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SPX Daily Key Levels# Day Trading GPS S&P500 SPX Index Daily Key Levels Indicator ## Description The Day Trading GPS S&P500 SPX Index Daily Key Levels Indicator (DT-GPS SPX) is a specialized technical tool designed for day traders focusing on trading index options on the CBOE S&P500 SPX index. This indicator provides daily key levels for both the CBOE SPX Index and EIGHTCAP SPX500 CFD, offering traders comprehensive price level analysis and actionable insights. ## Key Features 1. **Dual Market Coverage**: - CBOE SPX Index levels generation on CBOE SPX chart at 9:30 AM EST - EIGHTCAP SPX500 CFD levels generation on EIGHTCAP SPX500 CFD at 9:00 AM EST as well as early display of CBOE SPX Index levels while on EIGHTCAP SPX500 chart at 9:00 AM EST (30 minutes before CBOE SPX 9:30 AM EST market open via separate Table Display for CBOE SPX levels 2. **Comprehensive Level Generation**: - CBOE SPX index Daily Bull/Bear Key Price Level (BB-KPL) - this is the indicator's daily key Bull/Bear Pivot level for the current day's CBOE SPX trading session - Multiple Support and Resistance Levels (R1-R6, S1-S6) to accommodate low, moderate and high volatility market environments - Option for user to also display midpoint levels between any or all main levels if desired - Fully customizable display options for each main level as well as midpoint levels 3. **Advanced Visualization**: - Customizable line colors, styles, and widths - Zone shading between levels - Midpoint line calculations and display 4. **Dynamic Reference Tables**: - Separate tables for CBOE SPX Index and EIGHTCAP SPX500 CFD levels - Customizable table positioning and appearance - Real-time level updates 5. **Pre-Market Analysis**: - Early level generation for the EIGHTCAP SPX500 CFD at 9:00AM EST - Preview of CBOE SPX index levels at 9:00 AM EST - 30 minutes before CBOE SPX index market open at 9:30 AM EST via separate table display at 9:00 AM EST for CBOE SPX index on EIGHTCAP SPX500 CFD chart ## Unique Aspects 1. **Market-Specific Timing**: - Early access to CBOE SPX levels at 9:00 AM EST (30 minutes before 9:30 AM EST CBOE SPX index market open) via additional CBOE SPX levels table display on EIGHTCAP SPX500 CFD chart displayed at 9:00 AM EST - CBOE SPX levels on CBOE SPX chart at CBOE SPX index market open (9:30 AM EST) 2. **Dual Display System**: - Simultaneous viewing of both EIGHTCAP and CBOE levels - Comparative analysis capabilities 3. **Precision Adjustment**: - Automatic level adjustments between CFD and Index values - Market-specific volatility calculations ## How It Enhances Your Trading - Access key levels before market open through CFD analysis - Compare and validate levels across both instruments - Identify potential support and resistance zones with precision - Implement sophisticated level-to-level trading strategies - Manage risk with clearly defined price levels - Track market structure through multiple timeframes - Make informed decisions for SPX Index Options Trading with comprehensive level information ## Recommended Setup For optimal use, it's recommended to run the indicator on two charts simultaneously: 1. EIGHTCAP SPX500 CFD chart for early level generation at 9:00 AM EST - 30 minutes before CBOE SPX index market open at 9:30 AM EST 2. CBOE SPX Index chart for official market levels ## Historical Level Analysis Features **Historical Bull/Bear Key Price Level (BB-KPL)** The Historical BB-KPL serves as a critical reference point for measuring value and potential price extensions in the market. By analyzing past BB-KPL interactions, traders can better anticipate future price behavior and make more informed decisions about entries and exits. **Historical Support and Resistance Levels** These dynamic levels provide crucial insights into market extension and momentum conditions, with levels further from the BB-KPL indicating potential reversal zones while also signaling strong trend conditions. Historical analysis of these levels helps traders identify high-probability trading opportunities by understanding how price has previously reacted at similar extensions from value. **Video On Indicator Set-Up And Features** www.youtube.com **Videos On How To Trade Using This Indicator** www.youtube.com www.youtube.com www.youtube.com www.youtube.com ## Note This indicator is specifically designed for day trading index options on the CBOE S&P500 SPX index. It requires appropriate data subscriptions for both CBOE indices and CFDs on TradingView. The indicator works best on timeframes of 30 minutes or less and should be used in conjunction with proper risk management practices. Past performance does not guarantee future results.
Pine Script® indicator
by DayTradingGPS
SPX Levels Adjusted to Active TickerThis indicator allows you to plot custom SPX levels directly on the ES1! (E-mini S&P 500 Futures) chart, automatically adjusting for the spread between SPX and ES1!. This is particularly useful for traders who perform technical analysis on SPX but execute trades on ES1!. Features: Input up to three SPX key levels to track (e.g., 5000, 4950, 4900) The script adjusts these levels in real-time based on the current spread between SPX and ES1! Displays the spread in the chart header for quick reference Plots updated horizontal lines that move with the spread Includes optional labels showing the spread periodically to reduce clutter Supports Multiple Tickers, ES1!, SPY and SPX500USD. Ideal for futures traders who want SPX context while trading ES1!.
Pine Script® indicator
by alejandroveronn
SPX Levels Adjusted to ES1!This indicator allows you to plot custom SPX levels directly on the ES1! (E-mini S&P 500 Futures) chart, automatically adjusting for the spread between SPX and ES1!. This is particularly useful for traders who perform technical analysis on SPX but execute trades on ES1!. Features: Input up to three SPX key levels to track (e.g., 5000, 4950, 4900) The script adjusts these levels in real-time based on the current spread between SPX and ES1! Displays the spread in the chart header for quick reference Plots updated horizontal lines that move with the spread Includes optional labels showing the spread periodically to reduce clutter Ideal for futures traders who want SPX context while trading ES1!. Make sure to apply this indicator on the ES1! chart, not SPX.
Pine Script® indicator
by alejandroveronn
1
Implied SPX from ES Implied SPX from ES Futures (ETH) Description: This script calculates the implied SPX index level based on real-time ES futures pricing during extended trading hours (ETH). It uses the spread between the previous day’s ES and SPX RTH closes to adjust for fair value and intraday divergence. 📈 Features: Tracks current ES price vs. yesterday's RTH spread to estimate SPX Useful for SPX options traders who want to monitor synthetic index levels during ETH Ideal for assessing SPX movement when the cash market is closed This tool is especially helpful for those trading SPX index options overnight or seeking to align SPX levels with ES futures movement.
Pine Script® indicator
by Laggard_Energy
SPY SPX ES Price Converter [Pt]A must have tool for SPY SPX ES traders~!!! Description The SPY SPX ES Price Converter is a powerful and easy-to-use tool that allows traders to view corresponding price levels for linked instruments in real-time. This includes SPY, SPX, ES, and SPX500USD. Although these instruments often move in sync, differences in price movements, volume, and trading hours can create unique key levels and support/resistance areas for each. By mapping these levels on the same chart, traders can more easily spot trading opportunities and improve their chances of success. Customizable features - multiplier from the closest whole number price level - line color - line style - label position / size - # of levels to display - toggle current price display table
Pine Script® indicator
by PtGambler
22
SPX Psych Levels for /ES Futures (Fair Value)Overview This indicator displays S&P 500 psychological levels adjusted for ES futures fair value premium. These levels act as powerful magnets for price action due to the convergence of technical trading and options market dynamics. What is Fair Value Premium? Simply put, its the difference between the SPX price and the ES futures price. This changes dynamically based on interest rate, dividends, and time to expiration. Why Psych Levels are Increasingly Important Psychological levels are round numbers where traders naturally place orders. These obvious levels attract stop losses, profit targets, and breakout orders from both retail and institutional traders. Algorithms often target these same levels, creating a self-fulfilling prophecy of support and resistance. Importantly, this effect has been exacerbated by the options market. Using May 2025 as an example, SPX options averaged 3.46 million contracts a day ≈US $1.8 trillion notional, dwarfing trading in SPY or ES/MES futures. 0-day-to-expiry (0DTE) trades hit a record-high 61% share of all SPX volume, making the options complex the primary arena for intraday price discovery. Strikes at psychological numbers (ending in 00 and 50) captured 66% of total open interest and 58% of 0DTE volume for the entire month. This massive concentration at round number strikes creates powerful hedging flows: Dealer Gamma Hedging: As price approaches these levels, market makers must dynamically hedge their options exposure, creating reflexive buying/selling pressure Pin Risk: Options dealers face maximum uncertainty at these levels near expiration, leading to increased hedging activity Charm Flows: Time decay accelerates near these levels, forcing position adjustments How It Works The indicator automatically: Calculates the fair value premium between ES futures and SPX using real-time interest rate data, dividends, and time to expiration Adjusts SPX round numbers by this premium to show where they appear on ES charts Updates once daily at futures session open (5PM CT) to maintain stable reference points throughout the trading session Key Features All TradingView Native: All calculations performed automatically using data available within TradingView - no external data feeds or manual updates required Multiple Level Increments: Display major (100-point), intermediate (50-point), and minor (25-point) psychological levels Margin of Error Zones: Optional ±2.5 point zones accounting for fair value calculation variance Full Customization: Colors, line styles, and widths for each level type Fair Value Info Table: Displays current contract, fair value calculation, interest rate, and days to expiration Automatic Contract Detection: Works on ES1!/MES1! continuous contracts and automatically detects the current front month contract Important Notes This indicator does not access any options data. It identifies levels where options activity naturally concentrates based on market structure. The power comes from understanding that these obvious levels create predictable dealer hedging flows, making them high-probability reaction zones. Trading Applications These levels can be used as dynamic areas of interest to be incorporated into a complete trading strategy.
Pine Script® indicator
by SpinTrades
SPX Weekly Expected Moves# SPX Weekly Expected Moves Indicator A professional Pine Script indicator for TradingView that displays weekly expected move levels for SPX based on real options data, with integrated Fibonacci retracement analysis and intelligent alerting system. ## Overview This indicator helps options and equity traders visualize weekly expected move ranges for the S&P 500 Index (SPX) by plotting historical and current week expected move boundaries derived from weekly options pricing. Unlike theoretical volatility calculations, this indicator uses actual market-based expected move data that you provide from options platforms. ## Key Features ### 📈 **Expected Move Visualization** - **Historical Lines**: Display past weeks' expected moves with configurable history (10, 26, or 52 weeks) - **Current Week Focus**: Highlighted current week with extended lines to present time - **Friday Close Reference**: Orange baseline showing the previous Friday's close price - **Timeframe Independent**: Works consistently across all chart timeframes (1m to 1D) ### 🎯 **Fibonacci Integration** - **Five Fibonacci Levels**: 23.6%, 38.2%, 50%, 61.8%, 76.4% between Friday close and expected move boundaries - **Color-Coded Levels**: - Red: 23.6% & 76.4% (outer levels) - Blue: 38.2% & 61.8% (golden ratio levels) - Black: 50% (midpoint - most critical level) - **Current Week Only**: Fibonacci levels shown only for active trading week to reduce clutter ### 📊 **Real-Time Information Table** - **Current SPX Price**: Live market price - **Expected Move**: ±EM value for current week - **Previous Close**: Friday close price (baseline for calculations) - **100% EM Levels**: Exact upper and lower boundary prices - **Current Location**: Real-time position within the EM structure (e.g., "Above 38.2% Fib (upper zone)") ### 🚨 **Intelligent Alert System** - **Zone-Aware Alerts**: Separate alerts for upper and lower zones - **Key Level Breaches**: Alerts for 23.6% and 76.4% Fibonacci level crossings - **Bar Close Based**: Alerts trigger on confirmed bar closes, not tick-by-tick - **Customizable**: Enable/disable alerts through settings ## How It Works ### Data Input Method The indicator uses a **manual data entry approach** where you input actual expected move values obtained from options platforms: ```pinescript // Add entries using the options expiration Friday date map.put(expected_moves, 20250613, 91.244) // Week ending June 13, 2025 map.put(expected_moves, 20250620, 95.150) // Week ending June 20, 2025 ``` ### Weekly Structure - **Monday 9:30 AM ET**: Week begins - **Friday 4:00 PM ET**: Week ends - **Lines Extend**: From Monday open to Friday close (historical) or current time + 5 bars (current week) - **Timezone Handling**: Uses "America/New_York" for proper DST handling ### Calculation Logic 1. **Base Price**: Previous Friday's SPX close price 2. **Expected Move**: Market-derived ±EM value from weekly options 3. **Upper Boundary**: Friday Close + Expected Move 4. **Lower Boundary**: Friday Close - Expected Move 5. **Fibonacci Levels**: Proportional levels between Friday close and EM boundaries ## Setup Instructions ### 1. Data Collection Obtain weekly expected move values from options platforms such as: - **ThinkOrSwim**: Use thinkBack feature to look up weekly expected moves - **Tastyworks**: Check weekly options expected move data - **CBOE**: Reference SPX weekly options data - **Manual Calculation**: (ATM Call Premium + ATM Put Premium) × 0.85 ### 2. Data Entry After each Friday close, update the indicator with the next week's expected move: ```pinescript // Example: On Friday June 7, 2025, add data for week ending June 13 map.put(expected_moves, 20250613, 91.244) // Actual EM value from your platform ``` ### 3. Configuration Customize the indicator through the settings panel: #### Visual Settings - **Show Current Week EM**: Toggle current week display - **Show Past Weeks**: Toggle historical weeks display - **Max Weeks History**: Choose 10, 26, or 52 weeks of history - **Show Fibonacci Levels**: Toggle Fibonacci retracement levels - **Label Controls**: Customize which labels to display #### Colors - **Current Week EM**: Default yellow for active week - **Past Weeks EM**: Default gray for historical weeks - **Friday Close**: Default orange for baseline - **Fibonacci Levels**: Customizable colors for each level type #### Alerts - **Enable EM Breach Alerts**: Master toggle for all alerts - **Specific Alerts**: Four alert types for Fibonacci level breaches ## Trading Applications ### Options Trading - **Straddle/Strangle Positioning**: Visualize breakeven levels for neutral strategies - **Directional Plays**: Assess probability of reaching target levels - **Earnings Plays**: Compare actual vs. expected move outcomes ### Equity Trading - **Support/Resistance**: Use EM boundaries and Fibonacci levels as key levels - **Breakout Trading**: Monitor for moves beyond expected ranges - **Mean Reversion**: Look for reversals at extreme Fibonacci levels ### Risk Management - **Position Sizing**: Gauge likely price ranges for the week - **Stop Placement**: Use Fibonacci levels for logical stop locations - **Profit Targets**: Set targets based on EM structure probabilities ## Technical Implementation ### Performance Features - **Memory Managed**: Configurable history limits prevent memory issues - **Timeframe Independent**: Uses timestamp-based calculations for consistency - **Object Management**: Automatic cleanup of drawing objects prevents duplicates - **Error Handling**: Robust bounds checking and NA value handling ### Pine Script Best Practices - **v6 Compliance**: Uses latest Pine Script version features - **User Defined Types**: Structured data management with WeeklyEM type - **Efficient Drawing**: Smart line/label creation and deletion - **Professional Standards**: Clean code organization and comprehensive documentation ## Customization Guide ### Adding New Weeks ```pinescript // Add after market close each Friday map.put(expected_moves, YYYYMMDD, EM_VALUE) ``` ### Color Schemes Customize colors for different trading styles: - **Dark Theme**: Use bright colors for visibility - **Light Theme**: Use contrasting dark colors - **Minimalist**: Use single color with transparency ### Label Management Control label density: - **Show Current Week Labels Only**: Reduce clutter for active trading - **Show All Labels**: Full information for analysis - **Selective Display**: Choose specific label types ## Troubleshooting ### Common Issues 1. **No Lines Appearing**: Check that expected move data is entered for current/recent weeks 2. **Wrong Time Display**: Ensure "America/New_York" timezone is properly handled 3. **Duplicate Lines**: Restart indicator if drawing objects appear duplicated 4. **Missing Fibonacci Levels**: Verify "Show Fibonacci Levels" is enabled ### Data Validation - **Expected Move Format**: Use positive numbers (e.g., 91.244, not ±91.244) - **Date Format**: Use YYYYMMDD format (e.g., 20250613) - **Reasonable Values**: Verify EM values are realistic (typically 50-200 for SPX) ## Version History ### Current Version - **Pine Script v6**: Latest version compatibility - **Fibonacci Integration**: Five-level retracement analysis - **Zone-Aware Alerts**: Upper/lower zone differentiation - **Dynamic Line Management**: Smart current week extension - **Professional UI**: Comprehensive information table ### Future Enhancements - **Multiple Symbols**: Extend beyond SPX to other indices - **Automated Data**: Integration with options data APIs - **Statistical Analysis**: Success rate tracking for EM predictions - **Additional Levels**: Custom percentage levels beyond Fibonacci ## License & Usage This indicator is designed for educational and trading purposes. Users are responsible for: - **Data Accuracy**: Ensuring correct expected move values - **Risk Management**: Proper position sizing and risk controls - **Market Understanding**: Comprehending options-based expected move concepts ## Support For questions, issues, or feature requests related to this indicator, please refer to the code comments and documentation within the Pine Script file. --- **Disclaimer**: This indicator is for informational purposes only. Trading involves substantial risk of loss and is not suitable for all investors. Past performance does not guarantee future results.
Pine Script® indicator
by MovingIndex
4
S&P 500 Sector StrengthsThe "S&P 500 Sector Strengths" indicator is a sophisticated tool designed to provide traders and investors with a comprehensive view of the relative performance of various sectors within the S&P 500 index. This indicator utilizes the True Strength Index (TSI) to measure and compare the strength of different sectors, offering valuable insights into market trends and sector rotations. At its core, the indicator calculates the TSI for each sector using price data obtained through the request.security() function. The TSI, a momentum oscillator, is computed using a user-defined smoothing period, allowing for customization based on individual preferences and trading styles. The resulting TSI values for each sector are then plotted on the chart, creating a visual representation of sector strengths. To use this indicator effectively, traders should focus on comparing the movements of different sector lines. Sectors with lines moving higher are showing increasing strength, while those with descending lines are exhibiting weakness. This comparative analysis can help identify potential investment opportunities and sector rotations. Additionally, when multiple sector lines move in tandem, it may signal a broader market trend. The indicator includes dashed lines at 0.5 and -0.5, serving as reference points for overbought and oversold conditions. Sectors with TSI values above 0.5 might be considered overbought, suggesting caution, while those below -0.5 could be viewed as oversold, potentially indicating buying opportunities. One of the key advantages of this indicator is its flexibility. Users can toggle the visibility of individual sectors and customize their colors, allowing for a tailored analysis experience. This feature is particularly useful when focusing on specific sectors or reducing chart clutter for clearer visualization. The indicator's ability to provide a comprehensive overview of all major S&P 500 sectors in a single chart is a significant benefit. This consolidated view enables quick comparisons and helps in identifying relative strengths and weaknesses across sectors. Such insights can be invaluable for portfolio allocation decisions and in spotting emerging market trends. Moreover, the dynamic legend feature enhances the indicator's usability. It automatically updates to display only the visible sectors, improving chart readability and interpretation. By leveraging this indicator, market participants can gain a deeper understanding of sector dynamics within the S&P 500. This enhanced perspective can lead to more informed decision-making in sector allocation strategies and individual stock selection. The indicator's ability to potentially detect early trends by comparing sector strengths adds another layer of value, allowing users to position themselves ahead of broader market movements. In conclusion, the "S&P 500 Sector Strengths" indicator is a powerful tool that combines technical analysis with sector comparison. Its user-friendly interface, customizable features, and comprehensive sector coverage make it an valuable asset for traders and investors seeking to navigate the complexities of the S&P 500 market with greater confidence and insight.
Pine Script® indicator
by Julien_Eche
SP500 RatiosThe "SP500 Ratios" indicator is a powerful tool developed for the TradingView platform, allowing users to access a variety of financial ratios and inflation-adjusted data related to the S&P 500 index. This indicator integrates with Nasdaq Data Link (formerly known as Quandl) to retrieve historical data, providing a comprehensive overview of key financial metrics associated with the S&P 500. Key Features Price to Sales Ratio: Quarterly ratio of price to sales (revenue) for the S&P 500. Dividend Yield: Monthly dividend yield based on 12-month dividend per share. Price Earnings Ratio (PE Ratio): Monthly price-to-earnings ratio based on trailing twelve-month reported earnings. CAPE Ratio (Shiller PE Ratio): Monthly cyclically adjusted PE ratio, based on average inflation-adjusted earnings over the past ten years. Earnings Yield: Monthly earnings yield, the inverse of the PE ratio. Price to Book Ratio: Quarterly ratio of price to book value. Inflation Adjusted S&P 500: Monthly S&P 500 level adjusted for inflation. Revenue Per Share: Quarterly trailing twelve-month sales per share, not adjusted for inflation. Earnings Per Share: Monthly real earnings per share, adjusted for inflation. User Configuration The indicator offers flexibility through user-configurable options. You can choose to display or hide each metric according to your analysis needs. Users can also adjust the line width for better visibility on the chart. Visualization The selected data is plotted on the chart with distinct colors for each metric, facilitating visual analysis. A dynamic legend table is also generated in the top-right corner of the chart, listing the currently displayed metrics with their associated colors. This indicator is ideal for traders and analysts seeking detailed insights into the financial performance and valuations of the S&P 500, while benefiting from the customization flexibility offered by TradingView.
Pine Script® indicator
by Julien_Eche
5
Normalized SP100/SP400 Ratio with Shiller PE Ratio (CAPE Ratio)This indicator is designed to observe market concentration and overall valuation by combining the Shiller CAPE Ratio with the SP100/SP400 ratio. Blue Line: Represents the Shiller CAPE Ratio, which reflects the overall market valuation. Yellow Line: Represents the SP100/SP400 ratio, which indicates market concentration. The combination of these two metrics provides insight into market dynamics. Historically, on the SPX monthly chart, when the yellow line (SP100/SP400 ratio) crosses below the blue line (CAPE Ratio), it has been followed by a period of stock market gains. Justification for Combination: The Shiller CAPE Ratio is a widely recognized indicator of market valuation, providing a long-term perspective on whether the market is overvalued or undervalued. The SP100/SP400 ratio, on the other hand, measures the concentration of the market by comparing the largest 100 companies to the next 400 mid-sized companies. By normalizing both metrics and analyzing their relationship, this script provides a unique perspective on market movements. The crossunder of the SP100/SP400 ratio below the CAPE Ratio may signal a shift in market sentiment or concentration, often leading to potential market rallies. This combination is not just a simple merger of indicators but rather a thoughtful integration that adds value by highlighting periods where market concentration and valuation dynamics align.
Pine Script® indicator
by WhaleTJ
Market Inner Strength IndexThe "Market Inner Strength Index" is an indicator designed to visually represent the market strength by analyzing the six major sectors: XLK, XLV, XLF, XLY, XLC and XLI. These sectors represent more than 80% of the SPX index, making their performance crucial for understanding overall market conditions. The indicator calculates the individual strengths of these sectors and combines them to provide an overall market strength index, helping to identify scenarios of sector rotation, euphoria, or panic. Rationale: The six major sectors (XLK, XLV, XLF, XLY, XLC, XLI) are essential as they encompass a significant portion of the SPX index. Typically, money rotates among these sectors, meaning some sectors grow while others decline. Rare occasions where all sectors move in the same direction can indicate market-wide euphoria (upwards) or panic (downwards). The Market Inner Strength Index helps track sector performance and identify these scenarios. Methodology: Script requests current timeframe data for each of the sectors and assigns scores, based on its performance. It will work best on the daily and higher timeframes but can also be used on the lower timeframes. Score assignment: If the sector is green (positive performance) for the given timeframe, it receives positive points. If the sector is red (negative performance), it receives negative points. If the current close price is above the previous period high, additional positive points are assigned. If the current close price is below the previous period low, additional negative points are assigned. The scores for the six sectors are averaged to compute a total score, which is plotted on the chart. A table displays the performance of each sector, color-coded based on their scores for the last period. Parameters: Neutral Zone : Define the neutral zone threshold. Heikin Ashi : Option to use Heikin Ashi candles instead of normal ones. Show Divergency : Option to show divergences on the chart. Divergence occurs when the SPY is bullish, but the sector score is bearish, or vice versa. This option will only work on SPY chart. Sector selections : Enable/disable specific sectors in score calculation.
Pine Script® indicator
by hermes_trisme
3
Breadth Indicators NYSE Percent Above Moving AverageBreadth Indicators NYSE - transmits the processed data from the Barchart provider NYSE - Breadth Indicators S&P 500 - Breadth Indicators DOW - Breadth Indicators RUSSEL 1000 - Breadth Indicators RUSSEL 2000 - Breadth Indicators RUSSEL 3000 - Breadth Indicators Moving Average - 5, 20, 50, 100, 150, 200 The "Percentage above 50-day SMA" indicator measures the percentage of stocks in the index trading above their 50-day moving average. It is a useful tool for assessing the general state of the market and identifying overbought and oversold conditions. One way to use the "Percentage above 50-day SMA" indicator in a trading strategy is to combine it with a long-term moving average to determine whether the trend is bullish or bearish. Another way to use it is to combine it with a short-term moving average to identify pullbacks and rebounds within the overall trend. The purpose of using the "Percentage above 50-day SMA" indicator is to participate in a larger trend with a better risk-reward ratio. By using this indicator to identify pullbacks and bounces, you can reduce the risk of entering trades at the wrong time. Bull Signal Recap: 150-day EMA of $SPXA50R crosses above 52.5 and remains above 47.50 to set the bullish tone. 5-day EMA of $SPXA50R moves below 40 to signal a pullback 5-day EMA of $SPXA50R moves above 50 to signal an upturn Bear Signal Recap: 150-day EMA of $SPXA50R crosses below 47.50 and remains below 52.50 to set the bearish tone. 5-day EMA of $SPXA50R moves above 60 to signal a bounce 5-day EMA of $SPXA50R moves below 50 to signal a downturn Tweaking There are numerous ways to tweak a trading system, but chartists should avoid over-optimizing the indicator settings. In other words, don't attempt to find the perfect moving average period or crossover level. Perfection is unattainable when developing a system or trading the markets. It is important to keep the system logical and focus tweaks on other aspects, such as the actual price chart of the underlying security. What do levels above and below 50% signify in the long-term moving average? A move above 52.5% is deemed bullish, and below 47.5% is deemed bearish. These levels help to reduce whipsaws by using buffers for bullish and bearish thresholds. How does the short-term moving average work to identify pullbacks or bounces? When using a 5-day EMA, a move below 40 signals a pullback, and a move above 60 signals a bounce. How is the reversal of pullback or bounce identified? A move back above 50 after a pullback or below 50 after a bounce signals that the respective trend may be resuming. How can you ensure that the uptrend has resumed? It’s important to wait for the surge above 50 to ensure the uptrend has resumed, signaling improved breadth. Can the system be tweaked to optimize indicator settings? While there are various ways to tweak the system, seeking perfection through over-optimizing settings is advised against. It's crucial to keep the system logical and focus tweaks on the price chart of the underlying security. RUSSIAN \ Русская версия. Индикатор "Процент выше 50-дневной скользящей средней" измеряет процент акций, торгующихся в индексе выше их 50-дневной скользящей средней. Это полезный инструмент для оценки общего состояния рынка и выявления условий перекупленности и перепроданности. Один из способов использования индикатора "Процент выше 50-дневной скользящей средней" в торговой стратегии - это объединить его с долгосрочной скользящей средней, чтобы определить, является ли тренд бычьим или медвежьим. Другой способ использовать его - объединить с краткосрочной скользящей средней, чтобы выявить откаты и отскоки в рамках общего тренда. Цель использования индикатора "Процент выше 50-дневной скользящей средней" - участвовать в более широком тренде с лучшим соотношением риска и прибыли. Используя этот индикатор для выявления откатов и отскоков, вы можете снизить риск входа в сделки в неподходящее время. Краткое описание бычьего сигнала: 150-дневная ЕМА на уровне $SPXA50R пересекает отметку 52,5 и остается выше 47,50, что задает бычий настрой. 5-дневная ЕМА на уровне $SPXA50R опускается ниже 40, сигнализируя об откате 5-дневная ЕМА на уровне $SPXA50R поднимается выше 50, сигнализируя о росте Обзор медвежьих сигналов: 150-дневная ЕМА на уровне $SPXA50R пересекает уровень ниже 47,50 и остается ниже 52,50, что указывает на медвежий настрой. 5-дневная ЕМА на уровне $SPXA50R поднимается выше 60, сигнализируя о отскоке 5-дневная ЕМА на уровне $SPXA50 опускается ниже 50, что сигнализирует о спаде Корректировка Существует множество способов настроить торговую систему, но графологам следует избегать чрезмерной оптимизации настроек индикатора. Другими словами, не пытайтесь найти идеальный период скользящей средней или уровень пересечения. Совершенство недостижимо при разработке системы или торговле на рынках. Важно поддерживать логику системы и уделять особое внимание другим аспектам, таким как график фактической цены базовой ценной бумаги. Что означают уровни выше и ниже 50% в долгосрочной скользящей средней? Движение выше 52,5% считается бычьим, а ниже 47,5% - медвежьим. Эти уровни помогают снизить риски, используя буферы для бычьих и медвежьих порогов. Как краткосрочная скользящая средняя помогает идентифицировать откаты или отскоки? При использовании 5-дневной ЕМА движение ниже 40 указывает на откат, а движение выше 60 указывает на отскок. Как определяется разворот отката или отскока? Движение выше 50 после отката или ниже 50 после отскока сигнализирует о возможном возобновлении соответствующего тренда. Как вы можете гарантировать, что восходящий тренд возобновился? Важно дождаться скачка выше 50, чтобы убедиться в возобновлении восходящего тренда, сигнализирующего о расширении диапазона. Можно ли настроить систему для оптимизации настроек индикатора? Хотя существуют различные способы настройки системы, не рекомендуется стремиться к совершенству с помощью чрезмерной оптимизации настроек. Крайне важно сохранить логичность системы и сфокусировать изменения на ценовом графике базовой ценной бумаги.
Pine Script® indicator
by A-Shternkuker
Buffett IndicatorThis is an open-source version of the Buffett indicator. The old version was code-protected and broken, so I created another version. It's computed simply as the entire SPX 500 capitalization divided by the US GDP. Since TradingView does not have data for the SPX 500 capitalization, I used quarterly values of SPX devisors as a proxy. I tried to create another version of the Buffett indicator for other countries/indexes, but I can't find the data. If you can help me find data for index divisors, I can add more choices to this indicator. It's interesting to see how this indicator's behavior has changed in the last few years. Levels that looked crazy are not so crazy anymore. Disclaimer Please remember that past performance may not be indicative of future results. Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting. This post and the script don’t provide any financial advice.
Pine Script® indicator
by QuantNomad
1
SPX IB Intraday Real TimeThis indicator was designed for traders doing Iron Butterflies intradays with the SPX. Draw and assemble the picture of an IB with the call and put wings chosen according to the selected configuration. Additionally, it shows both breakevens according to the credit obtained. The indicator shows the distance, in real time, between the current price of the SPX and the breakevens (calls and puts) that have been selected. This result is shown in percentages and points. In the upper right corner (for calls) and lower right (for puts). The label will change color as the price moves closer or further away from the breakevens. Setting: Open Time (Hour): IB opening time. Open Time (Minute): IB opening minutes. Open Price: Strike to which the center or body of the IB was opened. Auto Price Open: If enabled, it will take the strike at the price closest to the SPX. Wings Width: width of the IB wings. Credit: Refers to the credit obtained according to the IB that was opened. Shows Breakeven: Shows breakeven points at expiration based on credit earned. Add SMAs: Adds the SMAs 8, 20 and 50 to the chart. Note 1: It is recommended to use TradingView's Dark Theme Color. Note 2: this indicator will only work in intraday times of less than 30 minutes (1m,2m,5m,10m,15m,30m) and will only show results while the market is open, that is, in real time. ************************************ Spanish Version: Este indicador fue diseñado para los traders que hacen intradías de Iron Butterflies con el SPX. Dibuja y arma el cuadro de un IB con las alas call y puts elegidas de acuerdo a la configuración seleccionada. Además, muestra ambos breakevens según el crédito obtenido. El indicador muestra la distancia, en tiempo real, entre el actual precio del SPX y los breakevens (calls y puts) que se hayan seleccionado. Este resultado se muestra en porcentajes y en puntos. En la esquina superior derecha (para los calls) e inferior derecha (para los puts). El label cambiará de color a medida que el precio se acerque o aleje de los breakevens. Configuración: Open Time (Hour): Hora de apertura del IB. Open Time (Minute): Minutos de apertura del IB. Open Price: Strike al que se abrió el centro o cuerpo del IB. Auto Price Open: Si se encuentra habilitado tomará el strike al precio más cercano al SPX. Wings Width: ancho de las alas del IB. Credit: Se refiere al crédito obtenido según el IB que se abrió. Shows Breakeven: Muestra los puntos de breakeven en la expiración según el crédito obtenido. Add SMAs: Agrega al cuadro las SMA 8, 20 y 50. Nota 1: se recomienda usar el Dark Theme Color de TradingView. Nota 2: este indicador solo funcionará en temporalidades intradías menores a 30 minutos (1m,2m,5m,10m,15m,30m) y solo mostrará resultados mientras el mercado esté abierto, o sea en tiempo real.
Pine Script® indicator
by seba34e
2
Market Average TrendThis indicator aims to be complimentary to SPDR Tracker , but I've adjusted the name as I've been able to utilize the "INDEX" data provider to support essentially every US market. This is a breadth market internal indicator that allows quick review of strength given the 5, 20, 50, 100, 150 and 200 simple moving averages. Each can be toggled to build whatever combinations are desired, I recommend reviewing classic combinations such as 5 & 20 as well as 50 & 200. It's entirely possible that I've missed some markets that "INDEX" provides data for, if you find any feel free to drop a comment and I'll add support for them in an update. Markets currently supported: S&P 100 S&P 500 S&P ENERGIES S&P INFO TECH S&P MATERIALS S&P UTILITIES S&P FINANCIALS S&P REAL ESTATE S&P CON STAPLES S&P HEALTH CARE S&P INDUSTRIALS S&P TELECOM SRVS S&P CONSUMER DISC S&P GROWTH NAS 100 NAS COMP DOW INDUSTRIAL DOW COMP DOW UTILITIES DOW TRANSPORTATION RUSSELL 1000 RUSSELL 2000 RUSSELL 3000 You can utilize this to watch stocks for dip buys or potential trend continuation entries, short entries, swing exits or numerous other portfolio management strategies. If using it with stocks, it's advisable to ensure the stock often follows the index, otherwise obviously it's great to use with major indexes and determine holdings sentiment. Important! The "INDEX" data provider only supplies updates to all of the various data feeds at the end of day, I've noticed quite some delays even after market close and not taken time to review their actual update schedule (if even published). Therefore, it's strongly recommended to mostly ignore the last value in the series until it's the day after. Only works on daily timeframes and above, please don't comment that it's not working if on other timeframes lower than daily :) Feedback and suggestions are always welcome, enjoy!
Pine Script® indicator
by TradeSeekers
11
Bull Flag DetectionThe FuturesGod bull flag indicator aims to identify the occurrence of bull flags. Bull flags are a popular trading pattern that allows users to gauge long entries into a given market. Flags consist of a pole that is followed by either a downward or sideways consolidation period. This script can be used on any market but was intended for futures (NQ, ES) trading on the intraday timeframe. The script does the following: 1. Identifies the occurrence of a flag pole. This is based on a lookback period and percentage threshold decided by the user. 2. Marks the consolidation area after the pole occurrence using swing highs and swing lows. 3. Visually the above is represented by a shaded green area. 4. When a pole is detected, it is marked by a downward off-white triangle. Note that if the percentage threshold is reached several times on the same upward climb, the script will continue to identify points where the threshold for pole detection is met. 5. Also visualized are the 20, 50 and 200 period exponential moving averages. The area between the 20 and 50 EMAs are shaded to provide traders a visual of a possible support area.
Pine Script® indicator
by xfuturesgod
1
True Range/Expected MoveThis indicator plots the ratio of True Range/Expected Move of SPX. True Range is simple the high-low range of any period. Expected move is the amount that SPX is predicted to increase or decrease from its current price based on the current level of implied volatility. There are several choices of volatility indexes to choose from. The shift in color from red to green is set by default to 1 but can be adjusted in the settings. Red bars indicate the true range was below the expected move and green bars indicate it was above. Because markets tend to overprice volatility it is expected that there would be more red bars than green. If you sell SPX or SPY option premium red days tend to be successful while green days tend to get stopped out. On a 1D chart it is interesting to look at the clusters of bar colors.
Pine Script® indicator
by robertsullivan1956
1
Global Liquidity IndexThe Global Liquidity Index offers a consolidated view of all major central bank balance sheets from around the world. For consistency and ease of comparison, all values are converted to USD using their relevant forex rates and are expressed in trillions. The indicator incorporates specific US accounts such as the Treasury General Account (TGA) and Reverse Repurchase Agreements (RRP), both of which are subtracted from the Federal Reserve's balance sheet to give a more nuanced view of US liquidity. Users have the flexibility to enable or disable specific central banks and special accounts based on their preference. Only central banks that both don’t engage in currency pegging and have reliable data available from late 2007 onwards are included in this aggregated liquidity model. Global Liquidity Index = Federal Reserve System (FED) - Treasury General Account (TGA) - Reverse Repurchase Agreements (RRP) + European Central Bank (ECB) + People's Bank of China (PBC) + Bank of Japan (BOJ) + Bank of England (BOE) + Bank of Canada (BOC) + Reserve Bank of Australia (RBA) + Reserve Bank of India (RBI) + Swiss National Bank (SNB) + Central Bank of the Russian Federation (CBR) + Central Bank of Brazil (BCB) + Bank of Korea (BOK) + Reserve Bank of New Zealand (RBNZ) + Sweden's Central Bank (Riksbank) + Central Bank of Malaysia (BNM). This tool is beneficial for anyone seeking to get a snapshot of global liquidity to interpret macroeconomic trends. By examining these balance sheets, users can deduce policy trajectories and evaluate the global economic climate. It also offers insights into asset pricing and assists investors in making informed capital allocation decisions. Historically, riskier assets, such as small caps and cryptocurrencies, have typically performed well during periods of rising liquidity. Thus, it may be prudent for investors to avoid additional risk unless there's a consistent upward trend in global liquidity.
Pine Script® indicator
by QuantitativeAlpha
113
CE - Market Performance TableThe 𝓜𝓪𝓻𝓴𝓮𝓽 𝓟𝓮𝓻𝓯𝓸𝓻𝓶𝓪𝓷𝓬𝓮 𝓣𝓪𝓫𝓵𝓮 is a sophisticated market tool designed to provide valuable insights into the current market trends and the approximate current position in the Macroeconomic Regime. Furthermore the 𝓜𝓪𝓻𝓴𝓮𝓽 𝓟𝓮𝓻𝓯𝓸𝓻𝓶𝓪𝓷𝓬𝓮 𝓣𝓪𝓫𝓵𝓮 provides the Correlation Implied Trend for the Asset on the Chart. Lastly it provides information about current "RISK ON" or "RISK OFF" periods. Methodology: 𝓜𝓪𝓻𝓴𝓮𝓽 𝓟𝓮𝓻𝓯𝓸𝓻𝓶𝓪𝓷𝓬𝓮 𝓣𝓪𝓫𝓵𝓮 tracks the 15 underlying Stock ETF's to identify their performance and puts the combined performances together to visualize 42MACRO's GRID Equity Model. For this it uses the below ETF's: Dividends (SPHD) Low Beta (SPLV) Quality (QUAL) Defensives (DEF) Growth (IWF) High Beta (SPHB) Cyclicals (IYT, IWN) Value (IWD) Small Caps (IWM) Mid Caps (IWR) Mega Cap Growth (MGK) Size (OEF) Momentum (MTUM) Large Caps (IWB) Overall Settings: The main time values you want to change are: Correlation Length - Defines the time horizon for the Correlation Table ROC Period - Defines the time horizon for the Performance Table Normalization lookback - Defines the time horizon for the Trend calculation of the ETF's - For longer term Trends over weeks or months a length of 50 is usually pretty accurate Visuals: There is a variety of options to change the visual settings of what is being plotted and the two table positions and additional considerations. Everything that is relevant in the underlying logic that can help comprehension can be visualized with these options. Market Correlation: The Market Correlation Table takes the Correlation of the above ETF's to the Asset on the Chart, it furthermore uses the Normalized KAMA Oscillator by IkkeOmar to analyse the current trend of every single ETF. It then Implies a Correlation based on the Trend and the Correlation to give a probabilistically adjusted expectation for the future Chart Asset Movement. This is strengthened by taking the average of all Implied Trends. With this the Correlation Table provides valuable insights about probabilistically likely Movement of the Asset, for Traders and Investors alike, over the defined time duration. Market Performance: 𝓜𝓪𝓻𝓴𝓮𝓽 𝓟𝓮𝓻𝓯𝓸𝓻𝓶𝓪𝓷𝓬𝓮 𝓣𝓪𝓫𝓵𝓮 is the actual valuable part of this Indicator. It provides valuable information about the current market environment (whether it's risk on or risk off), the rough GRID models from 42MACRO and the actual market performance. This allows you to obtain a deeper understanding of how the market works and makes it simple to identify the actual market direction. Utility: The 𝓜𝓪𝓻𝓴𝓮𝓽 𝓟𝓮𝓻𝓯𝓸𝓻𝓶𝓪𝓷𝓬𝓮 𝓣𝓪𝓫𝓵𝓮 is divided in 4 Sections which are the GRID regimes: Economic Growth: Goldilocks Reflation Economic Contraction: Inflation Deflation Top 5 Equity Style Factors: Are the values green for a specific Column? If so then the market reflects the corresponding GRID behavior. Bottom 5 Equity Style Factors: Are the values red for a specific Column? If so then the market reflects the corresponding GRID behavior. So if we have Goldilocks as current regime we would see green values in the Top 5 Goldilocks Cells and red values in the Bottom 5 Goldilocks Cells. You will find that Reflation will look similar, as it is also a sign of Economic Growth. Same is the case for the two Contraction regimes.
Pine Script® indicator
by Celestial-Eye
3
EMAflowPRO -Ranges-DISCLAIMER: Always, please keep in mind that market conditions change, past results cannot guarantee the same results in the future. EMAflowPRO - Ranges- EMAflowPRO ranges indicator will detect key movements in the market that fit certain conditions and based on that create key tradable zones by providing dynamic and static range levels. Before reading further please take a look at the indicator values names on the right in the main chart above - these names are linked to the content below when we talk about range structure. The examples included in charts are linked to the area we're discussing (if something was said - most likely closest chart demonstrates it - Also arrows present entries; can be limit or can be market buy/sell in to the wicks.) Let's find out what indicator does... Static range logic: Indicator uses combination of market timing indicators (counting relationship between candles) , fisher transform, stoch rsi, bollinger bands to detect important market price action that show strenght - based on that it will project a static range where key goal is to predict where market will be extremely oversold, extremely overbought or where market could change bias etc. The setups it provides are very similar to those that come out of harmonic patterns - but it was developed with unique approach without knowing what harmonic patterns are.. so it's not completly the same. Range is represented by 3 tradable areas (actual trade ideas on charts - arrow points towards a level - on the right there is a scale with a number- limit order can be placed there ) Top of the range - It serves as a shorting area or if top is converted to support can also signal a potential breakout or start of new trend. Example of a short the top of the range: 29732 - is area where wicks can be sold in to , or limit sell is placed - with higher leverage sl should be tight, with lower sell orders can be spread out up to the middle with sl just above 30500, targets can be choosen based on the provious range top as % moves point. Example of longing the levels on the recent rise - price staying above middle of the top of the range keeps bias on the upside and potentially signals a break out or start of new trend Uppper, Middle, Lower part of the range: Sideway area - middle of the range decides direction , above favors the upper levels , below favors the lower levels. Very nice example where white line is middle of the range and shows that even in strong trend - range projection is able to accurately predict key pullback areas that provide substantial gain. See image below - again settign limit orders where middle of the range is allows you to get a comfortable entry with very big risk reward ratio. Bottom of the range - market is extremely oversold Spx example of our recent range from last year's summer - again chart includes both EMAflow indicator and EMAflow ranges as all indicators are extremely complementary and present two sides of the medal sideway and trend view. Chart only contains ranges but shows the same pair and time: If price goes below middle of the bottom of the range it could signal a break down or start of new bearish trend. Dynamic range logic Since sometimes static range gets broken out or is not respected and the price action is not yet sufficient to generated a new one we included a dynamic supply demand part where dynamic range is generated working in a similar way but does add clarity when static range fails. example of this can be seen when ftx caused a btc dump we broke through the bottom of the range but dynamic range later showed us new bottom we could trade. Confluence between both can also provide even more sure levels to place limit orders or to market buy or sell when wicks in to that area occurs. Minuses: Since ranges tend to work best when market is sideway - a second part is recommended with EMAflowPRO where focus on moving averages helps you navigate stronger trends. Not all tfs are well synced with ranges on various assets so you will need to flip through few ones to find the best timeframes that historically worked the best - if you come across an asset that doens't look good you should just change timeframe to higher until you see something that fits or change asset until you get something that looks clear. Settings: EMAflow - Ranges - allows you to preset minimum potential of a trade setup you want to look for - default is 6% that ensures you can get a good setup on lower and higher tfs.
Pine Script® indicator
by EMAflow
1
SPX ES SpreadA very simple indicator to display the spread between ES and SPX. The table by default displays in the upper right corner of the chart. If you are on the chart for SPX, it will show the current price of ES, as well as the difference in points between the two. Similarly, if on the chart for ES, it will show the price for SPX as well as the difference in points between the two. The table does not appear at all if the chart symbol is anything other than ES or SPX. The specific symbols used can be defined by the user.
Pine Script® indicator
by mrmccraig
4
SPY SPX ES Price Converter+ [Pt]This is a + version of my original SPY SPX ES Price Converter indicator Description The SPY SPX ES Price Converter is a powerful and easy-to-use tool that allows traders to view corresponding price levels for linked instruments in real-time. This includes SPY, SPX, ES, and SPX500USD. Although these instruments often move in sync, differences in price movements, volume, and trading hours can create unique key levels and support/resistance areas for each. By mapping these levels on the same chart, traders can more easily spot trading opportunities and improve their chances of success. Customizable features - multiplier from the closest whole number price level - line color - line style - label position / size - # of levels to display - toggle current price display table || ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|| This script includes the following premium unique features. SPY / SPX Gaps detector A gap is an area on a chart where the price between two bars changes significantly without any trades happening between them. Such gaps often occur when a strong shift in sentiment happens during the hours when markets are usually closed. This indicator highlights these gaps on the chart and extends them further until they have been covered (i.e., when a newer bar has crossed that gap). Overnight gaps from SPY or SPX can be mapped directly onto ES chart VWAPs VWAPs of these linked instruments can be mapped onto the chart. For example, ES VWAP mapped onto SPY chart, or vise versa. This allows for clear visualization of the price action near these VWAP levels. Custom Cross Instruments Price Targets Want to trade SPY options while watching ES chart or vise versa? You can setup to 8 price targets and see the corresponding converted price level. No need to switch between charts to try to figure out which price level corresponds to which.
Pine Script® indicator
by PtGambler
60