The Litt Internal Pro is based on the four major U.S. Equity Indexes. This is to not be used for any other markets. If you need more information on any of the indexes, you can google or watch YouTube videos on what they are. Typically if we are looking for to be long we want to see all four of the indexes green and have buy ratings. If we are looking to be short...
This calculates the dollar volume per candlestick (2nd row) and cumulative (3rd row) of the entire trading day for each subsector of the SPY.
The 'Total' column is the total of all the subsectors combined. It is calculated separately from SPY volume.
The money flow is calculated with (open+close)/2 which means different timeframes yield different results and...
Overall what this script try's to capture is bounces off of moving trend lines.
What you will see when using this script
one Green line, one red line, two gray lines and circles in colors blue, green, red, and purple.
RED AND GREEN LINES:
There are two trend lines, an upper and a lower line that are 1 to 2 standard deviations from the linear...
Second version of Market Breadth EMAs for $SPY. Getting a little more complicated than V1 but removed noise.
Green line = % of stocks above their 20-period moving average, the "twitch line"
Red line = % of stocks above their 200-period moving average, the "long term trend"
White line = weighted average of the % of stocks above the 20/50/100/200...
This is the combined market breadth tickers: S5TW, S5FI, S5OH, and S5TH representing the percentage of S&P 500 stocks above their 20, 50, 100, and 200 EMA respectively. The colors go from green (20) to red (200) because if 20 crosses above the 200, the market's bullish, and if the 20 crosses below the 200, the market is bearish. So if green is on top = bull...
Script for Macro:
This indicator shows the 9 day average of the correlation of the 11 S&P500 sectors with the security.
Recommend you use the indicator on SPX or SPY, but you can change the values to be compared.
These Bollinger bands feature Fibonacci retracements to very clearly show areas of support and resistance. The basis is calculate off of the Volume Weighted Moving Average. The Bands are 3 standard deviations away from the mean. 99.73% of observations should be in this range.
This indicator shows 1 and 2 standard deviation price move from the VWAP based on VIX. Implied Volatility (IV) is being used extensively in the Option world to project the Expected Move for the underlying instrument. VIX is used as a proxy for SPY's IV for 30 days.
This indicator is meaningful only for SPY but can be used in any other instrument which has a...
This script aims to identify optimal times when to write Puts for premium, for example using the SPX Weeklies model or simply buying Calls. Not perfect but provides some additional confidence when playing Puts on SPX or the Wheel on SPY.
What it does:
We compare current VIX with a lookback VIX for X% delta. If there is a jump of say 20% over a defined period then...
THIS SCRIPT HAS BEEN BUILT TO BE USED AS A S&P500 SPY CRASH INDICATOR ON A DAILY TIME FRAME (should not be used as a strategy).
THIS SCRIPT HAS BEEN BUILT AS A STRATEGY FOR VISUALIZATION PURPOSES ONLY AND HAS NOT BEEN OPTIMIZED FOR PROFIT.
The script has been built to show as a lower indicator and also gives visual SELL signal on top when conditions are met....
Works best as an intraday indicator
Background black & line green = Long VIX
Background black & red line = No trade
Background orange & line green = Consider selling
Background orange & line red = Short VIX
This is a simple swing trading algorithm that uses a fast RSI-EMA to trigger buy/cover signals and a slow RSI-EMA to trigger sell/short signals for SPY, an xchange-traded fund for the S&P 500.
The idea behind this strategy follows the premise that most profitable momentum trades usually occur during periods when price is trending up or down. Periods of flat price...
The Sharpe ratio allows you to see whether or not an investment has historically provided a return appropriate to its risk level. A Sharpe ratio above one is acceptable, above 2 is good, and above 3 is excellent. A Sharpe ratio less than one would indicate that an investment has not returned a high enough return to justify the risk of holding it. Interesting in...
This script tracks the U.S. 2Yr/10Yr Spread and uses inversions of the curve to predict recessions. Whenever a red arrow appear on the yield curve, expect a recession to begin within the next 2 years. Use this signal to either exit the market, or hedge current positions. Whenever a green arrow appears on the yield curve, expect a recession to have nearly ended....
This strategy is based on VFI indicator published by UTS.
for the strategy purpose , I have added buy line and sell line to the indicator and tested SPY stock/index on one hour chart
1. EMA 50 is above EMA 200
2. vfi line is pulled down and crossing above -4
1. when vfi line crossing down 5
This script uses the close of the VIX on a daily resolution to provide the 'implied move' for the E-mini SP500 futures. While it can be applied to any equity index, it's crucial to know that the VIX is calculated using SPX options, and may not reflect the implied volatility of other indices. The user can adjust the length of the moving average used to calculate...
Modified version of ATR Pips
The indicator's value is a third of the daily range which is good to use as a stop loss value for intra day scalping on markets such as index futures and forex.
It's good for detecting and confirming inflection points in the market.
I have developed this custom indicator very loosely based on the Sector Rotation Model (Giorgos E. Siligardos. Technical Analysis of Stocks & Commodities, August 2012) and I called it the MRI because this is essentially a brain scan of any particular stock. This will not only tell you when a stock is breaking out over the market at large but also how the stock is...