SPY Checker — Indicator by ATS-TRADING

candlestick ats spy analysis chartanalysis checker

Using this indicator allows you to check the SPY for large gaps and candles (e.g. >1%) directly in your stock chart at first glance.

It is now also possible to use this indicator for all stock charts and to get the SPY indication on them visible without opening the SPY chart explicitly.

You are able to display the SPY trendline in the current chart as an overlay (yellow line) and configure the SPY trendline adjustment in the indicator settings. This will allow you to determine if the current stock chart is following the SPY or not. And you can also select a trading stop for several days in the indicator settings, which is visible through the green and red background color.

Hope this helps many of you to be more efficient in your SPY verification - have fun!

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 ATS-TRADING 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.

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.

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