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SPY Position Helper v1
adjusted chart view to show more data on 1m timeframeSPY Position Helper v1
SPY Position Helper v1 is a multi-timeframe technical analysis indicator that combines trend, market structure, momentum, and volatility measurements into a rules-based confluence model.
The indicator continuously calculates:
4-hour trend direction using the 200-period Exponential Moving Average (EMA)
1-hour structural highs and lows
Previous day's High, Low, and Close
Average True Range (ATR)
200 EMA
VWAP
Relative Strength Index (RSI)
MACD
Directional Movement Index (+DI / -DI)
Average Directional Index (ADX)
Confirmed swing highs and swing lows using pivot detection
Support and resistance are dynamically derived from the nearest confirmed structural references, including swing pivots, higher-timeframe levels, previous-day levels, VWAP, and the 200 EMA. These levels are converted into adaptive zones whose width is based on current ATR, allowing the zones to expand and contract with changing market volatility.
The indicator evaluates completed candles for breakout and rejection behavior, directional momentum, candle body strength, trend participation, and available structural room relative to calculated risk. ATR-adjusted stop distances and structural targets are calculated to estimate available reward versus risk for each qualifying setup.
Each potential setup is evaluated using a weighted 10-point confluence model consisting of:
Higher-timeframe trend alignment
Structural location
EMA/VWAP confluence
RSI position
MACD confirmation
ADX trend strength
Candle confirmation
Structural reward-to-risk evaluation
Signals are produced only when all required conditions are met and the calculated confluence score satisfies the user-defined minimum threshold.
When a signal is active, the indicator calculates reference entry, stop, and target levels, monitors predefined exit conditions, and displays market context through dynamic chart overlays and an informational dashboard.
Disclaimer
This indicator is intended solely as a technical analysis and decision-support tool. It does not predict future market movements, guarantee profitable trades, or provide certainty regarding market direction. All trading involves risk, and no indicator can eliminate uncertainty or secure profits. Users should exercise independent judgment and apply appropriate risk management before making any trading decisions.
SPY Position Helper v1 is a multi-timeframe technical analysis indicator that combines trend, market structure, momentum, and volatility measurements into a rules-based confluence model.
The indicator continuously calculates:
4-hour trend direction using the 200-period Exponential Moving Average (EMA)
1-hour structural highs and lows
Previous day's High, Low, and Close
Average True Range (ATR)
200 EMA
VWAP
Relative Strength Index (RSI)
MACD
Directional Movement Index (+DI / -DI)
Average Directional Index (ADX)
Confirmed swing highs and swing lows using pivot detection
Support and resistance are dynamically derived from the nearest confirmed structural references, including swing pivots, higher-timeframe levels, previous-day levels, VWAP, and the 200 EMA. These levels are converted into adaptive zones whose width is based on current ATR, allowing the zones to expand and contract with changing market volatility.
The indicator evaluates completed candles for breakout and rejection behavior, directional momentum, candle body strength, trend participation, and available structural room relative to calculated risk. ATR-adjusted stop distances and structural targets are calculated to estimate available reward versus risk for each qualifying setup.
Each potential setup is evaluated using a weighted 10-point confluence model consisting of:
Higher-timeframe trend alignment
Structural location
EMA/VWAP confluence
RSI position
MACD confirmation
ADX trend strength
Candle confirmation
Structural reward-to-risk evaluation
Signals are produced only when all required conditions are met and the calculated confluence score satisfies the user-defined minimum threshold.
When a signal is active, the indicator calculates reference entry, stop, and target levels, monitors predefined exit conditions, and displays market context through dynamic chart overlays and an informational dashboard.
Disclaimer
This indicator is intended solely as a technical analysis and decision-support tool. It does not predict future market movements, guarantee profitable trades, or provide certainty regarding market direction. All trading involves risk, and no indicator can eliminate uncertainty or secure profits. Users should exercise independent judgment and apply appropriate risk management before making any trading decisions.
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。