OPEN-SOURCE SCRIPT
NIKS PRO SPY (Confluence + Scorecard + Option TP Estimates)
PRO SPY Flush – Confluence + Scorecard + Option TP Estimates
This indicator is designed for pre-market and intraday SPY options traders who want structured decision support before the open.
🔹 Scorecard System
Aggregates bullish vs. bearish confluences across multiple timeframes
Displays a clear bias (CALLs / PUTs) with color-coded signals
🔹 Pre-Market Flush Trade Setup
Generates an estimated entry level for both bullish (rip up) and bearish (flush down) scenarios
Calculates strike alignment and displays entry price with dollar estimates
🔹 Option Take-Profit & Stop Estimates
Displays TP1 / TP2 levels for calls and puts
Includes estimated stop levels
Contract price estimates are shown directly on the scorecard
🔹 Filters & Confirmations
ATR check
Volume surge confirmation
Pre-market width check
Retest/close confirmations
🔹 Visual Layout
Organized table/scorecard on the chart corner
Rows display direction, entry, strikes, TP/SL estimates, and confirmations
Color-coded for quick decision making
🔹 Alerts Built-In
Bullish Rip Up Trigger
Bearish Flush Down Trigger
Alerts only fire when all confluences align
⚠️ Disclaimer
This tool is for educational and informational purposes only. It does not guarantee performance or outcomes. Always manage risk, use proper position sizing, and trade at your own discretion.
This indicator is designed for pre-market and intraday SPY options traders who want structured decision support before the open.
🔹 Scorecard System
Aggregates bullish vs. bearish confluences across multiple timeframes
Displays a clear bias (CALLs / PUTs) with color-coded signals
🔹 Pre-Market Flush Trade Setup
Generates an estimated entry level for both bullish (rip up) and bearish (flush down) scenarios
Calculates strike alignment and displays entry price with dollar estimates
🔹 Option Take-Profit & Stop Estimates
Displays TP1 / TP2 levels for calls and puts
Includes estimated stop levels
Contract price estimates are shown directly on the scorecard
🔹 Filters & Confirmations
ATR check
Volume surge confirmation
Pre-market width check
Retest/close confirmations
🔹 Visual Layout
Organized table/scorecard on the chart corner
Rows display direction, entry, strikes, TP/SL estimates, and confirmations
Color-coded for quick decision making
🔹 Alerts Built-In
Bullish Rip Up Trigger
Bearish Flush Down Trigger
Alerts only fire when all confluences align
⚠️ Disclaimer
This tool is for educational and informational purposes only. It does not guarantee performance or outcomes. Always manage risk, use proper position sizing, and trade at your own discretion.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.