High Probability TQQQ Call Signal

Market trend filter (both must be true)

SPY uptrend: SPY close > SPY 20-EMA and 50-EMA

QQQ uptrend: QQQ close > QQQ 20-EMA and 50-EMA

Leadership trigger (need at least one)

NVDA breakout: today’s NVDA close > yesterday’s high and today’s volume > 1.5 × 10-day avg vol

MSFT breakout: same rule for MSFT

Signal

If (1) AND (NVDA breakout OR MSFT breakout) → “TQQQ Call” signal prints on the chart and tints the background.

Trade idea implied by the setup

You’re using mega-cap leadership strength to confirm a broad tech uptrend, then buying TQQQ (or calls on TQQQ/QQQ) when leaders expand on high volume.

How to use it (practical rules)

Timeframe: Keep it on a Daily chart (or any chart, but the logic is all Daily).

Entry (simplest):

Enter TQQQ at next day’s open after a signal (or same-day close, but next-open is cleaner for testing).

Stops / invalidation (pick one):

QQQ close < 20-EMA (trend wobble → exit)

Or TQQQ close < 20-EMA

Or ATR stop: 2× ATR(14) below entry (fixed)
(Use whichever matches your style; for position trades, I like “QQQ close < 20-EMA”)

Profit taking (examples):

Partial at +8–12% on TQQQ, trail the rest with QQQ 20-EMA

Or time-based: 10 trading days then reassess, provided trend filters still pass

When to avoid:

Major macro days (CPI/PPI/NFP/FOMC) if you don’t want gap risk

If only one of SPY/QQQ is above EMAs (filter fails)

If breakouts happen on weak volume (below 1.5×)



Disclaimer:
This Pine Script is provided solely for informational and educational purposes. It is not investment advice or a recommendation to buy or sell any security, derivatives, or financial instrument. The signals and logic contained herein are based on historical data and technical analysis concepts, which may not reflect future market conditions.

Users are solely responsible for evaluating the risks associated with trading and investing. The author makes no guarantees regarding accuracy, reliability, or future performance. Past performance is not indicative of future results.

The author is not a registered financial advisor, broker, or dealer, and assumes no responsibility or liability for any financial losses incurred from the use or interpretation of this script.

Trading highly leveraged instruments such as TQQQ, futures, or options carries significant risk, including the possibility of losing more than your initial investment. Always conduct your own research and, if necessary, consult with a licensed financial professional.

By using this script, you agree that you are doing so at your own risk.