PROTECTED SOURCE SCRIPT
SPX Professional - EMA + RSI + Blue Targets
## **1. Indicator Description: SPX Professional**
The **"SPX Professional"** is a sophisticated technical analysis tool designed primarily for the **S&P 500 (SPX)**. It combines three critical market pillars: **Trend Identification**, **Momentum Filtering**, and **Volatility-based Price Targets**.
### **Key Features**
* **Smart Bar Coloring:** Candles dynamically change color to provide instant visual bias:
* **Green:** Strong Bullish Momentum (Price > EMAs and RSI > 50).
* **Red:** Strong Bearish Momentum (Price < EMAs and RSI < 50).
* **Gray:** Neutral or Consolidating Market.
* **Blue Fibonacci Targets:** Using Daily Pivot logic, the indicator automatically plots three blue upside targets and two downside support levels based on Fibonacci ratios (0.382, 0.618, and 1.000).
* **CALL/PUT Signals:** Automated entry shapes appear when the 9 EMA crosses the 21 EMA, filtered by the RSI to prevent entering trades during extreme overbought or oversold conditions.
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## **2. How to Use**
1. **Identify the Bias:** Observe the candle colors. Trade in the direction of the color (Buy when Green, Sell when Red).
2. **Entry Execution:** * **CALL Signal:** Look for the green triangle when the blue EMA crosses above the orange EMA.
* **PUT Signal:** Look for the red triangle when the blue EMA crosses below the orange EMA.
3. **Take Profit (Targets):** Use the blue dashed lines as your primary exit zones. **Target 1** is for conservative traders, while **Target 2 and 3** are for trend followers.
4. **Stop Loss:** A common practice is to place your stop loss behind the **Orange EMA (21)** or the most recent swing high/low.
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## **3. Important Disclaimer**
> **[ATTENTION]:** This indicator is designed as a **Trading Assistant only**. It is not a financial advisor, nor does it provide guaranteed buy/sell recommendations. Financial markets involve significant risk, and no technical tool can guarantee 100% accuracy. Users are solely responsible for their capital and should always combine this indicator with other forms of analysis, such as Support/Resistance levels and economic news.
The **"SPX Professional"** is a sophisticated technical analysis tool designed primarily for the **S&P 500 (SPX)**. It combines three critical market pillars: **Trend Identification**, **Momentum Filtering**, and **Volatility-based Price Targets**.
### **Key Features**
* **Smart Bar Coloring:** Candles dynamically change color to provide instant visual bias:
* **Green:** Strong Bullish Momentum (Price > EMAs and RSI > 50).
* **Red:** Strong Bearish Momentum (Price < EMAs and RSI < 50).
* **Gray:** Neutral or Consolidating Market.
* **Blue Fibonacci Targets:** Using Daily Pivot logic, the indicator automatically plots three blue upside targets and two downside support levels based on Fibonacci ratios (0.382, 0.618, and 1.000).
* **CALL/PUT Signals:** Automated entry shapes appear when the 9 EMA crosses the 21 EMA, filtered by the RSI to prevent entering trades during extreme overbought or oversold conditions.
---
## **2. How to Use**
1. **Identify the Bias:** Observe the candle colors. Trade in the direction of the color (Buy when Green, Sell when Red).
2. **Entry Execution:** * **CALL Signal:** Look for the green triangle when the blue EMA crosses above the orange EMA.
* **PUT Signal:** Look for the red triangle when the blue EMA crosses below the orange EMA.
3. **Take Profit (Targets):** Use the blue dashed lines as your primary exit zones. **Target 1** is for conservative traders, while **Target 2 and 3** are for trend followers.
4. **Stop Loss:** A common practice is to place your stop loss behind the **Orange EMA (21)** or the most recent swing high/low.
---
## **3. Important Disclaimer**
> **[ATTENTION]:** This indicator is designed as a **Trading Assistant only**. It is not a financial advisor, nor does it provide guaranteed buy/sell recommendations. Financial markets involve significant risk, and no technical tool can guarantee 100% accuracy. Users are solely responsible for their capital and should always combine this indicator with other forms of analysis, such as Support/Resistance levels and economic news.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.