OptionsMillionaire SPY Moving Averages and Signalsby ColeJustice
OptionsMillionaire's SPY Options trading system is based mainly on these indicators:
- 8 EMA*
- 21 EMA*
- 100 SMA*
- 200 SMA*
- MACD
- RSI
- Squeeze Momentum
(*provided by this indicator)
and follows these rules:
|
| 1) I never fight the trend. If its green, i buy calls. If its red, i buy puts. I will only buy puts on a green day if there is a overall change in market trend. Inversely, calls on a red day
| 2) Price action is my #1 indicator. I wait for it to confirm my thesis before i enter a trade
| 3) I only trade SPY Options
| 4) My baseline is to choose a call/put that has a DTE (Date To Expiration) 6-7 days out, with a strike $2-$3 away. I adjust that to fit my current appetite for volatility. i virtually never play same day DTE's.
| 5) I set a 10% stop, but usually exit at 8% before my stop triggers depending on current situation
| 6) I utilize about 10-20% of my Portfolio for one trade. Sometimes more. Rarely less.
| 7) I never hold overnight in these market conditions.
| 8) I shoot for 10-20% for gains. Depending on market conditions.
| 9) Always look for confirmations in your indicators.
| 10) I never force a trade. No trade is a good trade too if the entry just isn't there.
| 11) Patience always pays off. A great set-up can form in minutes or seconds. I never regret being patient to enter. I nearly always regret rushing into a trade.
|
This indicator combines the moving averages into a single unit to simplify one part of the indicator usage rules: the 8 EMA / 21 EMA Cross. . The 8 crossing over the 21 is a Bullish signal, while the 8 crossing under the 21 is a Bearish signal. This indicator places flags at these crossover/under points, as well as shading the area between the 8 and 21 EMAs to help visualize the strength of the trend; green during a Bullish cross, and red during a Bearish cross.
A new addition to this strategy is the Hull Moving Average, or HMA. This script defaults to an HMA of 20 and shows alerts when candles close above or below the plot in the form of green and red candle backgrounds. This alert is best used in conjunction with the main crossovers and should be considered an addition level of confidence rather than providing trade entry/exits directly. This indicator is more flexible and you should feel free to adjust the period if you find a different value works better within your own personal trading style.
Each individual element of this indicator can be modified or toggled, providing maximum customization. While you should strive to become comfortable with the default settings, these options are provided in case you feel the need to adjust for your own style (or if testing on tickers other than SPY, for example).
Goodluch, and happy trading!
Cari dalam skrip untuk "moving averages"
Multi Time Frame Moving AveragesThis is a multi time frame moving averages where you can see a specific moving average from a higher or lower time frame without changing the chart.
Contextual Moving AveragesThis indicator customizes moving averages, allowing you to show or hide them on specific timeframes.
Lets say you want to show MA8 on the 5m timeframe but not on the Daily timeframe , now you can!
You can also timeframe lock a moving average and see it on the other timeframes, for example: You would like to see the Daily MA20 on the all other timeframes.
If you think that the indicator parameters texts are too long when viewing charts, right click on the indicator name and unclick "Show Indicator Arguments"
Customisable Moving Averages x5This is a Moving Averages pack with 5 lines.
This indicator is different from others because with it you can select the MA type used in calculations for each line.
Available MA types are (currently):
SMA
EMA
WMA
VWMA
RMA
HMA
Also configurable (for each line) are data source (open, close, hlc3, etc) and period.
Daily Moving Averages on smaller timeframeHi everybody, I've made an enhanced version of this indicator published by @veryevilone.
Here's the things I've added:
Now you can choose the type of the moving average between SMA and EMA.
Now you can have up to three moving averages, each with its own settings.
Now you can choose if the datas come from high, low or close.
Hope you enjoy this.
Daily Moving Averages on Intraday ChartShows the Daily Simple Moving Averages on the Intraday Chart
This will include the 200 day SMA, 50 day SMA and 20 day SMA automatically on the intraday chart.
Daily SMA time periods can be adjusted in the settings.
Based on the following script:
Multi Timeframe Moving Averages This indicator allows you to view a moving average ( EMA or SMA ) of your choosing on other time frames than what you are currently on. You just need to edit the script and plot MAs that you want to see.
This is based on awesome work of @millerrh at but now instead of read inputs, I just plot what I desire with correct labels.
The reason I used that was that I wanted to see daily MAs in 15min, 5min and 1min charts.
To use the script add to your chart and edit it, you can add or remove any MA you want at end of file and then add it to your chart again.
The code off course is open source.
Common Moving averages ( 4 EMA + 3 SMA)Common moving averages used are included in the script. Customize them as per your wishes.
MA's set as default are
21 EMA
50 EMA , SMA
100 EMA , SMA
200 EMA , SMA
Please favorite it if you like it! Thanks!
10 Simple Moving Averages With Colors10 Simple Moving Averages With Colors change When It's below or above the price
Scripting Tutorial 5 - Triple Many Moving Averages CrossoversThis script is for a triple moving average indicator where the user can select from different types of moving averages and periods. This script improves upon tutorial 3 by adding source selection for MAs and another option for an MA that is not built-in, the HMA . It is meant as an educational script with well formatted styling, and references for specific functions.
Scripting Tutorial 4 - Triple Many Moving Averages ImprovedThis script is for a triple moving average indicator where the user can select from different types of moving averages and periods. This script improves upon tutorial 3 by adding source selection for MAs and another option for an MA that is not built-in, the HMA. It is meant as an educational script with well formatted styling, and references for specific functions.
MikeD10375 Fibonacci Moving Averages6 Exponential Moving Average Lines attached to Fibonacci Numbers along with 3 Simple Moving Averages using the popular 50,100, and 200 standard.
Exponential Moving Averages Major Exponential Moving Averages as a single indicator for trading view
the showline = true/false shows/hides the price line of the moving average
Triple Moving Averages with Bollinger BandsCombines 3 moving averages with Bollinger Bands. Each moving average can be configured to be SMA or EMA.
QEMA - Quadruple Moving Averages (50,100,200,300)The script combines the common moving averages 50,100 and 200 and adds an additional MA300 to the graph.
zz 1d moving averages // show my favorite moving averages on any time frame
// 1 day 200 SMA
// 1 day 50 SMA
// 1 day 20 EMA
// The 20 simple moving average can be a bit eratic so I use EMA to smooth it out
5 Moving Averages (SMA, EMA)5 moving averages in 1 indicator. Choose between SMA and EMA for each moving average.
Seven Simple Moving AveragesBy default, this script overlays seven simple moving averages (5, 10, 20, 50, 100, 150, 200) and allows you to customize the SMA values as you wish. If a candle closes at or above a moving average, the plot for that SMA is colored green for that candle otherwise it's red.
All in one Moving Averages SIMPLIFIEDSame as All in one Moving Averages, but HMAs used are 55 & 80 and they are combined in just 1 moving average
Exponential Moving AveragesCreated by using the Simple Moving Average indicator created by stocksinboxx
Plots four Exponential Moving Averages on a chart. (9, 20, 50, 200)
Philakone style four Moving AveragesThis script provides 4 moving averages (8, 13, 21, and 55) consistent with Philakone's moving average tutorial.
Four Moving Averagesa moving average script that will plot 4 moving averages (with a single indicator), and you can toggle between EMA and SMA
Colours are chosen from ColorBrewer by Cyhnthia github.com
Triple Simple Moving AveragesBased on AdventTrading's TEMA script, but using simple moving averages instead of exponential. Also changed the colours to be nicer.
