plots a scale of percentage labels at the end of each line to identify the percent of an account intended to be in short or longer term trades.
How it does it:
The script uses a 30 EMA baseline and then multiplies ATR increments of +1, +2, +4 and -1 through -7. These ATR multiples and the EMA are plotted as 11 lines, 10 of which make up the range of 10% increments from 10% to 100% with the 11th line being the High Band representing the extreme high or expected sale of any holdings. The percentage label scale uses variable declarations to position and colour match a percentage label to each line.
Intended use:
It is intended to be used for short term trading or long term investing with a daily market index chart such as SPY and multiple exchange traded funds that track said market index. A different ETF is purchased when a daily SPY candle reaches a lower buy band using 10% of a total account value. The sale of any ETFs is at the discretion of the trader and dependent on investment strategy (short term trading or long term inventing) and the trend. When short term trading in a downtrend or when daily candles are below the 50 EMA, selling would be done every 2 to 3 bands above a buy to mitigate the risk of a significant portion of an account getting caught in a downtrend. In an uptrend the High Band would be used to sell any holdings.
VWAP, MFI, RSI with S/R StrategyBest for 0dte/intraday trading on AMEX:SPY with 1 minute chart
Strategy Concept
This strategy aims to identify potential reversal points in a price trend by combining momentum indicators (RSI and MFI), volume-weighted price (VWAP), and recent price action trends. It looks for conditions where the price is poised to change direction, either bouncing off a support level in a potential uptrend or falling from a resistance level in a potential downtrend.
By incorporating both price level analysis (support/resistance) and momentum indicators, the strategy seeks to increase the likelihood of identifying significant trend reversals, taking into consideration both recent price movements and the current price's position relative to historical highs and lows.
VWAP (Volume-Weighted Average Price)
VWAP acts as a benchmark to determine the general market trend. It's an average price weighted by volume.
A price above VWAP is often considered bullish, and a price below VWAP is seen as bearish.
MFI (Money Flow Index) and RSI (Relative Strength Index) Parameters
MFI is a volume-weighted RSI, used to identify overbought (above 70) or oversold (below 30) conditions.
RSI is a momentum indicator that measures the magnitude of recent price changes to identify overbought or oversold conditions, similar to MFI.
The script uses standard overbought (70) and oversold (30) thresholds for both MFI and RSI.
Trend Check Function
The function trendCheck analyzes the past pastBars candles to count how many were bullish (closing price higher than the opening price) and bearish.
This function is used to assess the recent trend direction.
Support and Resistance Detection
The script calculates the highest high (highestHigh) and lowest low (lowestLow) over the last lookbackSR (50) periods to identify potential support and resistance levels.
isNearSupport and isNearResistance are conditions to check if the current price is within 0.08% of these identified levels, indicating proximity to support or resistance.
Buy and Sell Logic
Buy Signal:
The RSI crosses over the oversold threshold (30).
The MFI is also below its oversold level (30).
The current price is above the VWAP.
The recent trend (past 20 bars) has been predominantly bearish.
The price is near the identified support level.
Sell Signal:
The RSI crosses under the overbought threshold (70).
The MFI is above its overbought level (70).
The current price is below the VWAP.
The recent trend has been predominantly bullish.
The price is near the identified resistance level.
TTP VIX SpyTTP VIX Spy is an indicator that uses data from TVC:VIX to better time entries in the market.
The assumption used is that when the VIX is coming down from the top of its range then the risk on assets can move to the upside and when the VIX is is pushing higher there's a high likelihood or risk on assets going down.
This indicator observes the momentum of VIX using MACD. It offers two different signals both for longs and shorts: signal 1 and 2.
Signal 1 is activate when the begging of a new trend for the VIX is confirmed.
Signal 2 is activated when the VIX pulls back from an extreme value.
You can configure the parameters of the internal super trend and the look back for the slope applied to price and RSIs.
The indicator offers the following filter parameters:
- Price RSI slope: it filters signals that have RSI slope pointing in the opposite direction of the signal.
- Counter trend: it filters signals that are not counter trending super trend.
- Wide BBW: it filters signals that happen when there hasn't been high price volatility
- Price slope: it filters signals when the price is not pointing in the direction of the signal (buy: up, sell: down)
- VIX RSI filter: it filters VIX RSI values overextended. MACD can be in the right range, but sometimes RSI contradicts it. By default is OFF since it can cause false negatives.
- Working days only: it filters signals that occur in the weekend.
The colours below the price action show how the VIX momentum is changing. Transitions from red into pink and then green show how the fear is fading which tends to lead to lead to bullish moves, and the opposite when the transitions are from green to red.
Performance and initial thoughts.
I have tried VIX Spy on both BINANCE:BTCUSDT.P and BINANCE:ETHUSDT.P and it seems to offer a decent win ratio. As you can see I had to add many filter to remove bad entries and left toggles available to decide which ones you want to use.
I tried the signal in the 4H, 1H and 15min with mixed results. I tend to incline for the results in the 1H.
VIX signal offers a backtestable stream and alerts both for signals 1 and 2.
Convert ETF to Futures/IndexThis indicator is used to automatically map an ETF's VWAP and 10 levels above and below the strike of your choice, to the futures or index instrument currently being viewed/traded. This works very well when using both SPY to ES/MES/SPX or QQQ to NQ/MNQ/NDX to plot the ETF strikes and can lead to some incredible trades, especially when trading level to level. Since SPY, QQQ, IWM, and DIA have the same price action as their futures iteration, there seems to be a direct correlation between their levels and VWAP . This indicator is made to easily map these key levels to the appropriate futures instrument. If you have a way to measure GEX centered around a certain level, I recommend color coding the lines to help indicate whether the level will have strong positive or negative gamma hedging associated with it.
Davin's 10/200MA Pullback on SPY Strategy v2.0Strategy:
Using 10 and 200 Simple moving averages, we capitalize on price pullbacks on a general uptrend to scalp 1 - 5% rebounds. 200 MA is used as a general indicator for bullish sentiment, 10 MA is used to identify pullbacks in the short term for buy entries.
An optional bonus: market crash of 20% from 52 days high is regarded as a buy the dip signal.
An optional bonus: can choose to exit on MA crossovers using 200 MA as reference MA (etc. Hard stop on 50 cross 200)
Recommended Ticker: SPY 1D (I have so far tested on SPY and other big indexes only, other stocks appear to be too volatile to use the same short period SMA parameters effectively) + AAPL 4H
How it works:
Buy condition is when:
- Price closes above 200 SMA
- Price closes below 10 SMA
- Price dumps at least 20% (additional bonus contrarian buy the dip option)
Entry is on the next opening market day the day after the buy condition candle was fulfilled.
Sell Condition is when:
- Prices closes below 10 SMA
- Hard stop at 15% drawdown from entry price (adjustable parameter)
- Hard stop at medium term and long term MA crossovers (adjustable parameters)
So far this strategy has been pretty effective for me, feel free to try it out and let me know in the comments how you found :)
Feel free to suggest new strategy ideas for discussion and indicator building
München's Momentum WaveMUNICH'S MOMENTUM WAVE:
This momentum tracker has features sampled from Madrid's moving average ribbon but has differentiated many values, parameters, and usage of integers. It is derived using momentum and then creates moving averages and mean lengths to help support the strength of a move in price action, and also has the key mean length that helps determine HL/LH or rejections into trend continuation. This indicator works on ALL TIME FRAMES, ALL ASSET CLASSES ON ALL SETTINGS!!
HOW DO I USE IT?
*First off, I have arranged the input settings into groups based on the parts of the indicator it affects.
*You want to use the aqua/white/yellow (Munich's line) as your leading indicator, this is a combined average of the MoM indicator.
* When using Munich's line you want to look at the relation to the mean line (the flat line that adjusts based on price action. You will often see rejections of this line into trend continuation. I personally have caught perfect LH/HL bounce trades off of this indicator.
* Use the Background and other colored moving averages to help pre-determine moves based on the -3 offset value of Munich's line. This was by design not to create 'accurate' results, but to help predict momentum swings based on sharper moves in price action better than if all values lined up to the current bar.
Cheat Code's Notes:
I hope you guys find this indicator to be useful, this is most likely the best indicator that I have written. Simply for the fact it is useful on any chart, any timeframe with any setting. If you guys have any issues with it, shoot me a pm or drop a comment. Thanks!
-CheatCode1
BINANCE:BTCUSDT BITSTAMP:ETHUSD BITSTAMP:BTCUSD PEPPERSTONE:JPYX TVC:DXY TVC:NDQ AMEX:SPY
Risk On Risk OffA helpful indicator for those who follow a systematic long-term investment approach.
What it shows:
It shows the 60 Day Cumulative Return of $BND Vanguard Total Bond Market ETF against the 60 Day Cumulative Return of $BIL SPDR Bloomberg Barclays 1-3 Month T-Bill ETF.
Why:
This Indicator will provide you a sense of where the economic environment is at, if the indicator shows that the 60 Day Cumulative return of $BND is ABOVE $BIL, it means that it's a good idea to go Risk ON in the stock market; On the other hand, if the inverse is true, it means that is a good idea to go Risk OFF in the stock market.
Example Uses:
Warren Buffet often advice Investors to just buy a S&P500 index tracking ETF like $SPY consistently and you will likely to be making money in the long-term.
With this indicator you will be able to make the Buffet Strategy even simpler: when the indicator shows Risk ON, buy the $SPY; when the indicator shows Risk OFF, consider hedges like $IEF iShares 7-10 Year Treasury Bond ETF. AMEX:SPY
S&P Sector Advance/Decline Weighted -Tom1traderEnjoy, enhance your trading (I hope), copy or adapt to your needs and keep smiling!
Thanks to @MartinShkreli. The sector variables and the "repaint" option (approx lines 20 through 32 of this script) are used directly from your script "Sectors"
RECOMMENDATION: Update the sector weightings -inputs are provided. They change as often as monthly and the
annual changes are certainly significant. When updating weighting percentages use the decimal value. I.E. 29% is .29
Good on any time frame. Especially SPY, SPX and ES scalpers and 0DTE options traders may like this a lot.
This gives good signals on S & P and related (ES, SPY) and indicates / plots differently than the AD line or ratio.
Each sector's entire % weight is added or subtracted depending of whether that sector advanced or declined.
Example: Information Tech weight at 29% so that % of 500 (145) is added if InfoTech is up a penny and subtracted if it is
down a penny. All sectors processed the same way so that for a given bar/candle the value will be between +500 (all
sectors up) and -500 (all sectors down). This weighted AD line of sectors is scaled to +/- 350 and plotted as a red/green line
along with aqua/fuchsia columns of its 5 period ema. The line is actual sector behavior and the columns seem to make a
good signal with column zero crosses standing out.
The columns aqua / fuchsia are a 5 period ema of the Sector AD line and give pretty good signals at
zero cross for SPX. I colored the AD red green line also to emphasize the times it opposes the ema
for example the histo/colums zero cross signal is NOT true when the AD line is showing all or most sectors
going the other way.
For readability, the AD line itself is scaled to 350. This lets the columns of the ema stand out better. The hlines at
350 and at 175 give an idea for the AD green red line how much of the sector's weight is up or down.
350 is all sectors up (advancing) and -350 is all sectors down (declining). The hlines at +/- 175 seem to outline
a more or less "neutral" zone. For example in an uptrend with most of the AD level positive and the columns positive;
a negative spike that does not pass the -175 line and returns positive does not seem to impact the price as much as
a deeper negative spike.
Relative Strength vs SPY - real time & multi TF analysisOne of the most requested features for TradingView is the ability to include custom indicators in the stock market scanner. While I am sure this feature is coming soon (seriously TV, PLEASE) I decided to use the amazing template provided by QuantNomad (), but I wanted to allow the user to modify the table a bit better so that a multi time frame analysis approach could be used.
The recommended way to use this indicator is to apply it three times to your chart. For each instance, assign it a plotting location (left, center, right) and choose the timeframe you wish to use for the RS analysis. By default, the relative strength of all 39 pre selected stocks will be compared against SPY, on the 5 min timeframe. I personally like having this chart on the left, then the 4 hour timeframe in the center, and the daily on the right. Not only does this setup allow you to see the relative strength/weakness of 39 stocks in real time (the one on the left), but you have all the information in front of you including how the stock has been performing relative to SPY on the 4H and D charts.
To make it easiest to read, you should disable all visual elements to the chart you are applying this indicator to. By minimizing the chart and putting it by your side, you can see the bigger picture on how all your stocks are behaving relative to the market.
If you wish to change any of the stocks I have pre selected, make sure to save your chart template. Otherwise you would need to do this every time you load the indicator to your chart which would be incredibly time consuming.
StonkBTC - autoswitch secondary series for scalpersSince the drop in March of 2020, the U.S. ETF , SPY, has been correlated with bitcoin's moves, especially during the NY session.
This tool is meant to help traders who want to take advantage of that without having to switch the secondary series between BTCUSD and (generally) SPY when changing the ticker they are viewing.
How this works:
The indicator will automatically switch between bitcoin or equity index depending on what ticker your current chart is. Ideally this tool would be very simple to use.
Options:
Show/hide a 'track price' line
Index choice of SP500, Nasdaq 100, and Russell 2000. Further selection by ETF, futures, and CFD
Varied bitcoin price sources
Notes:
You will need a separate subscription to TradingView to view realtime CME futures data (if not, it will be delayed by 10 minutes). Because of this, the default option chosen is the CFD for the most complete chart when viewing bitcoin.
NY Core Trading Session: 9:30 a.m. to 4:00 p.m. ET
www.nyse.com
Monthly MA Close Generates buy or sell signal if monthly candle closes above or below the signal MA.
Long positions only.
Inputs:
-Change timeframe MA
-Change period MA
-Use SMA or EMA
-Display MA
-Use another ticker as signal
-Select time period for backtesting
This script is not necessarily written to maximize profits, but to minimize losses.
Although it can outperform 'Buy & Hold' on some occasions when there is a multiple month bearisch trend.
You can optimise this strategy by changing the signal MA inputs.
I would suggest aiming for the best Profit Factor starting from the monthly ("M") setting.
You can always fine-tune the results at a lower timeframe.
The option to use another ticker for providing signals can give you a more stable and unified results.
For example using AMEX:SPY as signal with default parameters gives better results with NASDAQ:AAPL than if you would use NASDAQ:AAPL itself.
I used the anti-repainting function from PineCoders to prevent repainting.
This script is best used for multi-month trading positions & Daily or 4H setting of your chart.
(JS)S&P 500 Volatility Oscillator For Options 2.0I am going to start taking requests to open source my indicators and they will also be updated to Version 4 of Pinescript.
I added some features to the original code such the ability to smooth the oscillator and select the look back periods for the historical volatility.
Link to original:
Original post:
"The idea for this started here: www.tradingview.com with the user @dime
This should only be used on SPX or SPY (though you could use it on other things for correlation I suppose) given that the instrument used to create this calculation is derived from the S&P 500 (thank you VIX ). There's a lot of moving parts here though, so allow me to explain...
First: The main signal is when Implied Volatility (from VIX ) drops beneath Historical Volatility - which is what you want to see so you aren't purchasing a ton of premium on long options. Green and above 0 means that IV% has dropped lower than Historical Volatility . (this signal, for example, would suggest using a Long Call or Put depending on your sentiment)
Second: The green line running underneath zero is the bottom portion of the "Average True Range" derived from the values used to create the oscillator. the closer the bottom histogram is to the green line, the more "normal" IV% is. Obviously, if this gets far away from the line then it could be setting up nicely to short options and sell the IV premium to someone else. (this signal, for example, would suggest using something like a Bull Put Spread)
Third: The red background along with the white line that drops down below zero signals when (and how far) the IV% from 3 months out (from VIX3M ) is less than the current IV%. This would signal the current environment has IV way too high, a signal to short options once again (and don't take any long option positions!).
Tried to make this simple, yet effective. If you trade options on SPX , SPY , even ES1! futures - this is a tool tailored specifically for you! As I said before, if you want you can use it for correlation on other securities. Any other ideas or suggestions surrounding this, please let me know! Enjoy!
Feb 17, 2019
Release Notes: Cosmetic update for a much cleaner look:
-Replaced the "HIGH IV" with a simlple "H"
-Now the white line is constantly showing you the relationship between VIX and VIX3M - when VIX is greater than VIX3M the background still goes red
-However, now when VIX drops below Historical Volatility, the background is bright green
-When both above are true - it's dark green
-The Average True Range on the bottom is now a series of crosses"
Trailing Sharpe RatioThe Sharpe ratio allows you to see whether or not an investment has historically provided a return appropriate to its risk level. A Sharpe ratio above one is acceptable, above 2 is good, and above 3 is excellent. A Sharpe ratio less than one would indicate that an investment has not returned a high enough return to justify the risk of holding it. Interesting in this example, SPY's one year avg Sharpe ratio is above 3. This would mean on average SPY returns 3x better returns than the risk associated with holding it, implying there is some sort of underlying value to the investment.
When the sharpe ratio is above its signal, this implies the investment is currently outperforming compared to its typical return, below the signal means the investment is currently under performing. A negative Shape would mean that the investment has not provided a positive return, and may be a possible short candidate.
RightFlow Universal Volume Profile - Any Market Any TimeframeSummary in one paragraph
RightFlow is a right anchored microstructure volume profile for stocks, futures, FX, and liquid crypto on intraday and daily timeframes. It acts only when several conditions align inside a session window and presents the result as a compact right side profile with value area, POC, a bull bear mix by price bin, and a HUD of profile VWAP and pressure shares. It is original because it distributes each bar’s weight into multiple mid price slices, blends bull bear pressure per bin with a CLV based split, and grows the profile to the right so price action stays readable. Add to a clean chart, read the table, and use the visuals. For conservative workflows read on bar close.
Scope and intent
• Markets. Major FX pairs, index futures, large cap equities and ETFs, liquid crypto.
• Timeframes. One minute to daily.
• Default demo used in the publication. SPY on 15 minute.
• Purpose. See where participation concentrates, which side dominated by price level, and how far price sits from VA and POC.
Originality and usefulness
• Unique fusion. Right anchored growth plus per bar slicing and CLV split, with weight modes Raw, Notional, and DeltaProxy.
• Failure mode addressed. False reads from single bar direction and coarse binning.
• Testability. All parts sit in Inputs and the HUD.
• Portable yardstick. Value Area percent and POC are universal across symbols.
• Protected scripts. Not applicable. Method and use are fully disclosed.
Method overview in plain language
Pick a scope Rolling or Today or This Week. Define a window and number of price bins. For each bar, split its range into small slices, assign each slice a weight from the selected mode, and split that weight by CLV or by bar direction. Accumulate totals per bin. Find the bin with the highest total as POC. Expand left and right until the chosen share of total volume is covered to form the value area. Compute profile VWAP for all, buyers, and sellers and show them with pressure shares.
Base measures
Range basis. High minus low and mid price samples across the bar window.
Return basis. Not used. VWAP trio is price weighted by weights.
Components
• RightFlow Bins. Price histogram that grows to the right.
• Bull Bear Split. CLV based 0 to 1 share or pure bar direction.
• Weight Mode. Raw volume, notional volume times close, or DeltaProxy focus.
• Value Area Engine. POC then outward expansion to target share.
• HUD. Profile VWAP, Buy and Sell percent, winner delta, split and weight mode.
• Session windows optional. Scope resets on day or week.
Fusion rule
Color of each bin is the convex blend of bull and bear shares. Value area shading is lighter inside and darker outside.
Signal rule
This is context, not a trade signal. A strong separation between buy and sell percent with price holding inside VA often confirms balance. Price outside VA with skewed pressure often marks initiative moves.
What you will see on the chart
• Right side bins with blended colors.
• A POC line across the profile width.
• Labels for POC, VAH, and VAL.
• A compact HUD table in the top right.
Table fields and quick reading guide
• VWAP. Profile VWAP.
• Buy and Sell. Pressure shares in percent.
• Delta Winner. Winner side and margin in percent.
• Split and Weight. The active modes.
Reading tip. When Session scope is Today or This Week and Buy minus Sell is clearly positive or negative, that side often controls the day’s narrative.
Inputs with guidance
Setup
• Profile scope. Rolling or session reset. Rolling uses window bars.
• Rolling window bars. Typical 100 to 300. Larger is smoother.
Binning
• Price bins. Typical 32 to 128. More bins increase detail.
• Slices per bar. Typical 3 to 7. Raising it smooths distribution.
Weighting
• Weight mode. Raw, Notional, DeltaProxy. Notional emphasizes expensive prints.
• Bull Bear split. CLV or BarDir. CLV is more nuanced.
• Value Area percent. Typical 68 to 75.
View
• Profile width in bars, color split toggle, value area shading, opacities, POC line, VA labels.
Usage recipes
Intraday trend focus
• Scope Today, bins 64, slices 5, Value Area 70.
• Split CLV, Weight Notional.
Intraday mean reversion
• Scope Today, bins 96, Value Area 75.
• Watch fades back to POC after initiative pushes.
Swing continuation
• Scope Rolling 200 bars, bins 48.
• Use Buy Sell skew with price relative to VA.
Realism and responsible publication
No performance claims. Shapes can move while a bar forms and settle on close. Education only.
Honest limitations and failure modes
Thin liquidity and data gaps can distort bin weights. Very quiet regimes reduce contrast. Session time is the chart venue time.
Open source reuse and credits
None.
Legal
Education and research only. Not investment advice. Test on history and simulation before live use.
FluxVector Liquidity Universal Trendline FluxVector Liquidity Trendline FFTL
Summary in one paragraph
FFTL is a single adaptive trendline for stocks ETFs FX crypto and indices on one minute to daily. It fires only when price action pressure and volatility curvature align. It is original because it fuses a directional liquidity pulse from candle geometry and normalized volume with realized volatility curvature and an impact efficiency term to modulate a Kalman like state without ATR VWAP or moving averages. Add it to a clean chart and use the colored line plus alerts. Shapes can move while a bar is open and settle on close. For conservative alerts select on bar close.
Scope and intent
• Markets. Major FX pairs index futures large cap equities liquid crypto top ETFs
• Timeframes. One minute to daily
• Default demo used in the publication. SPY on 30min
• Purpose. Reduce false flips and chop by gating the line reaction to noise and by using a one bar projection
• Limits. This is a strategy. Orders are simulated on standard candles only
Originality and usefulness
• Unique fusion. Directional Liquidity Pulse plus Volatility Curvature plus Impact Efficiency drives an adaptive gain for a one dimensional state
• Failure mode addressed. One or two shock candles that break ordinary trendlines and saw chop in flat regimes
• Testability. All windows and gains are inputs
• Portable yardstick. Returns use natural log units and range is bar high minus low
• Protected scripts. Not used. Method disclosed plainly here
Method overview in plain language
Base measures
• Return basis. Natural log of close over prior close. Average absolute return over a window is a unit of motion
Components
• Directional Liquidity Pulse DLP. Measures signed participation from body and wick imbalance scaled by normalized volume and variance stabilized
• Volatility Curvature. Second difference of realized volatility from returns highlights expansion or compression
• Impact Efficiency. Price change per unit range and volume boosts gain during efficient moves
• Energy score. Z scores of the above form a single energy that controls the state gain
• One bar projection. Current slope extended by one bar for anticipatory checks
Fusion rule
Weighted sum inside the energy score then logistic mapping to a gain between k min and k max. The state updates toward price plus a small flow push.
Signal rule
• Long suggestion and order when close is below trend and the one bar projection is above the trend
• Short suggestion and flip when close is above trend and the one bar projection is below the trend
• WAIT is implicit when neither condition holds
• In position states end on the opposite condition
What you will see on the chart
• Colored trendline teal for rising red for falling gray for flat
• Optional projection line one bar ahead
• Optional background can be enabled in code
• Alerts on price cross and on slope flips
Inputs with guidance
Setup
• Price source. Close by default
Logic
• Flow window. Typical range 20 to 80. Higher smooths the pulse and reduces flips
• Vol window. Typical range 30 to 120. Higher calms curvature
• Energy window. Typical range 20 to 80. Higher slows regime changes
• Min gain and Max gain. Raise max to react faster. Raise min to keep momentum in chop
UI
• Show 1 bar projection. Colors for up down flat
Properties visible in this publication
• Initial capital 25000
• Base currency USD
• Commission percent 0.03
• Slippage 5
• Default order size method percent of equity value 3%
• Pyramiding 0
• Process orders on close off
• Calc on every tick off
• Recalculate after order is filled off
Realism and responsible publication
• No performance claims
• Intrabar reminder. Shapes can move while a bar forms and settle on close
• Strategy uses standard candles only
Honest limitations and failure modes
• Sudden gaps and thin liquidity can still produce fast flips
• Very quiet regimes reduce contrast. Use larger windows and lower max gain
• Session time uses the exchange time of the chart if you enable any windows later
• Past results never guarantee future outcomes
Open source reuse and credits
• None
