S&P Trend Indicator

S&P Trend Indicator can be used to check current S&P 500 trend on chart. Once you add this indicator on your chart, it will overlay on your chart. You can see green up arrow and red down arrows.

To start using: Add ES1! (E-MINI S&P500 Futures current) on chart and then add indicator to chart. Note: This indicator only works for S&P 500 index .

You can take long position when arrow changes from "red down" to "green up"
You can take short position when arrow changes from "green up" to "red down"

You can also take new position in-between trend when there is a pull back of 2 or more candlesticks .

For Options trading you can buy SPY Calls for long and SPY Puts for short positions.

You can send a private message on TradingView to gain access.

or Use the link below to obtain access to this indicator
Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact simplisnp for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.


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