Credit Spreads Signals

This indicator is built to highlight higher-quality credit spread opportunities on the 1-hour timeframe with extended hours enabled. It combines trend, momentum, volatility and volume concepts to generate either PCS (Put Credit Spread) or CCS (Call Credit Spread) signals, then suggests a potential sell-leg zone based on recent price structure.

Under the hood, the script uses a mix of tools such as RSI, MACD, ATR-based volatility, relative volume and multi-timeframe trend context (including higher-timeframe behavior) to filter out weaker environments. Signals are only allowed during regular trading hours, are blocked on the final hour of the session, and are subject to internal cooldown rules to avoid over-trading.

A compact on-chart table shows the current signal type, a suggested sell-leg level, an estimate of average time between recent signals, and basic stats on how often prior suggested levels were reached. Optional visuals can plot the current recommended level directly on the chart.

This indicator is intended for educational and informational purposes only. It is not financial advice and should not be used as a standalone trading system. Always apply your own analysis, risk management and position sizing.