OPEN-SOURCE SCRIPT
SPY Position Helper v1

SPY Scalp Position Helper is a decision-support indicator designed for short-duration SPY trades on the one-minute chart. It combines higher-timeframe structure, momentum, trend strength, volatility, and nearby support or resistance to identify potential CALL and PUT setups.
Each setup receives a score based on:
* Confirmed four-hour market direction
* One-hour and intraday price structure
* VWAP and 200 EMA confluence
* RSI momentum
* MACD direction
* ADX trend strength
* Candle confirmation
* Available room before opposing structure
The indicator waits for the one-minute candle to close before producing a signal. When a qualifying setup appears, it displays a CALL or PUT marker with suggested SPY entry, invalidation, and target levels. It then monitors the position guide for structural failure, momentum deterioration, target completion, session expiration, or the maximum holding period.
Blue background shading indicates a developing setup that is close to qualifying but still requires confirmation. The dashboard displays the current market bias, CALL and PUT scores, nearby support and resistance, active stop and target levels, and time spent in the position guide.
This indicator does not execute trades or calculate option premiums. All entry, stop, and target values refer to SPY itself. Actual 0DTE option performance will also depend on strike selection, spread, liquidity, implied volatility, gamma, theta, and execution quality.
Designed for discretionary use, chart preparation, alerts, and process discipline. It should not replace independent judgment or risk management.
Each setup receives a score based on:
* Confirmed four-hour market direction
* One-hour and intraday price structure
* VWAP and 200 EMA confluence
* RSI momentum
* MACD direction
* ADX trend strength
* Candle confirmation
* Available room before opposing structure
The indicator waits for the one-minute candle to close before producing a signal. When a qualifying setup appears, it displays a CALL or PUT marker with suggested SPY entry, invalidation, and target levels. It then monitors the position guide for structural failure, momentum deterioration, target completion, session expiration, or the maximum holding period.
Blue background shading indicates a developing setup that is close to qualifying but still requires confirmation. The dashboard displays the current market bias, CALL and PUT scores, nearby support and resistance, active stop and target levels, and time spent in the position guide.
This indicator does not execute trades or calculate option premiums. All entry, stop, and target values refer to SPY itself. Actual 0DTE option performance will also depend on strike selection, spread, liquidity, implied volatility, gamma, theta, and execution quality.
Designed for discretionary use, chart preparation, alerts, and process discipline. It should not replace independent judgment or risk management.
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。