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.
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Script protegido
Esse script é publicada como código fechado. No entanto, você pode gerenciar suas escolhas de bate-papo. Por favor, abra suas Configurações do perfil
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.