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SPX Weekly Expected Moves# SPX Weekly Expected Moves Indicator A professional Pine Script indicator for TradingView that displays weekly expected move levels for SPX based on real options data, with integrated Fibonacci retracement analysis and intelligent alerting system. ## Overview This indicator helps options and equity traders visualize weekly expected move ranges for the S&P 500 Index (SPX) by plotting historical and current week expected move boundaries derived from weekly options pricing. Unlike theoretical volatility calculations, this indicator uses actual market-based expected move data that you provide from options platforms. ## Key Features ### 📈 **Expected Move Visualization** - **Historical Lines**: Display past weeks' expected moves with configurable history (10, 26, or 52 weeks) - **Current Week Focus**: Highlighted current week with extended lines to present time - **Friday Close Reference**: Orange baseline showing the previous Friday's close price - **Timeframe Independent**: Works consistently across all chart timeframes (1m to 1D) ### 🎯 **Fibonacci Integration** - **Five Fibonacci Levels**: 23.6%, 38.2%, 50%, 61.8%, 76.4% between Friday close and expected move boundaries - **Color-Coded Levels**: - Red: 23.6% & 76.4% (outer levels) - Blue: 38.2% & 61.8% (golden ratio levels) - Black: 50% (midpoint - most critical level) - **Current Week Only**: Fibonacci levels shown only for active trading week to reduce clutter ### 📊 **Real-Time Information Table** - **Current SPX Price**: Live market price - **Expected Move**: ±EM value for current week - **Previous Close**: Friday close price (baseline for calculations) - **100% EM Levels**: Exact upper and lower boundary prices - **Current Location**: Real-time position within the EM structure (e.g., "Above 38.2% Fib (upper zone)") ### 🚨 **Intelligent Alert System** - **Zone-Aware Alerts**: Separate alerts for upper and lower zones - **Key Level Breaches**: Alerts for 23.6% and 76.4% Fibonacci level crossings - **Bar Close Based**: Alerts trigger on confirmed bar closes, not tick-by-tick - **Customizable**: Enable/disable alerts through settings ## How It Works ### Data Input Method The indicator uses a **manual data entry approach** where you input actual expected move values obtained from options platforms: ```pinescript // Add entries using the options expiration Friday date map.put(expected_moves, 20250613, 91.244) // Week ending June 13, 2025 map.put(expected_moves, 20250620, 95.150) // Week ending June 20, 2025 ``` ### Weekly Structure - **Monday 9:30 AM ET**: Week begins - **Friday 4:00 PM ET**: Week ends - **Lines Extend**: From Monday open to Friday close (historical) or current time + 5 bars (current week) - **Timezone Handling**: Uses "America/New_York" for proper DST handling ### Calculation Logic 1. **Base Price**: Previous Friday's SPX close price 2. **Expected Move**: Market-derived ±EM value from weekly options 3. **Upper Boundary**: Friday Close + Expected Move 4. **Lower Boundary**: Friday Close - Expected Move 5. **Fibonacci Levels**: Proportional levels between Friday close and EM boundaries ## Setup Instructions ### 1. Data Collection Obtain weekly expected move values from options platforms such as: - **ThinkOrSwim**: Use thinkBack feature to look up weekly expected moves - **Tastyworks**: Check weekly options expected move data - **CBOE**: Reference SPX weekly options data - **Manual Calculation**: (ATM Call Premium + ATM Put Premium) × 0.85 ### 2. Data Entry After each Friday close, update the indicator with the next week's expected move: ```pinescript // Example: On Friday June 7, 2025, add data for week ending June 13 map.put(expected_moves, 20250613, 91.244) // Actual EM value from your platform ``` ### 3. Configuration Customize the indicator through the settings panel: #### Visual Settings - **Show Current Week EM**: Toggle current week display - **Show Past Weeks**: Toggle historical weeks display - **Max Weeks History**: Choose 10, 26, or 52 weeks of history - **Show Fibonacci Levels**: Toggle Fibonacci retracement levels - **Label Controls**: Customize which labels to display #### Colors - **Current Week EM**: Default yellow for active week - **Past Weeks EM**: Default gray for historical weeks - **Friday Close**: Default orange for baseline - **Fibonacci Levels**: Customizable colors for each level type #### Alerts - **Enable EM Breach Alerts**: Master toggle for all alerts - **Specific Alerts**: Four alert types for Fibonacci level breaches ## Trading Applications ### Options Trading - **Straddle/Strangle Positioning**: Visualize breakeven levels for neutral strategies - **Directional Plays**: Assess probability of reaching target levels - **Earnings Plays**: Compare actual vs. expected move outcomes ### Equity Trading - **Support/Resistance**: Use EM boundaries and Fibonacci levels as key levels - **Breakout Trading**: Monitor for moves beyond expected ranges - **Mean Reversion**: Look for reversals at extreme Fibonacci levels ### Risk Management - **Position Sizing**: Gauge likely price ranges for the week - **Stop Placement**: Use Fibonacci levels for logical stop locations - **Profit Targets**: Set targets based on EM structure probabilities ## Technical Implementation ### Performance Features - **Memory Managed**: Configurable history limits prevent memory issues - **Timeframe Independent**: Uses timestamp-based calculations for consistency - **Object Management**: Automatic cleanup of drawing objects prevents duplicates - **Error Handling**: Robust bounds checking and NA value handling ### Pine Script Best Practices - **v6 Compliance**: Uses latest Pine Script version features - **User Defined Types**: Structured data management with WeeklyEM type - **Efficient Drawing**: Smart line/label creation and deletion - **Professional Standards**: Clean code organization and comprehensive documentation ## Customization Guide ### Adding New Weeks ```pinescript // Add after market close each Friday map.put(expected_moves, YYYYMMDD, EM_VALUE) ``` ### Color Schemes Customize colors for different trading styles: - **Dark Theme**: Use bright colors for visibility - **Light Theme**: Use contrasting dark colors - **Minimalist**: Use single color with transparency ### Label Management Control label density: - **Show Current Week Labels Only**: Reduce clutter for active trading - **Show All Labels**: Full information for analysis - **Selective Display**: Choose specific label types ## Troubleshooting ### Common Issues 1. **No Lines Appearing**: Check that expected move data is entered for current/recent weeks 2. **Wrong Time Display**: Ensure "America/New_York" timezone is properly handled 3. **Duplicate Lines**: Restart indicator if drawing objects appear duplicated 4. **Missing Fibonacci Levels**: Verify "Show Fibonacci Levels" is enabled ### Data Validation - **Expected Move Format**: Use positive numbers (e.g., 91.244, not ±91.244) - **Date Format**: Use YYYYMMDD format (e.g., 20250613) - **Reasonable Values**: Verify EM values are realistic (typically 50-200 for SPX) ## Version History ### Current Version - **Pine Script v6**: Latest version compatibility - **Fibonacci Integration**: Five-level retracement analysis - **Zone-Aware Alerts**: Upper/lower zone differentiation - **Dynamic Line Management**: Smart current week extension - **Professional UI**: Comprehensive information table ### Future Enhancements - **Multiple Symbols**: Extend beyond SPX to other indices - **Automated Data**: Integration with options data APIs - **Statistical Analysis**: Success rate tracking for EM predictions - **Additional Levels**: Custom percentage levels beyond Fibonacci ## License & Usage This indicator is designed for educational and trading purposes. Users are responsible for: - **Data Accuracy**: Ensuring correct expected move values - **Risk Management**: Proper position sizing and risk controls - **Market Understanding**: Comprehending options-based expected move concepts ## Support For questions, issues, or feature requests related to this indicator, please refer to the code comments and documentation within the Pine Script file. --- **Disclaimer**: This indicator is for informational purposes only. Trading involves substantial risk of loss and is not suitable for all investors. Past performance does not guarantee future results.
Pine Script® göstergesi
MovingIndex tarafından
SPX IC Intraday & StatsThis indicator was designed for traders who make intraday Iron Condors with the SPX. It basically has 2 main parts: Part 1: The indicator shows the distance, in real time, between the current SPX price and the IC selling wings (calls and puts wings) that have been selected. This result is displayed in percentages and in points. In the upper right corner (for calls) and lower right corner (for puts). The label will change color as the price moves closer to or further away from the sell strike. Darker red color as it approaches the wings, lighter green color as the price approaches the center of the Iron Condor. Part 2: Statistical dashboard showing the number of times in the past that from a certain hour (the current time) to the market close (4pm US East Time) the SPX moved outside or inside the width of the selected wings. The position of the table is configurable. By default, it's in the upper right corner. Dashboard: First Date: the first day of the sample (this varies depending on the timeframe, the higher the timeframe the larger the sample is, as TradingView counts more bars backwards, by default TV offers 10000 bars for the PRO version). Recommended 5 minutes. Range Time: refers to the time range of the sample. From the current time to 4pm (US East Time). Deviation Wing (%): It's the deviation (in percentage) based on the current time, from the current SPX price to the wing strikes. It takes the smaller value, either call or put wing. Total Days: the number of days in the sample. In range Days: the number of days that the price remained in that range from the current time to the market close. Out of Range Days: the number of days the price ended outside that range from the current time to the market close. Configuration: Open Time (Hour): IC opening hour. Open time (Minute): IC opening minutes. Width Wings: width of the wings from the SPX price at the configured time. Mini Rectangles: Refers to include within the IC 4 deviations (mini rectangles) to better visualize where the SPX price is with reference to the wings. Darker red color as it gets closer to the wings, lighter green color as the price gets closer to the center of the Iron Condor. Add SMAs: Add SMAs 8, 20 and 50 to the IC chart. Include Fundamental Days: Include or not in the sample important news days. They are considered: FED Meetings, CPI Reports, Unemployment Reports, Powell Speech. Include Days: (Monday, Tuesday, Wednesday, Thursday, Friday). Include (or not) in the sample the chosen days. Apply Filters Since: Sampling start date. Per default: False. Table Position: Dashboard position. Note 1: It's recommended to use the Dark Theme Color of TradingView. Note 2: this indicator will only work in intraday timeframes less than 30 minutes (1m, 2m, 5m, 10m, 15m, 30m) and will only show results while the market is open. ************************************ Spanish Version: Este indicador fue diseñado para los traders que hacen intradías de Iron Condors con el SPX. Básicamente cuenta con 2 partes principales: Parte 1: El indicador muestra la distancia, en tiempo real, entre el actual precio del SPX y las alas vendedoras (alas calls y puts) que se hayan seleccionado. Este resultado se muestra en porcentajes y en puntos. En la esquina superior derecha (para los calls) e inferior derecha (para los puts). El label cambiará de color a medida que el precio se acerque o aleje del precio de las alas. Color rojo más oscuro a medida que se acerque a las alas, color verde claro cuando el precio se acerque al centro del Iron Condor. Parte 2: Dashboard estadístico que muestra la cantidad de veces que desde una determinada hora (el tiempo actual) hasta el cierre del mercado (4pm US East Time) el SPX se movió fuera o dentro del ancho de las alas seleccionadas. La posición de la tabla es configurable. Por defecto esta en la esquina superior derecha. Dashboard: First Date: el primer día de la muestra (esto varía dependiendo el timeframe, a mayor timeframe la muestra es mayor, ya que TradingView contará más barras para atrás (por default TV ofrece 10000 barras para la versión PRO). Recomendado 5 minutos. Range Time: se refiere al rango horario de la muestra. Desde la hora actual hasta las 4pm (US East Time) Deviation Wing (%): Es la desviación en porcentaje en base a la hora actual, desde el precio actual del SPX hasta el ancho de las alas. Toma el menor valor, sea al ala call o al ala put. Total Days: la cantidad de días de la muestra. In range Days: la cantidad de días que el precio se mantuvo en ese rango desde la hora actual hasta el cierre del mercado Out of Range Days: la cantidad de días que el precio terminó fuera de ese rango desde la hora actual hasta el cierre del mercado. Configuración: Open Time (Hour): Hora de apertura del IC. Open time (Minute): Minutos de apertura del IC. Width Wings: ancho de las alas desde el precio del SPX a la hora configurada. MiniRectangles: Se refiere a incluir dentro del IC 4 desviaciones (mini rectángulos) para visualizar de mejor manera donde se encuentra el precio del SPX con referencia a las alas. Color rojo más oscuro a medida que se acerque a las alas, color verde claro cuando el precio se acerque al centro del Iron Condor. Add SMAs: Agrega al cuadro las SMA 8, 20 y 50. Include Fundamental Days: Incluye o no en la muestra días de noticias importantes. Son considerados: FED Meetings, CPI Reports, Unemployment Reports, Powell Speech. Include Days: (Monday, Tuesday, Wednesday, Thursday, Friday). Incluye (o no) en la muestra los días elegidos. Apply Filters Since: Fecha de comienzo del muestreo. Table Position: Posición del dashboard. Nota 1: se recomienda usar el Dark Theme Color de TradingView. Nota 2: este indicador solo funcionará en temporalidades intradías menores a 30 minutos (1m,2m,5m,10m,15m,30m) y Solo mostrará resultados mientras el mercado esté abierto, o sea en tiempo real.
Pine Script® göstergesi
seba34e tarafından
1
SPX-VIX Intraday DivergenceAs a long-term buyer/short-seller, you will always find different ways to enter the market , moving average crossovers, breakouts , overbought/oversold conditions being some of the classy methods. However, they are decreasingly effective... 😢 Recently I have realized that analysis beyond the technical indicators will bring trading to the next level because I will be able to confirm my trading signals without relying too much on basic price actions and patterns which are easily manipulated by big banks and institutions. 👍 Today I will introduce you to my divergence indicator making use of SPX and VIX. Unlike MacD or RSI divegence , which would involve normative judgement , it will take account of the unusual move by SPX alongwith the VIX , to the exploit chances that options market, where most experienced investors participated in has a preceding insight into the equity market about the upcoming moves. I have divided signals into two groups. Bullish divergence - SPX Down , VIX also Down 👇 Bearish divergence - SPX Up , VIX also Up 👆 I hope this script will enable us to take advantage of the options market activities , to provide a REAL divergence signal, and be used coupled with our own chart patterns or other price signals, and more importantly to score more and more winning trades!!! If you want more useful scripts from me, please like and share my posts. And don't forget to follow my account to grab the latest ideas and tools! 😘
Pine Script® göstergesi
lonelygrass tarafından
6
SPX Expected MoveThis indicator plots the "expected move" of SPX for today's trading session. Expected move is the amount that SPX is predicted to increase or decrease from its current price, based on the current level of implied volatility. The implied volatility in this indicator is computed from the current value of the VIX (or one of several volatility symbols available on Trading view). The computation is done using standard formula. The resulting plots are labeled as 1 and 2 standard deviations. The default values are to use VIX as well as 252 trading days in the years. Use the square root of (days to expiration, or in this case a fraction of the day remaining) divided but the square root of (252, or number of trading days in a year). timeRemaining = math.sqrt(DTE) / math.sqrt(252) Standard deviation move = SPX bar closing price * (VIX/100) * timeRemaining
Pine Script® göstergesi
robertsullivan1956 tarafından
16
SPX IB Intraday Real TimeThis indicator was designed for traders doing Iron Butterflies intradays with the SPX. Draw and assemble the picture of an IB with the call and put wings chosen according to the selected configuration. Additionally, it shows both breakevens according to the credit obtained. The indicator shows the distance, in real time, between the current price of the SPX and the breakevens (calls and puts) that have been selected. This result is shown in percentages and points. In the upper right corner (for calls) and lower right (for puts). The label will change color as the price moves closer or further away from the breakevens. Setting: Open Time (Hour): IB opening time. Open Time (Minute): IB opening minutes. Open Price: Strike to which the center or body of the IB was opened. Auto Price Open: If enabled, it will take the strike at the price closest to the SPX. Wings Width: width of the IB wings. Credit: Refers to the credit obtained according to the IB that was opened. Shows Breakeven: Shows breakeven points at expiration based on credit earned. Add SMAs: Adds the SMAs 8, 20 and 50 to the chart. Note 1: It is recommended to use TradingView's Dark Theme Color. Note 2: this indicator will only work in intraday times of less than 30 minutes (1m,2m,5m,10m,15m,30m) and will only show results while the market is open, that is, in real time. ************************************ Spanish Version: Este indicador fue diseñado para los traders que hacen intradías de Iron Butterflies con el SPX. Dibuja y arma el cuadro de un IB con las alas call y puts elegidas de acuerdo a la configuración seleccionada. Además, muestra ambos breakevens según el crédito obtenido. El indicador muestra la distancia, en tiempo real, entre el actual precio del SPX y los breakevens (calls y puts) que se hayan seleccionado. Este resultado se muestra en porcentajes y en puntos. En la esquina superior derecha (para los calls) e inferior derecha (para los puts). El label cambiará de color a medida que el precio se acerque o aleje de los breakevens. Configuración: Open Time (Hour): Hora de apertura del IB. Open Time (Minute): Minutos de apertura del IB. Open Price: Strike al que se abrió el centro o cuerpo del IB. Auto Price Open: Si se encuentra habilitado tomará el strike al precio más cercano al SPX. Wings Width: ancho de las alas del IB. Credit: Se refiere al crédito obtenido según el IB que se abrió. Shows Breakeven: Muestra los puntos de breakeven en la expiración según el crédito obtenido. Add SMAs: Agrega al cuadro las SMA 8, 20 y 50. Nota 1: se recomienda usar el Dark Theme Color de TradingView. Nota 2: este indicador solo funcionará en temporalidades intradías menores a 30 minutos (1m,2m,5m,10m,15m,30m) y solo mostrará resultados mientras el mercado esté abierto, o sea en tiempo real.
Pine Script® göstergesi
seba34e tarafından
2
SPX ES SpreadA very simple indicator to display the spread between ES and SPX. The table by default displays in the upper right corner of the chart. If you are on the chart for SPX, it will show the current price of ES, as well as the difference in points between the two. Similarly, if on the chart for ES, it will show the price for SPX as well as the difference in points between the two. The table does not appear at all if the chart symbol is anything other than ES or SPX. The specific symbols used can be defined by the user.
Pine Script® göstergesi
mrmccraig tarafından
4
SPX Implied Probability of closing above/belowThis is a recreation of the work done by Michael Rechenthin aka "Dr.Data" from Tastytrade back in 2016 (this indicator is for SP:SPX only) You can watch the episode where "Dr.Data", Tom and Tony go over this concept on the following link: www.tastytrade.com The following are my personal additions: - ability to choose between TVC:VIX and NASDAQ:VOLI as the IV input - ability to choose between 252 and 365 for the number of days Note that I’m displaying 4 decimal places (#.####) to be as accurate as possible but sometimes you will see 0% or 100% displayed which means that more decimal places are needed (0% could be 0.00005% or 100% could be 99.99995%).
Pine Script® göstergesi
juicySkew tarafından
1
QQQ NQ NDX SPY SPX ES Price Convert Overlay _____________________________________________________________________ QQQ NQ NDX SPY SPX ES Price Convert Overlay Indicator ____________________ This 'Prices Overlay' indicator is a minimalist tool for traders who want to track and compare Nasdaq and S&P 500 instruments quickly and clearly, boosting efficiency and decision-making with minimal distraction. How to Use It ____________________ Add the indicator onto your TradingView chart. Adjust your Right Margin in TradingView Settings > Canvas to show as much or as little of the line as you want, based on the "Price Buffer" indicator setting. Select which instruments to overlay (e.g., QQQ, SPX). Adjust levels, buffer, font, transparency, and update interval. Features and Functions ____________________ 1. Automatic Ticker Detection: The indicator identifies the ticker of your current chart (e.g., NQ, ES, SPY). It then shows price levels for related instruments, eg: On an NQ or MNQ chart, it can display QQQ or NDX levels. On an ES or MES chart, it can display SPY or SPX levels. ...and vice versa 2. Adjustable Number of Levels You can choose how many price levels to show, from 10 to 100. This lets you decide how much detail you want based on your trading needs. 3. Visual Customization Price Buffer: Move the lines and labels horizontally closer/further price action. Font Size: Pick from "Tiny," "Small," or "Normal" for label text size. Line Transparency: Adjust the opacity of the lines (0% = solid, 100% = invisible) to blend them with your chart. 4. Support for Micro Futures Works with both regular futures (NQ, ES) and micro futures (MNQ, MES), perfect for traders using smaller contract sizes. 5. Update Frequency Set how often the price levels refresh, from every 5 seconds to every 60 seconds. This keeps the data current without slowing down your chart. 6. Accurate Price Conversion Uses specific multipliers for each instrument (e.g., 100.0 for NDX and SPX, 1.0 for QQQ and SPY) to calculate and display price levels correctly. Fetches real-time prices and converts them to match your chart’s scale. Price conversions courtesy of PtGambler. Benefits ____________________ Easier Analysis: See how prices from different instruments line up on one chart—no need for multiple screens or math. Customizable: Turn on/off instruments and tweak visuals to fit your trading style. Time-Saving: Automates price conversions, letting you focus on trading decisions. Thanks! ____________________ Thank you for your interest in my work. This is something I use every day for my trading and wanted to share it with the public. If you have any comments, bugs, or suggestions, please leave them here, or you can find me on Twitter or Discord. @ ContrarianIRL Open-source developer for over 25 years
Pine Script® göstergesi
ContrarianIRL tarafından
SPY SPX ES Price Converter+ [Pt]This is a + version of my original SPY SPX ES Price Converter indicator Description The SPY SPX ES Price Converter is a powerful and easy-to-use tool that allows traders to view corresponding price levels for linked instruments in real-time. This includes SPY, SPX, ES, and SPX500USD. Although these instruments often move in sync, differences in price movements, volume, and trading hours can create unique key levels and support/resistance areas for each. By mapping these levels on the same chart, traders can more easily spot trading opportunities and improve their chances of success. Customizable features - multiplier from the closest whole number price level - line color - line style - label position / size - # of levels to display - toggle current price display table || ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|| This script includes the following premium unique features. SPY / SPX Gaps detector A gap is an area on a chart where the price between two bars changes significantly without any trades happening between them. Such gaps often occur when a strong shift in sentiment happens during the hours when markets are usually closed. This indicator highlights these gaps on the chart and extends them further until they have been covered (i.e., when a newer bar has crossed that gap). Overnight gaps from SPY or SPX can be mapped directly onto ES chart VWAPs VWAPs of these linked instruments can be mapped onto the chart. For example, ES VWAP mapped onto SPY chart, or vise versa. This allows for clear visualization of the price action near these VWAP levels. Custom Cross Instruments Price Targets Want to trade SPY options while watching ES chart or vise versa? You can setup to 8 price targets and see the corresponding converted price level. No need to switch between charts to try to figure out which price level corresponds to which.
Pine Script® göstergesi
PtGambler tarafından
60
Adaptive Trend Flow Strategy with Filters for SPXThe Adaptive Trend Flow Strategy with Filters for SPX is a complete trading algorithm designed to identify traits and offer actionable alerts for the SPX index. This Pine Script approach leverages superior technical signs and user-described parameters to evolve to marketplace conditions and optimize performance. Key Features and Functionality Dynamic Trend Detection: Utilizes a dual EMA-based totally adaptive method for fashion calculation. The script smooths volatility the usage of an EMA filter and adjusts sensitivity through the sensitivity enter. This allows for real-time adaptability to market fluctuations. Trend Filters for Precision: SMA Filter: A Simple Moving Average (SMA) guarantees that trades are achieved best while the rate aligns with the shifting average trend, minimizing false indicators. MACD Filter: The Moving Average Convergence Divergence (MACD) adds some other layer of confirmation with the aid of requiring alignment among the MACD line and its sign line. Signal Generation: Long Signals: Triggered when the fashion transitions from bearish to bullish, with all filters confirming the pass. Short Signals: Triggered while the trend shifts from bullish to bearish, imparting opportunities for final positions. User Customization: Adjustable parameters for EMAs, smoothing duration, and sensitivity make certain the strategy can adapt to numerous buying and selling patterns. Enable or disable filters (SMA or MACD) based totally on particular market conditions or consumer possibilities. Leverage and Position Sizing: Incorporates a leverage aspect for dynamic position sizing. Automatically calculates the exchange length based on account fairness and the leverage element, making sure hazard control is in area. Visual Enhancements: Plots adaptive fashion ranges (foundation, top, decrease) for actual-time insights into marketplace conditions. Color-coded bars and heritage to visually represent bullish or bearish developments. Custom labels indicating crossover and crossunder occasions for clean sign visualization. Alerts and Automation: Configurable alerts for each lengthy and quick indicators, well matched with automated buying and selling structures like plugpine.Com. JSON-based alert messages consist of account credentials, motion type, and calculated position length for seamless integration. Backtesting and Realistic Assumptions: Includes practical slippage, commissions, and preliminary capital settings for backtesting accuracy. Leverages excessive-frequency trade sampling to make certain strong strategy assessment. How It Works Trend Calculation: The method derives a principal trend basis with the aid of combining fast and gradual EMAs. It then uses marketplace volatility to calculate adaptive upper and decrease obstacles, creating a dynamic channel. Filter Integration: SMA and MACD filters work in tandem with the fashion calculation to ensure that handiest excessive-probability signals are accomplished. Signal Execution: Signals are generated whilst the charge breaches those dynamic tiers and aligns with the fashion and filters, ensuring sturdy change access situations. How to Use Setup: Apply the approach to SPX or other well suited indices. Adjust person inputs, together with ATR length, EMA smoothing, and sensitivity, to align together with your buying and selling possibilities. Enable or disable the SMA and MACD filters to test unique setups. Alerts: Configure signals for computerized notifications or direct buying and selling execution through third-celebration systems. Use the supplied JSON payload to integrate with broking APIs or automation tools. Optimization: Experiment with leverage, filter out settings, and sensitivity to find most effective configurations to your hazard tolerance and marketplace situations. Considerations and Best Practices Risk Management: Always backtest the method with realistic parameters, together with conservative leverage and commissions. Market Suitability: While designed for SPX, this method can adapt to other gadgets by means of adjusting key parameters. Limitations: The method is trend-following and can underperform in enormously risky or ranging markets. Regularly evaluate and modify parameters primarily based on recent market conduct. If you have any questions please let me know - I'm here to help!
Pine Script® stratejisi
PineIndicators tarafından
7
Chande Kroll Trend Strategy (SPX, 1H) | PINEINDICATORSThe "Chande Kroll Stop Strategy" is designed to optimize trading on the SPX using a 1-hour timeframe. This strategy effectively combines the Chande Kroll Stop indicator with a Simple Moving Average (SMA) to create a robust method for identifying long entry and exit points. This detailed description will explain the components, rationale, and usage to ensure compliance with TradingView's guidelines and help traders understand the strategy's utility and application. Objective The primary goal of this strategy is to identify potential long trading opportunities in the SPX by leveraging volatility-adjusted stop levels and trend-following principles. It aims to capture upward price movements while managing risk through dynamically calculated stops. Chande Kroll Stop Parameters: Calculation Mode: Offers "Linear" and "Exponential" options for position size calculation. The default mode is "Exponential." Risk Multiplier: An adjustable multiplier for risk management and position sizing, defaulting to 5. ATR Period: Defines the period for calculating the Average True Range (ATR), with a default of 10. ATR Multiplier: A multiplier applied to the ATR to set stop levels, defaulting to 3. Stop Length: Period used to determine the highest high and lowest low for stop calculation, defaulting to 21. SMA Length: Period for the Simple Moving Average, defaulting to 21. Calculation Details: ATR Calculation: ATR is calculated over the specified period to measure market volatility. Chande Kroll Stop Calculation: High Stop: The highest high over the stop length minus the ATR multiplied by the ATR multiplier. Low Stop: The lowest low over the stop length plus the ATR multiplied by the ATR multiplier. SMA Calculation: The 21-period SMA of the closing price is used as a trend filter. Entry and Exit Conditions: Long Entry: A long position is initiated when the closing price crosses over the low stop and is above the 21-period SMA. This condition ensures that the market is trending upward and that the entry is made in the direction of the prevailing trend. Exit Long: The long position is exited when the closing price falls below the high stop, indicating potential downward movement and protecting against significant drawdowns. Position Sizing: The quantity of shares to trade is calculated based on the selected calculation mode (linear or exponential) and the risk multiplier. This ensures position size is adjusted dynamically based on current market conditions and user-defined risk tolerance. Exponential Mode: Quantity is calculated using the formula: riskMultiplier / lowestClose * 1000 * strategy.equity / strategy.initial_capital. Linear Mode: Quantity is calculated using the formula: riskMultiplier / lowestClose * 1000. Execution: When the long entry condition is met, the strategy triggers a buy signal, and a long position is entered with the calculated quantity. An alert is generated to notify the trader. When the exit condition is met, the strategy closes the position and triggers a sell signal, accompanied by an alert. Plotting: Buy Signals: Indicated with an upward triangle below the bar. Sell Signals: Indicated with a downward triangle above the bar. Application This strategy is particularly effective for trading the SPX on a 1-hour timeframe, capitalizing on price movements by adjusting stop levels dynamically based on market volatility and trend direction. Default Setup Initial Capital: $1,000 Risk Multiplier: 5 ATR Period: 10 ATR Multiplier: 3 Stop Length: 21 SMA Length: 21 Commission: 0.01 Slippage: 3 Ticks Backtesting Results Backtesting indicates that the "Chande Kroll Stop Strategy" performs optimally on the SPX when applied to the 1-hour timeframe. The strategy's dynamic adjustment of stop levels helps manage risk effectively while capturing significant upward price movements. Backtesting was conducted with a realistic initial capital of $1,000, and commissions and slippage were included to ensure the results are not misleading. Risk Management The strategy incorporates risk management through dynamically calculated stop levels based on the ATR and a user-defined risk multiplier. This approach ensures that position sizes are adjusted according to market volatility, helping to mitigate potential losses. Trades are sized to risk a sustainable amount of equity, adhering to the guideline of risking no more than 5-10% per trade. Usage Notes Customization: Users can adjust the ATR period, ATR multiplier, stop length, and SMA length to better suit their trading style and risk tolerance. Alerts: The strategy includes alerts for buy and sell signals to keep traders informed of potential entry and exit points. Pyramiding: Although possible, the strategy yields the best results without pyramiding. Justification of Components The Chande Kroll Stop indicator and the 21-period SMA are combined to provide a robust framework for identifying long trading opportunities in trending markets. Here is why they work well together: Chande Kroll Stop Indicator: This indicator provides dynamic stop levels that adapt to market volatility, allowing traders to set logical stop-loss levels that account for current price movements. It is particularly useful in volatile markets where fixed stops can be easily hit by random price fluctuations. By using the ATR, the stop levels adjust based on recent market activity, ensuring they remain relevant in varying market conditions. 21-Period SMA: The 21-period SMA acts as a trend filter to ensure trades are taken in the direction of the prevailing market trend. By requiring the closing price to be above the SMA for long entries, the strategy aligns itself with the broader market trend, reducing the risk of entering trades against the overall market direction. This helps to avoid false signals and ensures that the trades are in line with the dominant market movement. Combining these two components creates a balanced approach that captures trending price movements while protecting against significant drawdowns through adaptive stop levels. The Chande Kroll Stop ensures that the stops are placed at levels that reflect current volatility, while the SMA filter ensures that trades are only taken when the market is trending in the desired direction. Concepts Underlying Calculations ATR (Average True Range): Used to measure market volatility, which informs the stop levels. SMA (Simple Moving Average): Used to filter trades, ensuring positions are taken in the direction of the trend. Chande Kroll Stop: Combines high and low price levels with ATR to create dynamic stop levels that adapt to market conditions. Risk Disclaimer Trading involves substantial risk, and most day traders incur losses. The "Chande Kroll Stop Strategy" is provided for informational and educational purposes only. Past performance is not indicative of future results. Users are advised to adjust and personalize this trading strategy to better match their individual trading preferences and risk tolerance.
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PineIndicators tarafından
7
Nico's SPX Dynamic ChannelsTest of dynamic channels and some statistics made by hand. This indicator was done specifically for the S&P500 index. As you can see, below the 125 EMA there's a lot more volatility than in the upside. I've made some kind of a dynamic linear regression of the lows and the highs. I've chosen the MA that best fits the SPX, and then calculated in Excel the percental mean and SDs of most important peaks and valleys that I've chosen in comparison to the 125 MA. This lead to the green, orange and red zones. BUT, I've calculated the peaks and valleys separately, as I assumed that a bear market and crashes have way more volatility than bull markets. That's why the difference between the upper and the lower channels. The neutral blue zone is composed by an upper EMA of the highs and lower EMA of the lows. No MA in this script uses the close price as a source. This MA makes sense because it represents a semester of trading, for this particular asset. Backtest results It's also interesting to try it here too, as it has a little bit more of data: SPCFD:SPX As it's not a trading system, I have no batting average nor ratios for this. Still, the measures of the peaks and valleys are very accurate and repeat themselves over and over again. The results were: 3rd resistance: 12.88% 2nd resistance: 10.12% 1st resistance: 7.36% 1st support: -6.42% 2nd support: -14.8% 3rd support: -23.18% All referred to the mean, which is the 125 EMA zone. After the 1950's works like magic, but not before. You will see that it doesn't work in the great depression and it's crash. How to use this indicator Green = First grade support/resistance . Orange = Second grade support/resistance . Caution. Red = Third grade support/resistance . High chances of mean reversal. Blue zone = This is the neutral zone, where the prices are not cheap nor expensive. Often in a trending market, the price will have the blue zone as it's main support and when trending the price will stick to the green MA. When the price touches the orange MA, the most probable is that it will return to the green MA. If the price touches the red zone, there's a high chance that this is a big turning point and it will reverse to the mean (green or blue zone). Imagine you've bought each time the price touched the red support, check that and you'll start liking this indicator. I think it is a great entry point for investors. The red resistance is good too, but of course it works for a short period of time. I've backtested this indicator since the beginning of the dataset and it works like magic, but ONLY for the SPX index (spot price). Leave a comment or some coins if you like it!!! (I've posted it before like an analysis, not as a script, my bad)
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NicolasRZ tarafından
6
SPY SPX ES Price Converter [Pt]A must have tool for SPY SPX ES traders~!!! Description The SPY SPX ES Price Converter is a powerful and easy-to-use tool that allows traders to view corresponding price levels for linked instruments in real-time. This includes SPY, SPX, ES, and SPX500USD. Although these instruments often move in sync, differences in price movements, volume, and trading hours can create unique key levels and support/resistance areas for each. By mapping these levels on the same chart, traders can more easily spot trading opportunities and improve their chances of success. Customizable features - multiplier from the closest whole number price level - line color - line style - label position / size - # of levels to display - toggle current price display table
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PtGambler tarafından
21
Compare ticker against SPX - yoyo This script is built on a request of one of the best trader yoyo. The script compares the performance of a tickers against SPX. The script gives user option to override default SPX ticker to a ticker of their choice using settings. The script does a % change comparison against base stock which is SPX by default for same timeframes and you can see relativity of stock to the other. It also does plot a line that shows any divergence.
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beststockalert tarafından
Swing Trading SPX CorrelationThis is a long timeframe script designed to benefit from the correlation with the Percentage of stocks Above 200 moving average from SPX At the same time with this percentage we are creating a weighted moving average to smooth its accuracy. The rules are simple : If the moving average is increasing its a long signal/short exit If the moving average is decreased its a short signal/long exit. Curently the strategy has been adapted for long only entries. If you have any questions let me know !
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exlux tarafından
@WACC Volatility Weighted PUT/CALL Positions [SPX]This indicator is based on Volatility and Market Sentiment. When volatility is high, and market sentiment is positive, the indicator is in a low or 'buy state'. When volatility is low and market sentiment is poor, the indicator is high. The indicator uses the VIX as it's volatility input. The indicator uses the spread between the Call Volume on SPX/SPY and the Put Volume. This is pulled from CVSPX and PVSPX. When volatility and put/call reaches a critical level, such as the levels present in a crisis or a sell off, the line will be green. See Sept 2015, 2008, and Feb 2018. This level can be edited in the source code. As the indicator is based on Put/Call, the indicator works best on larger time frames as the put/call ratio becomes a more discernible measure of sentiment over time.
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UnknownUnicorn2421992 tarafından
1
SPX Mapped Gaps [Mxwll]Hello traders 👋 This indicator "SPX Mapped Gaps" detects gaps from the SPX (or the trader's choice of index/asset) and plots them for the asset on your chart! Features Selectable comparison symbol Gaps from the selected symbol (SPX by default) are plotted for the asset on your chart - serving as potential support/resistance levels! Closest gaps from comparison symbol displayed in upper-right table Overlapped gaps deleted automatically - less clutter! How this script works The "SPX Mapped Gaps" is designed to help traders determine price levels for the asset on their chart where a major index (any asset) gapped up or down. Of course, a gap that occurs on SPX (4-digit price) is incompatible with the price chart of BTC (5-digit price). To circumvent this, the percentage distance of the gap from SPX is determined, and a gap level is drawn equidistantly (up/down) from the open price of the asset on your chart. With this method, the proportion of the gap is maintained at the price area it occurred for the asset on your chart! The image above outlines functionality for the indicator! Key points: Up gaps are denoted by green boxes Down gaps are denoted by red boxes All gaps are listed with their start and end price for the comparison asset (SPX for the example). These labels can be hidden at the user's discretion. Gaps are expected to act as support/resistance during their lifetime The image above explains the output of the script, including line style indications! Solid lines indicate that the leverage used for at your entry price constitutes an active trade. Dotted lines mean the trade has already achieved your profit target for that leverage, or stopped out. The image above explains the table attached to the indicator! This table displays the closest gaps to the current asset price. The status (up gap or down gap) from the gap to the current price is also detailed. Why are gaps on the SPX, or major index, relevant to BTC and other assets? When a gap on the major indices occurs, it's expected that strong aggregate buying or selling pressure will transpire for BTC and other coins. Due to this, the presence of a gap on a major index might correspond to increased activity on smaller market-cap assets with some degree of positive correlation to the index. Consequently, the price level for the asset at which a gap for the major index occurred may function as support/resistance for future price! That is all for this - thanks traders!
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MXWLL-Capital-Trading tarafından
1
SPX Daily Probability Predictor_MFCDescription: The SPX Daily Probability Predictor is a powerful trading indicator designed exclusively for TradingView, providing traders with valuable insights into the potential movement of the S&P 500 index (SPX) on a daily basis. This indicator utilizes a sophisticated calculation method based on historical price movements, including gaps, to estimate the probability of the index's future direction. Key Features: Daily Probability Calculation: The indicator calculates the daily probability of the SPX movement by analyzing the standard deviation of historical price changes. This statistical approach offers a comprehensive understanding of the market's volatility and aids traders in making more informed decisions. Historical Movement Inclusion: Unlike traditional indicators that only consider the closing prices, the SPX Daily Probability Predictor goes a step further by incorporating the full spectrum of daily movements, including gaps. This inclusive approach provides a more accurate representation of market dynamics, enhancing the reliability of the probability predictions. Real-Time Analysis: Stay ahead of the market with real-time analysis that adapts to the current trading session. The SPX Daily Probability Predictor dynamically adjusts its calculations throughout the trading day, ensuring that traders receive the most up-to-date and relevant information for their decision-making process. Customizable Parameters: Tailor the indicator to your trading preferences with customizable parameters. Adjust the lookback period or fine-tune other settings to align the probability predictions with your individual trading strategy. By incorporating historical price movements, including gaps, and employing statistical analysis to calculate daily probabilities, the SPX Daily Probability Predictor equips traders with a valuable tool for anticipating potential market directions. Whether you are a seasoned investor or a newcomer to the world of trading, this indicator provides actionable insights that can contribute to more informed decision-making in the dynamic environment of the stock market. Upcoming Enhancements: Please note that while the SPX Daily Probability Predictor currently offers a robust set of features for daily market analysis, we are committed to continuous improvement and the development of additional functionalities. In future updates, users can look forward to exciting enhancements, including the capability to forecast future probabilities of market movements. This forward-looking feature will provide traders with a valuable glimpse into potential trends, aiding in more proactive decision-making. Furthermore, we are actively working on expanding the indicator's scope to accommodate different time frames. Soon, traders will have the option to obtain probability data not only on a daily basis but also for monthly or weekly intervals. This extended flexibility allows for a more comprehensive analysis, catering to various trading styles and preferences. As we strive to create a versatile and powerful tool for the TradingView community, we welcome user feedback and suggestions for additional features. Your insights play a crucial role in shaping the future evolution of the SPX Daily Probability Predictor, ensuring it remains a valuable asset in the dynamic landscape of financial markets. Stay tuned for updates as we continue to enhance and refine this innovative trading indicator.
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perddiccas tarafından