PROTECTED SOURCE SCRIPT
Slick Strategy Weekly PCS Tester
Inspired by the book “The Slick Strategy: A Unique Profitable Options Trading Method.” This indicator tests weekly SPX put-credit spreads set below Monday’s open and judged at Friday’s close.
WHAT IT DOES
• Sets weekly PCS level = Monday (or first trading day) OPEN − your offset; win/loss checked at Friday close.
• Optional core filter at entry: Price ≥ 200-SMA AND 10-SMA ≥ 20-SMA; pause if Price < both 10 & 20 while > 200.
• Reference modes: Strict = Mon OPEN vs Fri SMAs (no repaint); Mid = Mon OPEN vs Mon SMAs
KEY INPUTS
• Date range (Start/End) to limit backtest window.
• Offset mode/value (Points or Percent).
• Entry day (Monday only or first trading day).
• Core filters (On/Off) and Strict/Mid reference.
• SMA settings (source; 10/20/200 lengths).
• Table settings (position, size, padding, border).
VISUALS
• Active week line: Orange = trade taken; Gray = skipped.
• History: Green = win; Red = loss; Purple = skipped.
• Optional week bands highlight active/win/loss/skipped weeks (adjustable opacity).
TABLE
• Shows Date range, Trades, Wins, Losses, Win rate, and Active level (this week’s PCS price).
NOTES
• PCS level freezes at week open and persists through the week.
WHAT IT DOES
• Sets weekly PCS level = Monday (or first trading day) OPEN − your offset; win/loss checked at Friday close.
• Optional core filter at entry: Price ≥ 200-SMA AND 10-SMA ≥ 20-SMA; pause if Price < both 10 & 20 while > 200.
• Reference modes: Strict = Mon OPEN vs Fri SMAs (no repaint); Mid = Mon OPEN vs Mon SMAs
KEY INPUTS
• Date range (Start/End) to limit backtest window.
• Offset mode/value (Points or Percent).
• Entry day (Monday only or first trading day).
• Core filters (On/Off) and Strict/Mid reference.
• SMA settings (source; 10/20/200 lengths).
• Table settings (position, size, padding, border).
VISUALS
• Active week line: Orange = trade taken; Gray = skipped.
• History: Green = win; Red = loss; Purple = skipped.
• Optional week bands highlight active/win/loss/skipped weeks (adjustable opacity).
TABLE
• Shows Date range, Trades, Wins, Losses, Win rate, and Active level (this week’s PCS price).
NOTES
• PCS level freezes at week open and persists through the week.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.