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TickSurfers Hedge Up

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Get alerted to market downturns days and sometimes weeks in advance. Works exclusively on S&P 500 financial instruments (such as SPX, ES1! or SPY). This indicator marks a warning sign above the bar when a warning signal is generated. You can also configure the indicator to send you an alert using TradingView's native alert system.

The indicator is not intended to generate trade entry or exit signals. Rather, it is meant to alert you to potential market volatility within the next 30 days. If your portfolio is net bullish and you receive a signal, then it can be a good opportunity to tighten stops, take profit or reduce your position risk.
Release Notes
Added signals to detect possible market bottoms after strong sell-offs.
Release Notes
Updated formula to avoid repetitive signals and false bull signals during a confirmed downtrend.

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.