ENIGMA + ALGOBOX script to trade SPY options both Intra-day and Swing

This strategy checks VIX levels and measures VIX momentum before entering a trade and VIX parameters can be adjusted in the strategy

It checks for daily resistance/support levels and does not enter a trade when the stock is near those levels

The default take profit is set at 200, which translates to a 2$ moves

Every signal it produces is actionable, go for call/put contracts 2-3 weekly expiry with 1-2% ITM or OTM

For example If SPY is trading at 437 and the algo gives a 'Buy call' signal, you can get a call/put expiring in 2-3 weeks with a strike price of either 435,436 or 438 or 439 with a holding period of 2-3 years ideally

Backtest has produced great results for this strategy
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 wetradealerts for more information, or follow the author's instructions below.

Please note that this is a private, invite-only script that was not analyzed by script moderators. Its compliance to House Rules is undetermined. 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.


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.

Author's instructions

The author of this script can no longer grant access to it. Please don't request access.

Want to use this script on a chart?

Warning: please read before requesting access.