An intraday, volatility-driven indicator that suggests 0dte credit-spread management levels. It combines a market structure path with an alternate momentum-driven early-entry path to let traders either capture clean session breakouts or participate earlier when short-term momentum strongly favors one side. This script was specifically designed to be used on the 15 minute time frame tracking SPX. The signals produced are either a put credit spread (pcs) or call credit spread (ccs). It is strongly recommended to have a firm understanding of how credit spreads and options in general operate. Once a signal it triggered, the script will also show a recommended credit to target. You will then need to select option strikes that will achieve that credit. A confidence level is generated as well. This is determined by historical data and probability of success of closing out of the money (OTM).
Watch this video on how to use it https://www.youtube.com/watch?v=8_mB9ZgAcCQ&t=55s
T.I.M.E Indicators Since beginning my trading journey in 2019, I have evaluated a wide range of indicators, strategies, and decision-support tools. Among them, the T.I.M.E indicators stand out as one of the most valuable and practical additions to my trading process. What makes this suite especially...
Writing this Review after 15 days of using all the tools from Time Indicator: Spx 0dte indicator - it's my life changing indicator, my everyday entries, pnl everything is because of this. multi spread strategy - best swing indicator to enter trade for any ticker...