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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
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuyla, bu komut dosyasının mimarı, yatırımcıların işlevselliğini inceleyip doğrulayabilmesi için onu açık kaynaklı hale getirdi. Yazarı tebrik ederiz! Ücretsiz olarak kullanabilseniz de, kodu yeniden yayınlamanın Topluluk Kurallarımıza tabi olduğunu unutmayın.
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.
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuyla, bu komut dosyasının mimarı, yatırımcıların işlevselliğini inceleyip doğrulayabilmesi için onu açık kaynaklı hale getirdi. Yazarı tebrik ederiz! Ücretsiz olarak kullanabilseniz de, kodu yeniden yayınlamanın Topluluk Kurallarımıza tabi olduğunu unutmayın.
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.