This indicator is based on Volatility and Market Sentiment. When volatility is high, and market sentiment is positive, the indicator is in a low or 'buy state'. When volatility is low and market sentiment is poor, the indicator is high.
The indicator uses the VIX as it's volatility input.
The indicator uses the spread between the Call Volume on SPX/SPY and the...
strategy for emini S & P 500 futures - it's working with end of day data. There is one hour pause between days in eminis&p500 futures trading.
Ideal time to calculate signal - this strategy can be traded manualy or by automatic system.
slippage 1 (for more realistic)
fees 2,5$ per contract
Entry - day Open after signal is...
The idea for this started here: www.tradingview.com with the user @dime
This should only be used on SPX or SPY (though you could use it on other things for correlation I suppose) given that the instrument used to create this calculation is derived from the S&P 500 (thank you VIX). There's a lot of moving parts...