5/15-Min-ORB-Trend-Finder-WiP

Oct 19

Indicator Features:
> "Open" flag for each market day.
> Toggleable 5-min and 15-min High/Low markings.
> Horizontal support (red) and resistance (blue) lines.
> EMA-based trend line: green for long/buy, purple for short/sell.
> Recommended to use with my other indicator: Buy-or-Sell-WiP.

Strategy:
> Use with 1-min chart with 5-min High/Low or 5-min chart with 15-min High/Low
> After a breakout, wait for confirmation before placing a trade, which is:
- Two confirming candles (green for long/buy, red for short/sell)
and
- Buy-or-Sell-WiP histogram: green for long/buy, red for short/sell

Oct 19

Release Notes

Indicator Features:
> "Open" flag for each market day.
> Toggleable 5-min and 15-min High/Low markings.
> Horizontal resistance lines (red) and support lines (blue).
> EMA-based trend line: green when up-trend, purple for down-trend.
> Recommended to be used with my other indicator: Buy-or-Sell-WiP.

Strategy:
> I use this exclusively with SPX, trading CALL/PUT credit spreads.
> Use the 1-min chart with 5-min High/Low, or use the 5-min chart with 15-min High/Low.
> After a breakout, wait for the confirmations before placing a trade, which are:
- Two consecutive confirming candles (green for going long/buy, red for going short/sell).
and
- Buy-or-Sell-WiP histogram: green for long/buy, red for short/sell.

> NOTE: Do not place a trade unless there are 10-points, or more from the "go" candle to the nearest resistance line (when going long/buy) or support line (when going short/sell); the reason being the market may not move enough for you to take profit once your trade fills; FYI, I usually try for $0.30 profit when trading CALL/PUT credit spreads.

Oct 31

Release Notes

Update: October 30, 2025

Enhanced the indicator by incorporating three Exponential Moving Average (EMA) lines: EMA 20 (thick yellow), EMA 50 (thick blue), and EMA 200 (thick orange). These additions facilitate the identification of trending bullish or bearish markets.

Trading Strategies

Strategy 1: Bullish Market
When the EMA 20 (yellow) is positioned above the EMA 50 (blue), and the EMA 50 is above the EMA 200 (orange), this signals a bullish market trend.

Recommended Actions:
> Enter a Buy/Long position.
> Consider executing a Put Credit Spread.

Strategy 2: Bearish Market
When the EMA 20 (yellow) is below the EMA 50 (blue), and the EMA 50 is below the EMA 200 (orange), this indicates a bearish market trend.

Recommended Actions:
> Enter a Sell/Short position.
> Consider executing a Call Credit Spread.

Strategy 3: Sideways/Range-Bound Market
If the EMA 20, EMA 50, and EMA 200 do not align in either of the configurations described above, the market is likely in a sideways, range-bound, or consolidation phase.

Recommended Action:
> No trades are advised during this period due to the lack of a clear trend.

These strategies leverage the EMA alignments to provide clear, actionable insights for navigating trending and non-trending market conditions.

5 days ago

Release Notes

11/04/2026 Update
> Fair Value Gaps (FVG) have been added for the current day.

> ⚙️ Core Trading Idea:
- An impulse move creates imbalance (FVG).
- Wait for the price to return (mitigate) into the FVG.
- Look for a continuation signal (rejection wick, structure break, or volume confirmation) in the original direction.

> 📈 Bullish FVG Trade Example (Buy Setup):
- Identify a bullish FVG after a strong move upward.
- Wait for the price to retrace back into the gap (the “discount” zone).
- Enter long when:
> A lower timeframe structure shift confirms bullish intent, or
> There’s a bullish rejection from the FVG midpoint.
> Wait to enter the trade until the candle that retraced into the FVG is fully engulfed.
> Note: I trade credit spreads, so my entry for a Bullish FVG trade would be a PUT Credit Spread.

>📉 Bearish FVG Trade Example (Sell Setup)
- Identify a bearish FVG after a sharp drop.
- Wait for the price to retrace back up into the gap.
- Enter short when:
> A lower timeframe breaks of structure show sellers re-entering, or
> A bearish candle rejects the FVG’s midpoint.
> Wait to enter the trade until the candle that retraced into the FVG is fully engulfed.
> Note: I trade credit spreads, so my entry for a Bearish FVG trade would be a CALL Credit Spread.