This is a 1 trade per day strategy for trading SPY or QQQ index. By default, this is designed for 1 min time frame. This was an experimental script that seems to be profitable at the time of publication.
How it works:
Pre-market high and low is defined per trading day between 9:00 to 9:30 EST.
Then we looking for the first breakout on either PM high or PM...
What is the Indicator?
• The indicator is a visualization of maximum price in which the respective index can go up to in comparison with it's Volatility Index or VIX.
Who to use?
• Intraday
• Swing
• Position
• Long term Investors
• Futures
• Options
• Portfolio Managers
• Mutual Fund Managers
• Index Traders
• Volatility based Traders
• Long term Investors...
Intro
For my first script, I have released Make Your Own Index version 1. It has a long way to go so please stay tuned. Scroll down to read all the updates and notes as they come in.
Why it matters
Making your index is important to quickly see an index of symbols that you want to chart. Having the ability to assign weightings gives you the opportunity to make...
![SPY: [Pt] Premarket Breakout Strategy](https://s3.tradingview.com/0/0LJUxO7T_mid.png "[Pt] Premarket Breakout Strategy")
