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NuEdge 2min QQQ-SPY Breakout Strategy

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NuEdge 2min QQQ-SPY Breakout Strategy
Description:
A focused breakout strategy designed for the 2-minute chart of QQQ and SPY. This indicator identifies high-probability call and put setups when price breaks above the previous day's high or below the previous day's low during trending markets.
Key Features:

Generates clear call/put signals using PDH/PDL breakouts and EMA trend alignment
Limited to 1-2 quality signals per day (one call, one put maximum)
Automatically filters out pre-market, after-hours, and end-of-day periods
Requires consolidation near the 13 EMA before breakout for higher probability setups
Simple visual display with green (calls) and red (puts) triangles at entry points

Strategy Rules:

Call Signal: Price breaks above PDH in a bullish trend (above 13 & 48 EMAs)
Put Signal: Price breaks below PDL in a bearish trend (below 13 & 48 EMAs)
Consolidation required before breakout (price near 13 EMA)
Signals only appear during regular trading hours (9:30 AM - 3:45 PM ET)
One signal per direction per day maximum

Indicator Elements:

Yellow line: 13 EMA (short-term trend)
Purple line: 48 EMA (medium-term trend)
Red line: 200 EMA (long-term trend reference)
Green dashed line: Previous Day High (PDH)
Orange dashed line: Previous Day Low (PDL)
Green triangles: Call signals (bullish)
Red triangles: Put signals (bearish)

This indicator helps traders identify precise entry points for options trading by focusing on key price level breakouts combined with proper trend alignment, designed specifically for the 2-minute timeframe on QQQ and SPY.
Nota Keluaran
A comprehensive breakout system for trading QQQ and SPY using previous day's high/low levels and EMA interactions. Generates clear Call and Put signals with specific trigger types (Break, Retest, EMA Bounce, 200 Bounce/Drop).

Updated with improved signal visibility using clean bubble labels that display both signal direction (C/P) and specific trigger type. Debug information now positioned in top right to avoid interfering with price action.

System analyzes market context using 13, 48, and 200 EMAs while tracking PDH/PDL levels. Bullish/bearish signals only trigger when all technical conditions align, including proper trend confirmation and price proximity to key levels.

Perfect for day traders using 2-minute charts for precision entry and exit points in QQQ and SPY options trading.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.