Güncellendi

Buy-or-Sell-WiP

Indicator Features:
> Simple red/green histogram to indicate go long/buy or go short/sell
> Recommended to use with my other indicator: 5/15-Min-ORB-Trend-Finder-WiP

Strategy:
> Use with 1-min chart with 5-min High/Low or 5-min chart with 15-min High/Low
> After a breakout, wait for confirmation before placing a trade, which is:
- Two confirming candles (green for long/buy, red for short/sell)
and
- Buy-or-Sell-WiP histogram: green for long/buy, red for short/sell

Sürüm Notları

Indicator Features:
> Simple green (buy)/ red (sell) histogram.
> Recommended to be used with my other indicator: 5/15-Min-ORB-Trend-Finder-WiP

Strategy:
> I use this exclusively with SPX, trading CALL/PUT credit spreads.
> Use the 1-min chart with 5-min High/Low, or use the 5-min chart with 15-min High/Low.
> After a breakout, wait for the confirmations before placing a trade, which are:
- Two consecutive confirming candles (green for going long/buy, red for going short/sell).
and
- Buy-or-Sell-WiP histogram: green for long/buy, red for short/sell.

> NOTE: Do not place a trade unless there are 10-points, or more from the "go" candle to the nearest resistance line (when going long/buy) or support line (when going short/sell); the reason being the market may not move enough for you to take profit once your trade fills; FYI, I usually try for $0.30 profit when trading CALL/PUT credit spreads.

Sürüm Notları

11/15/2025 - corrected the title by adding a shorttitle=Buy-or-Sell-WiP

Sürüm Notları

11/28/2025 Update: combined ATR with MACD histogram, this will be used later with my secret ODTE Iron Condor strategy that I release with my Trade Calculator software.

Sürüm Notları

01/05/2026 - I've added...

> the VIX line w/label (the CBOE Volatility Index which measures the market's expectation of 30-day volatility for the S&P 500),
- values above 30 indicate greater market fear and uncertainty,
- values below 20 suggest stability.

> and the ATR line w/label (Average True Range),
- helps gain a perspective on the market's historical volatility vs recent daily changes.

Both the VIX and ATR can be used to track a trade's performance and over time the historic data will tell you if a trade is a "go" or "no go".

Sürüm Notları

2026.01.27 - added RSI, VIX, and ATR lines, all with labels for easy reference

RS374

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.

RS374