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Cari skrip untuk "spy"

SPY Key LevelsUse Case Do you belong to a group of traders that post key levels based on their technical analysis to be utilized for trading opportunities? The goal of this indicator is to reduce your daily prep time by allowing you to paste in the actual level values instead of trying to manually create each of the horizontal lines. How it works Simply enter the values of the key levels that you would like to plot horizontal lines for Settings You can enable/disable any of the levels You can change the colors of the levels You can add Previous Day High and Previous Day Low levels to the chart Limitations Currently the levels (besides PDH/PDL) are hardcoded to only display for the SPY security "AMEX:SPY" // Terms \\ Feel free to use the script, If you do use the script could you please just tag me as I am interested to see how people are using it. Good Luck!
Indikator Pine Script®
oleh amartin0iu1r
SPY Sniper Levels [Day Trader]Here is a professional, concise description you can copy and paste directly into the TradingView publication description box. I’ve written it to appeal to other serious price action traders. *** **Title:** SPY Sniper Levels **Description:** Designed for high-speed day trading on **SPY** and major indices. This lightweight script eliminates the need for manual morning prep by automatically plotting the four critical liquidity zones that institutional algorithms target every session. **Features:** * **PDH / PDL (Solid Lines):** Previous Day High & Low. These are the major "walls" for the session. * **PMH / PML (Dotted Circles):** Pre-Market High & Low. These levels automatically track during the pre-market session (04:00–09:30 EST) and **lock** the moment the market opens. This creates a static reference for Opening Range Breakouts (ORB). **How to Trade This Setup:** 1. **The Breakout:** Look for high-volume candles closing outside the PMH/PML in the first 30 minutes. 2. **The Fade:** Watch for "traps" (long wicks) at the PDH/PDL to fade the price back toward VWAP. 3. **The Trend:** If price holds above the PDH, look for a trend day. If it fails to break the PML, look for a chop day. **Best Settings:** * Optimized for **1m, 2m, and 5m** timeframes. * Works best on Dark Mode charts. *** googleusercontent.com
Indikator Pine Script®
oleh mrjngum
SPY, QQQ, VIX - Multi TF Trend Table***CURRENTLY IN BACKTESTING PHASE*** This TradingView script creates a real-time multi-timeframe trend status table for SPY, QQQ, and VIX using the Ripster-style EMA cloud logic. 🔍 What It Shows: Current Price (1 Min): Live snapshot of each symbol. 10min Trend (5/12 EMA): Short-term momentum. 10min Trend (34/50 EMA): Intermediate-term direction. 1 Hour Trend: Higher timeframe trend. Daily Trend: Long-term trend using 5/12 and 34/55 EMA alignment. Each cell is color-coded: ✅ Green = Bullish ❌ Red = Bearish Yellow can be used for neutral if customized. ⚙️ How It Works: Uses request.security() to pull multi-timeframe EMA values for each symbol. Compares fast/slow EMAs to determine bullish or bearish alignment. The table is refreshed live and placed in a corner of your choice. ✅ Ideal For: Trend traders using Ripster EMA clouds SPY/QQQ/VIX correlation watchers Traders seeking real-time trend clarity across multiple timeframes
Indikator Pine Script®
oleh honeybeefo
SPY EMA + VWAP Day Trading Strategy (Market Hours Only)//@version=5 indicator("SPY EMA + VWAP Day Trading Strategy (Market Hours Only)", overlay=true) // === Market Hours Filter (EST / New York Time) === nySession = input.session("0930-1600", "Market Session (NY Time)") inSession = time(timeframe.period, "America/New_York") >= time(nySession, "America/New_York") // EMAs ema9 = ta.ema(close, 9) ema21 = ta.ema(close, 21) // VWAP vwap = ta.vwap(close) // Plot EMAs & VWAP plot(ema9, "EMA 9", color=color.green, linewidth=2) plot(ema21, "EMA 21", color=color.orange, linewidth=2) plot(vwap, "VWAP", color=color.blue, linewidth=2) // ----------- Signals ----------- long_raw = close > ema9 and ema9 > ema21 and close > vwap and ta.crossover(ema9, ema21) short_raw = close < ema9 and ema9 < ema21 and close < vwap and ta.crossunder(ema9, ema21) // Apply Market Hours Filter long_signal = long_raw and inSession short_signal = short_raw and inSession // Plot Signals plotshape(long_signal, title="BUY", style=shape.labelup, location=location.belowbar, color=color.green, size=size.small, text="BUY") plotshape(short_signal, title="SELL", style=shape.labeldown, location=location.abovebar, color=color.red, size=size.small, text="SELL") // Alerts alertcondition(long_signal, title="BUY Alert", message="BUY Signal (Market Hours Only)") alertcondition(short_signal, title="SELL Alert", message="SELL Signal (Market Hours Only)")
Indikator Pine Script®
oleh hungryPiex3L
SPY DXY VIX MonitorIf you like to monitor DXY and VIX while trading SPY this tool is for you. It gives you the price of all three and the direction they are going based on a smoothed derivative. This should help you make trading decisions based on this strategy of monitoring the three much easier as you get a small box on your chart. You can change the location of this on your chart to! I know its a small release but I hope you can find great use with this!
Indikator Pine Script®
oleh The_Peaceful_Lizard
1
SPY Option returns calculations This script allows you to calculate returns on double butterfly options, specifically for 0 DTE and 1 DTE(days to expiration) for options that have expiration on Monday, Tuesday and Friday(Mostly SPY). The script is bi-directional, meaning it will calculate the returns on a put and call butterfly simultaneously, not just a put or just a call butterfly. The script was developed to calculate how much return could be made on opening a double butterfly option by opening a position right at the open of the day on a 0 DTE option. The script rounds the price up or down to the nearest strike price at open. From there you would need to chose how far to select your options from the opening strike price. You would also need to select how many contracts you would like to open, negative - is selling an option positive + is buying an option. As an example the script is defaulted to a 0,2,4 strike position with buying 1 contract at the 0, selling 3 contracts at the +/- 2 strike and selling 2 contracts at the +/- strike. The default is set to an unbalanced double butterfly as it allows a better credit collection than a standard butterfly. To change to a standard butterfly change the # of contracts to 1 -2 and 1 respectively. The script defaults a return of 0 on Tuesdays and Thursdays as there are no 0 DTE options available on those days. If you have questions about script ask ... if you have questions about options ... the answers will likely take too much time to answer.
Indikator Pine Script®
oleh tonycsa
Relative Strength (Volatility Adjusted)The volatility adjusted relative strength indicator offers a more precise approach to traditional RS indicators by incorporating volatility adjustments into its calculations. This will provide traders with a more nuanced view of relative performance between a selected instrument and a comparison index. Identifying Relative Strength (RS) and Weakness (RW) against a benchmark like the SPY is crucial for traders, as it highlights institutional activity in an equity, which retail traders rarely achieve on their own. However, the traditional method of simply comparing the rate of change of a stock to the rate of change for the SPY can be flawed. This method often fails to account for the inherent volatility of each stock, leading to misleading RS/RW readings. Consider two stocks that both move in response to SPY's movements. If SPY moves significantly more than its average (measured by its ATR), and the stock does the same, traditional RS calculations might show strength when, in fact, the stock is just mirroring SPY's increased volatility. For instance, if SPY typically moves $0.25 an hour but suddenly moves $1, and a stock typically moves $0.50 but moves $2, the stock's apparent RS might be overstated, when in reality there is no relative strength for the stock. By adjusting for volatility using the ATR (Average True Range), we normalize these movements and get a clearer picture of true RS/RW. For example, if SPY moves 5 times its average rate and a stock moves the same multiple of its own ATR, the RS should be considered neutral rather than strong. Similarly if a stock in absolute terms moves $1 while the SPY also moves $1 but the stock usually moves at twice the rate of the SPY, the stock should be considered relatively weak - not neutral. Usage Use this to identify stocks with actual strength or weakness compared to the market. When the RS line is above 0 and above the moving average it indicates a stock with relative strength that is still gaining more strength. When the RS line is above 0 but above the moving average it indicates a stock with relative strength that is currently losing strength. When the RS line is below 0 and below the moving average it indicates a stock with relative weakness that is still losing strength. When the RS line is below 0 but above the moving average it indicates a stock with relative weakness that is starting to gain back some strength.
Indikator Pine Script®
oleh mattishenner
9
Stock vs SPY % ChangeStock vs SPY % Change Indicator This Pine Script indicator helps you compare a stock's price performance to the S&P 500 (using SPY ETF) over a user-defined period. It calculates the percentage price change of the stock and SPY, then displays the difference as a relative performance metric. A positive value (plotted in green) indicates the stock is outperforming SPY (e.g., dropping only 3% while SPY drops 10%), while a negative value (plotted in red) shows underperformance. Features: Adjustable lookback period (default: 20 days) to analyze recent performance. Visual plot with green/red coloring for quick interpretation. Zero line to clearly separate outperformance from underperformance. How to Use: Apply the indicator to your stock's chart. Set the "Lookback Period" in the settings (e.g., 20 for ~1 month). Check the plot: Green (above 0) = Stock's % change is better than SPY's. Red (below 0) = Stock's % change is worse than SPY's. Use on daily or weekly charts for best results. Ideal for identifying stocks that hold up better during market downturns or outperform in uptrends. Perfect for relative strength analysis and to spot accumulation.
Indikator Pine Script®
oleh Mindahoy
Relative Strength vs Benchmark SPYRelative Strength vs Benchmark (SPY) This indicator compares the performance of the charted symbol (stock or ETF) against a benchmark index — by default, SPY (S&P 500). It plots a Relative Strength (RS) ratio line (Symbol / SPY) and its EMA(50) to visualize when the asset is outperforming or underperforming the market. Key Features 📈 RS Line (blue): Shows how the asset performs relative to SPY. 🟠 EMA(50): Smooths the RS trend to highlight sustained leadership. 🟩 Green background: Symbol is outperforming SPY (RS > EMA). 🟥 Red background: Symbol is underperforming SPY (RS < EMA). 🔔 Alerts: Automatic notifications when RS crosses above/below its EMA — signaling new leadership or weakness. How to Use Apply to any stock or ETF chart. Keep benchmark = SPY, or switch to another index (e.g., QQQ, IWM, XLK). Watch for RS crossovers and trends: Rising RS → money flowing into the asset. Falling RS → rotation away from the asset. Perfect for sector rotation, ETF comparison, and momentum analysis workflows.
Indikator Pine Script®
oleh josesalvada
1
Rolling Beta against SPY📈 Pine Script Showcase: Rolling Beta Against SPY Understanding how your favorite stock or ETF moves in relation to a benchmark like the S&P 500 can offer powerful insights into risk and exposure. This script calculates and visualizes the rolling beta of any asset versus the SPY ETF (which tracks the S&P 500). 🧠 What Is Beta? Beta measures the sensitivity of an asset's returns to movements in the broader market. A beta of: - 1.0 means the asset moves in lockstep with SPY, - >1.0 indicates higher volatility than the market, - <1.0 implies lower volatility or possible defensive behavior, - <0 suggests inverse correlation (e.g., hedging instruments). 🧮 How It Works This script computes rolling beta over a user-defined window (default = 60 periods) using classic linear regression math: - Calculates daily returns for both the asset and SPY. - Computes covariance between the two return streams. - Divides by the variance of SPY returns to get beta. ⚙️ Customization You can adjust the window size to control the smoothing: - Shorter windows capture recent volatility changes, - Longer windows give more stable, long-term estimates. 📊 Visual Output The script plots the beta series dynamically, allowing you to observe how your asset’s correlation to SPY evolves over time. This is especially useful in regime-change environments or during major macroeconomic shifts. 💡 Use Cases - Portfolio construction: Understand how your assets co-move with the market. - Risk management: Detect when beta spikes—potentially signaling higher market sensitivity. - Market timing: Use beta shifts to infer changing investor sentiment or market structure. 📌 Pro Tip: Combine this rolling beta with volatility, Sharpe ratio, or correlation tracking for a more robust factor-based analysis. Ready to add a layer of quantitative insight to your chart? Add the script to your watchlist and start analyzing your favorite tickers against SPY today!
Indikator Pine Script®
oleh coffee-man
Economic Crises by @zeusbottradingEconomic Crises Indicator by @zeusbottrading Description and Use Case Overview The Economic Crises Highlight Indicator is designed to visually mark major economic crises on a TradingView chart by shading these periods in red. It provides a historical context for financial analysis by indicating when major recessions occurred, helping traders and analysts assess the performance of assets before, during, and after these crises. What This Indicator Shows This indicator highlights the following major economic crises (from 1953 to 2020), which significantly impacted global markets: • 1953 Korean War Recession • 1957 Monetary Tightening Recession • 1960 Investment Decline Recession • 1969 Employment Crisis • 1973 Oil Crisis • 1980 Inflation Crisis • 1981 Fed Monetary Policy Recession • 1990 Oil Crisis and Gulf War Recession • 2001 Dot-Com Bubble Crash • 2008 Global Financial Crisis (Great Recession) • 2020 COVID-19 Recession Each of these periods is shaded in red with 80% transparency, allowing you to clearly see the impact of economic downturns on various financial assets. How This Indicator is Useful This indicator is particularly valuable for: ✅ Comparative Performance Analysis – It allows traders and investors to compare how different assets (e.g., Gold, Silver, S&P 500, Bitcoin) performed before, during, and after major economic crises. ✅ Identifying Market Trends – Helps recognize recurring patterns in asset price movements during times of financial distress. ✅ Risk Management & Strategy Development – Understanding how markets reacted in the past can assist in making better-informed investment decisions for future downturns. ✅ Gold, Silver & Bitcoin as Safe Havens – Comparing precious metals and cryptocurrencies against traditional stocks (e.g., SPY) to analyze their performance as hedges during economic turmoil. How to Use It in Your Analysis By overlaying this indicator on your Gold, Silver, SPY, and Bitcoin chart (for example), you can quickly spot historical market reactions and use that insight to predict possible behaviors in future downturns. ⸻ How to Apply This in TradingView? 1. Click on Use on chart under the image. 2. Overlay it with Gold ( OANDA:XAUUSD ), Silver ( OANDA:XAGUSD ), SPY ( AMEX:SPY ), and Bitcoin ( COINBASE:BTCUSD ) for comparative analysis. ⸻ Conclusion This indicator serves as a powerful historical reference for traders analyzing asset performance during economic downturns. By studying past crises, you can develop a data-driven investment strategy and improve your market insights. 🚀📈 Let me know if you need any modifications or enhancements!
Indikator Pine Script®
oleh zeusbottrading
Daily SPY PlanThe Daily SPY Plan indicator is a technical analysis tool designed to provide traders with a visual representation of price levels and take profit points for the SPY (S&P 500 ETF) on a daily timeframe. This indicator utilizes the Average True Range (ATR) to calculate projected price levels and take profit points, aiding traders in identifying potential breakout and profit-taking opportunities. Indicator Description: The indicator is written in Pine Script, specifically for use on the TradingView platform. It plots several levels on the price chart, each representing a potential breakout or take profit point. The levels are determined based on a fraction of the ATR added or subtracted from the closing price. The fractions used are 0.25, 0.5, 0.75, 1.0, 1.25, and 1.5 times the ATR. The indicator distinguishes between breakout levels and take profit levels using different colors. Breakout levels, which indicate potential entry or exit points, are displayed in green, while take profit levels are shown in gray. Key Features and Use: ATR Calculation: The indicator calculates the Average True Range (ATR) using a specified length (default value of 14). ATR is a measure of market volatility and represents the average range between the high and low prices over a specific period. Projected Price Levels: The indicator plots several projected price levels above and below the closing price. These levels are calculated by adding or subtracting a fraction of the ATR from the closing price. Traders can use these levels as potential breakout points or areas to set stop-loss orders. Take Profit Points: The indicator also plots take profit points at specific levels above and below the closing price. These levels are designed to help traders identify potential areas to secure profits or partially exit their positions. Visual Representation: The indicator utilizes step-like lines to plot the projected price levels and take profit points, providing a clear visual representation on the price chart. Traders can easily identify the relevant levels and incorporate them into their trading strategies. Customizability: The indicator allows traders to customize the ATR length and choose whether to display Fibonacci levels (although there are no Fibonacci calculations in the provided code). These customization options enable traders to adapt the indicator to their preferred trading style and timeframe. Limitations and Considerations: Complementary Analysis: The Daily SPY Plan indicator should be used as a complementary tool alongside other technical analysis techniques and indicators. It provides price levels and take profit points based on ATR calculations, but it doesn't incorporate additional market factors or trading strategies. Timeframe Suitability: The indicator is specifically designed for the daily timeframe of the SPY. Traders should consider adjusting the parameters and adapting the indicator if using it on different timeframes or instruments. Risk Management: While the indicator suggests potential breakout and take profit points, it does not provide explicit stop-loss levels or risk management parameters. Traders should incorporate appropriate risk management techniques to protect their capital. Conclusion: The Daily SPY Plan indicator is a valuable technical analysis tool for traders focusing on the SPY ETF and the daily timeframe. By utilizing the ATR, it helps traders identify potential breakout levels and take profit points. However, traders should remember that this indicator is just one piece of the puzzle and should be used in conjunction with other technical analysis tools and risk management strategies to make informed trading decisions.
Indikator Pine Script®
oleh Kill_Streak
2
S&P 500 E-Mini TrackerThis script generates a reference price for the S&P 500 ETF - SPY based on the current price of the ES contract, which is an E-Mini Futures contract representing the S&P 500 index. The indicator plots this reference price on the chart, providing a unique view of the relationship between these two popular markets. Advantages: Identifies divergence between the ES and SPY prices, indicating potential trading opportunities or shifts in market sentiment. Confirms trends by showing the correlation between the ES and SPY prices. Eliminates the need for multiple charts, allowing traders to focus on a single screen and make more informed decisions. Customizable Parameters: Color Scheme: Choose from various color options to customize the appearance of the indicator. Line Style: Select from different line styles to change the visual representation of the reference price. Divisor: Set the dividing factor to adjust the ratio at which the reference price is calculated. (Default value: 10). It is recommended to keep it at 10 for SPY. To use it with other Stocks/ ETFs, use simple ratio math to calculate the divisor and you can customize the indicator to scale accordingly. By using this indicator, traders can gain a deeper understanding of the relationship between the E-Mini and SPY markets, making it easier to identify trading opportunities and confirm trends.
Indikator Pine Script®
oleh SnowflakeTrader
VIX/VOLI RatioWe all know TVC:VIX . But what is NASDAQ:VOLI ? VOLI is basically a measure of expectations for market volatility over the next 30 calendar days as expressed by ATM options on AMEX:SPY nations.com So why is this VIX /VOLI ratio important? It's because it can give an important measure of options skew. It can show the premium of OTM options (particularly puts) over ATM. It can show if traders are interested in owning wings in AMEX:SPY Not a lot of info can be taken by just looking at the ratio as a standalone nominal value. Plus, the ratio is noisy and spotting a clear trend can be hard. For these reasons, I decided to code this indicator (which is best used on the Daily chart). I added two EMA clouds, 7 and 12 and color code them with respect to their positions. If 7 > 12, cloud will be green. If 7 < 12, cloud will be red. This will give a better view of how the ratio is trending. I then added a lookback period that can be changed from the indicator's setting (along with the fast and slow EMAs). The lookback period will be used to get the following parameters: - highest value - lowest value - 10th, 30th, 50th, 70th and 90th percentiles - Percentile Rank - Average, Median and Mode Having all these values in a table will give a better idea of where the current ratio sits.
Indikator Pine Script®
oleh juicySkew
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.
Indikator Pine Script®
oleh ky_yule1010
4
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.
Indikator Pine Script®
oleh barnabygraham
5
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!
Indikator Pine Script®
oleh colejustice
66