OPEN-SOURCE SCRIPT
SPYIWMQQ TABLE
This script is a multi-asset market bias dashboard for Pine Script v6, designed to provide a real-time health check of the major US indices (SPY, QQQ, and IWM) alongside technical levels on your chart.
Core Functions
Multi-Index Dashboard: It creates a table (optimized for a smaller size) that tracks the status of SPY, QQQ, and IWM simultaneously.
Technical Alignment: It checks if each index is trading above or below its Fast, Mid, and Slow EMAs, as well as the VWAP.
Bias Scoring: It calculates a "Net Bias" score for each symbol by weighting different technical criteria (EMAs, VWAP, and key price levels like Previous Day High/Low) to determine if the market is "Strong Bullish," "Bearish," or "Neutral".
Automated Levels: The script automatically plots critical trading levels for the selected asset, including:
Opening Range (ORB) high and low.
Previous Day High (PDH) and Low (PDL) (supporting up to 5 days back).
Premarket High (PMH) and Low (PML) for the current day.
Key Features in this Version
Compact UI: The table uses size.small for text and cell scaling to ensure it doesn't clutter your workspace while still providing data for all three indices.
Adaptive Presets: It includes built-in profiles for Scalp, Trend, or Swing trading, which automatically adjust the EMA lengths and ORB timeframes to suit your style.
Sentiment Triangles: It plots visual signals (up/down triangles) on the chart when the market bias reaches a specific strength threshold.
Core Functions
Multi-Index Dashboard: It creates a table (optimized for a smaller size) that tracks the status of SPY, QQQ, and IWM simultaneously.
Technical Alignment: It checks if each index is trading above or below its Fast, Mid, and Slow EMAs, as well as the VWAP.
Bias Scoring: It calculates a "Net Bias" score for each symbol by weighting different technical criteria (EMAs, VWAP, and key price levels like Previous Day High/Low) to determine if the market is "Strong Bullish," "Bearish," or "Neutral".
Automated Levels: The script automatically plots critical trading levels for the selected asset, including:
Opening Range (ORB) high and low.
Previous Day High (PDH) and Low (PDL) (supporting up to 5 days back).
Premarket High (PMH) and Low (PML) for the current day.
Key Features in this Version
Compact UI: The table uses size.small for text and cell scaling to ensure it doesn't clutter your workspace while still providing data for all three indices.
Adaptive Presets: It includes built-in profiles for Scalp, Trend, or Swing trading, which automatically adjust the EMA lengths and ORB timeframes to suit your style.
Sentiment Triangles: It plots visual signals (up/down triangles) on the chart when the market bias reaches a specific strength threshold.
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.