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SPY Trend Bands
SPY Trend Bands
Precision intraday trend and daily target levels for SPY options trading.
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What it does:
SPY Trend Bands combines an asymmetric ATR band system with statistically-validated daily target levels to give you a clear picture of intraday trend direction and key price zones — all in one lightweight indicator.
Trend Bands (Intraday)
Uses a smoothed RMA with asymmetric ATR multipliers — a tight upper band and a wider lower band. This asymmetry means bullish signals trigger more easily, while bearish signals require stronger conviction. The bands change color in real time: green when bullish, red when bearish.
Daily Target Boxes
Built on walk-forward validated SPY statistics across 1,445 sessions (2020–2026). Target levels are calculated from the RTH open price and automatically adjust based on daily volatility category (Low / Normal / High / Extreme). Once set at market open, levels remain fixed for the entire session.
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Key features:
- Single target box mode — shows only the active directional target in blue, switching automatically with trend
- Optional dual box mode — displays both long and short targets simultaneously
- TP1 / TP2 label mode — relabels Avg/Ext levels as take profit targets
- Fully customizable colors for bullish, bearish, and single-box modes
- Bar coloring option
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How to use:
- On 15min chart — use bands for intraday entry timing and trend confirmation
- On 1H chart — use target boxes as key support/resistance and reversal zones
- Works best with SPY and SPX-related instruments
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Settings:
- MA / ATR lengths — tune band sensitivity
- Upper / Lower multipliers — control band width asymmetry
- Show both boxes — toggle between single directional and dual target display
- Use TP1/TP2 labels — switch label style for options traders
Precision intraday trend and daily target levels for SPY options trading.
---
What it does:
SPY Trend Bands combines an asymmetric ATR band system with statistically-validated daily target levels to give you a clear picture of intraday trend direction and key price zones — all in one lightweight indicator.
Trend Bands (Intraday)
Uses a smoothed RMA with asymmetric ATR multipliers — a tight upper band and a wider lower band. This asymmetry means bullish signals trigger more easily, while bearish signals require stronger conviction. The bands change color in real time: green when bullish, red when bearish.
Daily Target Boxes
Built on walk-forward validated SPY statistics across 1,445 sessions (2020–2026). Target levels are calculated from the RTH open price and automatically adjust based on daily volatility category (Low / Normal / High / Extreme). Once set at market open, levels remain fixed for the entire session.
---
Key features:
- Single target box mode — shows only the active directional target in blue, switching automatically with trend
- Optional dual box mode — displays both long and short targets simultaneously
- TP1 / TP2 label mode — relabels Avg/Ext levels as take profit targets
- Fully customizable colors for bullish, bearish, and single-box modes
- Bar coloring option
---
How to use:
- On 15min chart — use bands for intraday entry timing and trend confirmation
- On 1H chart — use target boxes as key support/resistance and reversal zones
- Works best with SPY and SPX-related instruments
---
Settings:
- MA / ATR lengths — tune band sensitivity
- Upper / Lower multipliers — control band width asymmetry
- Show both boxes — toggle between single directional and dual target display
- Use TP1/TP2 labels — switch label style for options traders
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.