OPEN-SOURCE SCRIPT
Updated SPY Put Credit Spread Entry Regime
This TradingView indicator is designed to identify potential SPY put credit spread entries using a completed daily trend regime and a 9:35 a.m. ET opening check. It classifies conditions as Green, Caution, Risk-Off, or Severe Risk-Off using the 20, 50, and 200-day SMAs, then applies optional filters for the opening gap, previous-day low, and regular-session VWAP. It provides two alerts: BUY Full Position for Green conditions and BUY Cautious Position for reduced-size entries.
Intended for use on a 5-minute SPY chart.
Intended for use on a 5-minute SPY chart.
Release Notes
Corrected the name of the alertsOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.