Buying Opportunity Score V2.1

11 jam lalu

Overview
A composite scoring system (0-100) that identifies high-probability buying opportunities during market pullbacks. Validated through backtesting on SPY from 2010-2024.

How It Works
The indicator combines multiple fear and oversold signals into a single actionable score. When fear is elevated and the market is oversold, the score rises. Higher scores historically correlate with better forward returns.

Scoring Components
VIX Level (30 pts) - Market fear gauge
Drawdown (30 pts) - Distance from 52-week high
RSI 14 (12 pts) - Oversold confirmation
Bollinger Band (13 pts) - Statistical extreme
VIX Timing (15 pts) - Bonus when VIX declining from peak

Signal Levels
80+ = STRONG BUY (high conviction)
70-79 = BUY (consider entry)
60-69 = WATCH (monitor closely)
Below 60 = No signal

Backtest Results (SPY, 2010-2024)
70+ Signals: 85% win rate, 7.5% average 20-day return
80+ Signals: 100% win rate, 14% average 20-day return

Features
Statistics table showing 1Y, 3Y, 5Y rolling performance
Signal markers (green triangles) on buy signals
Outcome labels showing WIN/LOSS after measurement period
Multiple alert options
Works on SPY, QQQ, IWM (use VIX for all)

How To Use
Add to SPY, QQQ, or IWM (daily timeframe)
Wait for score to reach 70+ or 80+
Green triangle marks signal day
Check statistics table for recent performance
Set alerts for notifications

Alerts Available
STRONG BUY Signal (80+)
BUY Signal (70+)
Moderate Signal (60+)
Score Crossed 80/70
Score Dropped Below 70

Important Notes
Designed for daily timeframe on broad market ETFs
Signals confirm at end of day (bar close)
Statistics table shows rolling windows based on loaded data
Past performance does not guarantee future results

11 jam lalu

Nota Keluaran

Overview:
A composite scoring system (0-100) that identifies high-probability buying opportunities during market pullbacks. Validated through backtesting on SPY from 2010-2024.

How It Works
The indicator combines multiple fear and oversold signals into a single actionable score. When fear is elevated and the market is oversold, the score rises. Higher scores historically correlate with better forward returns.

Scoring Components
VIX Level (30 pts) - Market fear gauge
Drawdown (30 pts) - Distance from 52-week high
RSI 14 (12 pts) - Oversold confirmation
Bollinger Band (13 pts) - Statistical extreme
VIX Timing (15 pts) - Bonus when VIX declining from peak

Signal Levels
80+ = STRONG BUY (high conviction)
70-79 = BUY (consider entry)
60-69 = WATCH (monitor closely)
Below 60 = No signal

Backtest Results (SPY, 2010-2024)
70+ Signals: 85% win rate, 7.5% average 20-day return
80+ Signals: 100% win rate, 14% average 20-day return

Features
Statistics table showing 1Y, 3Y, 5Y rolling performance
Signal markers (green triangles) on buy signals
Outcome labels showing WIN/LOSS after measurement period
Multiple alert options
Works on SPY, QQQ, IWM (use VIX for all)

How To Use
Add to SPY, QQQ, or IWM (daily timeframe)
Wait for score to reach 70+ or 80+
Green triangle marks signal day
Check statistics table for recent performance
Set alerts for notifications

Alerts Available
STRONG BUY Signal (80+)
BUY Signal (70+)
Moderate Signal (60+)
Score Crossed 80/70
Score Dropped Below 70

Important Notes
Designed for daily timeframe on broad market ETFs
Signals confirm at end of day (bar close)
Statistics table shows rolling windows based on loaded data
Past performance does not guarantee future results

10 jam lalu

Nota Keluaran

Overview
A composite scoring system (0-100) that identifies high-probability buying opportunities during market pullbacks. Validated through backtesting on SPY from 2010-2024.

How It Works
The indicator combines multiple fear and oversold signals into a single actionable score. When fear is elevated and the market is oversold, the score rises. Higher scores historically correlate with better forward returns.

Scoring Components
VIX Level (30 pts) - Market fear gauge
Drawdown (30 pts) - Distance from 52-week high
RSI 14 (12 pts) - Oversold confirmation
Bollinger Band (13 pts) - Statistical extreme
VIX Timing (15 pts) - Bonus when VIX declining from peak

Current Score
The table displays your live score (0-100) with context:
0-29 = WAIT FOR PULLBACK - Market calm, no opportunity
30-49 = NOT ACTIONABLE - Mild stress
50-59 = MONITOR - Fear rising
60-69 = WATCH - Potential entry soon
70-79 = BUY - Consider entering
80+ = STRONG BUY - High conviction entry

Signal Levels
80+ = STRONG BUY (high conviction)
70-79 = BUY (consider entry)
60-69 = WATCH (monitor closely)
Below 60 = No signal

Backtest Results (SPY, 2010-2024)
70+ Signals: 85% win rate, 7.5% average 20-day return
80+ Signals: 100% win rate, 14% average 20-day return

Features
Statistics table showing 1Y, 3Y, 5Y rolling performance
Signal markers (green triangles) on buy signals
Outcome labels showing WIN/LOSS result after 20 days
Multiple alert options
Works on SPY, QQQ, IWM (use VIX for all)

How To Use
Add to SPY, QQQ, or IWM (daily timeframe)
Check the CURRENT SCORE row for today's reading
Wait for score to reach 70+ or 80+
Green triangle marks signal day
Set alerts for notifications

Alerts Available
STRONG BUY Signal (80+)
BUY Signal (70+)
Moderate Signal (60+)
Score Crossed 80/70
Score Dropped Below 70

Important Notes
Designed for daily timeframe on broad market ETFs
Signals confirm at end of day (bar close)
Chart Results show rolling 1Y/3Y/5Y performance from loaded data
Backtest row shows validated 2010-2024 SPY results
Past performance does not guarantee future results