TTC2022SPY4hr
This is version 1.0 "TTC2022SPY4hr" Strategy. This has only been back tested for the ticker "SPY" on the 4hr ext chart for the year 2022. The reason I isolated this strategy to 2022 is because SPY's chart patterns have changed from the previous 2 years. So, I wanted to develop an indicator-based strategy that was consistent with current market conditions. The default setting for percent of equity is set to 5% risk. I will adjust any variables that make this TTC2022SPY4hr Strategy more accurate in the future as more 2022 data comes out.
It's based on my TTC: Triangular Trend Channel script that dynamically creates a trend channel on the move. It uses open, high, low, close, simple moving average inputs for its plot lines and ema1 & a hard coded ema5 for calculation purposes. The default trend channel line settings are based off sma7.
Default color coded in top to bottom price order:
green = top
orange
blue
white = center (7sma)
purple
yellow
red = bottom
• Remember * This has only been back tested for the ticker "SPY" on the 4hr ext chart for the year 2022 to date. *
It's based on my TTC: Triangular Trend Channel script that dynamically creates a trend channel on the move. It uses open, high, low, close, simple moving average inputs for its plot lines and ema1 & a hard coded ema5 for calculation purposes. The default trend channel line settings are based off sma7.
Default color coded in top to bottom price order:
green = top
orange
blue
white = center (7sma)
purple
yellow
red = bottom
• Remember * This has only been back tested for the ticker "SPY" on the 4hr ext chart for the year 2022 to date. *
Release Notes:
header update
Trading indicators:
www.tradingview.com/u/Options360/
www.tradingview.com/u/Options360/