Trend-S&R-WiP

15 Nov 2025

11-15-2025: This new indicator is my 5/15-Min-ORB-Trend-Finder-WiP indicator simplified to only have:
> Market Open
> 5-Min & 15-Min High/Low
> Support/Resistance lines
> Fair Value Gaps (FVGs)
> a Trend Line
> a Trend table

Recommended to be used with my other indicator: Buy-or-Sell-WiP

Strategy:
> I only trade one ticker, SPX, with ODTE CALL/PUT Credit Spreads
> use Break & Retest with 5-Min High/Low or 15-Min High/Low or FVGs
> 📈 Bullish Trend
Trade: PUT Credit Spread
Trend Confirmations:
Trend Line is green
MACD Histogram is green
Price Condition: Nearest resistance 8-10 points above market price
> 📉 Bearish Trend
Trade: CALL Credit Spread
Trend Confirmations:
Trend Line is purple
MACD Histogram is red
Price Condition: Nearest support 8-10 points below market price
> Fair Value Gaps (FVGs)
- Trade anytime during the day using Break & Retest and all indicator confirmations shown above

15 Nov 2025

Nota Keluaran

11/15/2025 - Corrected the title by adding a shorttitle=Trend-S&R-WiP

29 Nov 2025

Nota Keluaran

11/29/2025 Update: removed Trend Table (provided misleading information as timely updates were lagging), removed FVG Dashboard (provided little useful information), added Bollinger Bands (will be used with 0DTE Iron Condor strategy later when Trade Calculator software is released).

18 Dis 2025

Nota Keluaran

12/18/2025 - added a 1-Hour High and Low line with labels to chart, this will compliment the 5- minute and 15-minute high/low lines to add a third ORB trading period.

5 Jan

Nota Keluaran

01/05/2026 - I've updated the Trend-S&R-WiP indicator to not only include the following items...

5-Min ORB high/low
15-Min ORB high/low
30-Min ORB high/low
1-Hour ORB high/low

Upper Bollinger Band w/label
Lower Bolling Band w/label

Fair Value Gaps

Trend Line (alternating green for Bullish, purple for Bearish)

Support/Resistance Lines


...but to also include a Market Pattern table to tell if it is a Trending Market or a Ranging Market.

How The Trend~Range Numbers Are Determined:

The following five market behaviors are evaluated to produce two scores:
> Normalized ATR (volatility relative to price),
> ADX (trend strength),
> Slope (price momentum over 14 periods),
> RSI Stability (consistency of RSI),
> Deviation Index (price deviation from a 14-period SMA).

The Trend Score: tells us if a trending Bullish or Bearish market; if Trend Score > Range Score (meaning the chart is trending Bullish or Bearish), the Trend row turns Green.

The Range Score: tells us if a consolidating, ranging market; if Range Score > Trend Score, (meaning the chart is ranging/consolidating), the Range row turns Red.

6 jam lalu

Nota Keluaran

2026.01.27 - added 20 EMA High/Low line, and Up/Down Fractal indicators.

Indicator still includes all of the following:
> 5-min, 15-min, 30-min, and 1-hour ORB lines with labels
> Bollinger Band High/Mid/Low lines with labels
> Purple/Green Trend line which is approximately the 9 EMA
> Support/Resistance lines

6 jam lalu

Nota Keluaran

2026.01.27 - forgot to mention in previous update, I also have added a "Market Pattern" table in the upper, right area of the chart which gives a "Trend" number and "Range" number to help determine if the market is bullish or bearish or consolidating/ranging.