Sigep1901dl

NADEX SPREADS - No Repaint Channel Next Bar Predictor Alert

WHAT MARKETS TO USE ON?

This indicator is for use on the Dow 30 e-mini (Symbol=YM1!). Specifically, the indicator was designed to be used for Nadex Wall St 30 spreads. It has not been tested on other markets, and therefore, I cannot recommend on anything other than YM1! .

HOW IT WORKS

The indicator is triggered when certain trend conditions exist, and there has been a short-term dip and resumption of the trend. It uses a collection of trend indicators and oscillators. This indicator is based off the previous candle's close, so there is no repainting. In other words, the indicator will trigger (if certain conditions are met) immediately upon the open of the new candle. No matter what happens with that new candle, the trigger will remain shown, i.e., no repainting or ghost signals.

HOW TO USE IT

If the alert indicator shows a "Buy," you purchase the Nadex spread for Wall St 30 where the price is in the middle of the spread. There are 5 spreads available, and you choose the one that's at the money ("ATM"). These spreads are for two-hour increments, so make sure to choose a spread that expires in one hour, NOT two hours. Anyone familiar with Nadex will know what I mean.

The above is reversed when the alert triggers a "Sell." Once the spread is purchased, you simply let it ride out to expiration. Buying or selling a Nadex spread that's at the money or near at the money will ensure a max loss of $50 to $60 per spread purchased. No need to set stop losses here.

The second indicator shown, "Profit Graph," shows how much profit (in dollars) one would have made from January 1, 2017 to the present using this indicator. I do not know how to code a pine script strategy that exists at the close of a bar, so this is the best I could do to show profit. It's accurate though.

This indicator is available with a monthly subscription. However, I will provide a one-week free trial to test it out. PM me if interested.
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