Mag7 Day-Trade Recommender & Status Board (v6)
Overview
This indicator system is designed to generate high-probability intraday trading signals on the Magnificent Seven stocks (AAPL, MSFT, NVDA, GOOGL, AMZN, TSLA, META). It combines price action with VWAP, EMA trend filters, and volume confirmation to highlight potential long and short setups.
It comes in two versions:
Day-Trade Recommender (single-symbol) – overlays on one chart, plotting entries, stops, and targets.
Status Board (multi-symbol scanner) – a dashboard table showing signal status across all Mag7 stocks at once.
Core Logic
VWAP Crossovers: Signals are triggered when price crosses above (LONG) or below (SHORT) VWAP.
EMA Trend Filter: Confirms trades only when price is aligned with the EMA50 slope (optional).
Volume Spike Filter: Requires current volume to exceed the 20-bar average by a set multiplier (default: 1.2×).
ATR-Based Risk/Reward: Stops are placed using ATR multiples, with profit targets set at 1R and 2R.
Session Filter: Optionally restricts signals to Regular Trading Hours (09:30–16:00).
******************Note: Not financial advice. For educational purposes only. /b]*******************
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact MrBionicBailey directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact MrBionicBailey directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.