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Indicator · Pine Script v5 · Own pane

J8 30 123 Spy Scalping Lower Pro

by g-moe· code credited to goodgains

This lower-pane indicator tracks a custom Supertrend built from ATR and a selectable average, then colors trend states such as rising, bear, pretrend, overbought, and oversold.

View on GitHub

GitHub stars3on the repository
Pine versionv5runs as is
Lines of code443
Settings40inputs
LicenceNone statedfile: MPL-2.0
Last update5 months ago27 May 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

443 lines of Pine Script v5 from Tradingview/j8-30-123-spy-scalping-lower-pro-2-jerry-v2.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.

j8-30-123-spy-scalping-lower-pro-2-jerry-v2.pine 
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © goodgains


//@version=5
indicator("J8_30_123_Spy_Scalping_Lower_Pro_2_Jerry_V2", overlay=false)

// @keywords: multi-timeframe-supertrend, rsi-panel, ema-trend-dashboard, macd-dot-momentum, iron-condor-labels, bull-put-spread, bear-call-spread, zlsma-exit, lower-pane-indicator, mtf-st-alignment, options-spread-alerts, delta-target-settings, paint-bars-trend, dashboard-table, thirty-sixty-minute-st, one-minute-st, spread-sizing-labels, overbought-oversold-rsi, scalp-criteria-panel, credit-spread-signals


// function to calculate supertrend side
f_mtf_st(st_mult, atr_length, st_type) =>

    float mtf_atr = switch st_type
        "MA" => ta.sma(ta.tr(false), atr_length)
        "WMA" => ta.wma(ta.tr(false), atr_length)
        "VWMA" => ta.vwma(ta.tr(false), atr_length)
        "EMA" => ta.ema(ta.tr(false), atr_length)
        "HMA" => ta.hma(ta.tr(false), atr_length)

    mtf_up = hl2 + (st_mult * mtf_atr)
    mtf_down = hl2 + (-st_mult * mtf_atr)
    
    var float mtf_st = na
    mtf_st := close < mtf_st[1] ? mtf_up : mtf_down

    var int mtf_st_side = na
    mtf_st_side := close > mtf_st ? 1 : close < mtf_st ? -1 : mtf_st_side[1]

    mtf_st_side



// ma function
getMA(src, len, type) =>
    ma_value = type == 'MA' ? ta.sma(src, len) : type == 'WMA' ? ta.wma(src, len) : type == 'VWMA' ? ta.vwma(src, len) : type == 'EMA' ? ta.ema(src, len) : type == 'HMA' ? ta.hma(src, len) : ta.sma(src, len)
    ma_value



// inputs
input_price = input.source(close, title = 'Price', group = 'Settings', inline = '1')
paint_bars = input.bool(true, title = 'Paint Bars', group = 'Settings', inline = '3', 
     tooltip = 'Yes to PAINT the trend candlesticks.  Default YES')
use_alerts = input.bool(true, title = 'Use Alerts', group = 'Settings', inline = '4', 
     tooltip = 'Default NO. Turns on alert for Bear and Bull Spreads.')
hide_dashboard = input.bool(false, title = 'Hide Dashboard', group = 'Settings', inline = '6', 
     tooltip = 'Default NO')
use_which_spread_labels = input.bool(true, title = 'Use Which Spread Labels', group = 'Settings', inline = '7', 
     tooltip = 'Turns main scalper labels on or off. Default YES')


// color inputs
up_color = input.color(color.green, title = 'Up⠀⠀⠀⠀⠀⠀', group = 'Color Settings', inline = '1')
dn_color = input.color(color.red, title = '⠀⠀⠀⠀⠀⠀Down⠀⠀⠀⠀⠀⠀', group = 'Color Settings', inline = '1')
label_color = input.color(#ffffff, title = 'Label⠀⠀⠀⠀', group = 'Color Settings', inline = '2')
transition_color = input.color(color.yellow, title = '⠀⠀⠀⠀⠀⠀Transition⠀⠀⠀', group = 'Color Settings', inline = '2')

maxxed_color = input.color(color.new(#32C8FF, 0),  title = 'Maxxed⠀⠀⠀', group = 'Color Settings', inline = '3')
rising_color = input.color(color.new(#00FF00, 0),  title = '⠀⠀⠀⠀⠀⠀Rising⠀⠀⠀⠀⠀', group = 'Color Settings', inline = '3')
bear_color = input.color(color.new(#E10000,0),  title = 'Bear⠀⠀⠀⠀⠀', group = 'Color Settings', inline = '4')
pretrend_color = input.color(color.new(#C87DFF,0),  title = '⠀⠀⠀⠀⠀⠀Pretrend⠀⠀⠀', group = 'Color Settings', inline = '4')

ob_color = input.color(color.new(#ABABE1,0),  title = 'OB⠀⠀⠀⠀⠀⠀', group = 'Color Settings', inline = '5')
os_color = input.color(color.new(#DCDC80,0),  title = '⠀⠀⠀⠀⠀⠀OS⠀⠀⠀⠀⠀⠀⠀', group = 'Color Settings', inline = '5')


// iron condor settings
delta_target_low = input.float(0.15, title = 'Delta Target Low', group = 'Iron Condor Settings', 
     tooltip = 'Recommended Delta for Spread you are SELLING. Goal is Risk about $70 to make $30. Default = .15')

delta_target_high = input.float(0.25, title = 'Delta Target High', group = 'Iron Condor Settings', 
     tooltip = 'Recommended Delta for Spread you are SELLING. Goal is Risk about $70 to make $30. Default = .25')

spreads_credit_target = input.float(0.20, title = 'Spread Credit Target', group = 'Iron Condor Settings', 
     tooltip = 'Normally .20 - .25. Goal Risk $70 to Make $30. This will vary based on VIX volatility so adjust it as needed based on the current market')

spreads_size = input.float(10.00, title = 'Spread Size', group = 'Iron Condor Settings', 
     tooltip = 'How big of a spread do you want? Default=10. If entering later (> 12:00 PM) consider 8')
     
wings = input.float(1.00, title = 'Wings', group = 'Iron Condor Settings',
      tooltip = 'How big is each wing? Default 1 (Small wings = smaller profits with higher probability) >>NORMALLY .1-.3 DELTA<<')

IC_Buy_Put2   = math.round(close, 0) - (spreads_size / 2) 
IC_Sell_Puts2 = math.round(close, 0) - (spreads_size / 2 - wings)
IC_Sell_Call2 = math.round(close, 0) + (spreads_size / 2 - wings)
IC_Buy_Call2 = math.round(close, 0) + (spreads_size / 2)
Width = spreads_size - (2 * (wings))



// criteria 1 supertrend
chart_st_mult = input.float(1.0, title = 'Mult', group = 'Chart Supertrend', inline = '1',
     tooltip = 'Default = 1.0')

chart_st_atr_length = input.int(4, title = 'ATR Length', group = 'Chart Supertrend', inline = '2',
     tooltip = 'Default = 4')

chart_st_avgtype = input.string(title='AvgType ST', defval='HMA', options=['MA', 'WMA', 'VWMA', 'EMA', 'HMA'],
     group = 'Chart Supertrend', inline = '3', tooltip = 'Default = HULL')

chart_st_side = request.security(syminfo.tickerid, "", f_mtf_st(chart_st_mult, chart_st_atr_length, chart_st_avgtype))

barcolor(not paint_bars ? na : chart_st_side == 1 ? up_color : chart_st_side == -1 ? dn_color : color.gray)



// limit count
show_arrows = input.bool(false, title = 'Show Arrows', group = 'Settings', inline = '4', tooltip = 'Shows most recent cross over when price crosses the trend.')
limit_arrow_count = input.int(2, title = '' ,group = 'Settings', inline = '4', minval = 0)
var arr_arrows = array.new_label(limit_arrow_count, na) 

show_arrowbubble = input.bool(false, title = 'Show Bubbles', group = 'Settings', inline = '5', tooltip = 'Default NO.')
var arr_arrowsbubble = array.new_label(limit_arrow_count, na) 

if show_arrows
    if ta.crossover(chart_st_side, 0)
        array.unshift(arr_arrows, label.new(x = bar_index, y = low, xloc = xloc.bar_index, yloc = yloc.belowbar, color = up_color, style = label.style_triangleup, size = size.small))
        last = array.pop(arr_arrows)
        label.delete(last)
    if ta.crossunder(chart_st_side, 0)
        array.unshift(arr_arrows, label.new(x = bar_index, y = low, xloc = xloc.bar_index, yloc = yloc.abovebar, color = dn_color, style = label.style_triangledown, size = size.small))
        last = array.pop(arr_arrows)
        label.delete(last)

if show_arrowbubble
    if ta.crossover(chart_st_side, 0)
        array.unshift(arr_arrowsbubble, label.new(x = bar_index, y = low, xloc = xloc.bar_index, yloc = yloc.belowbar, color = up_color, style = label.style_label_up, size = size.small, text = str.tostring(high[1])))
        last = array.pop(arr_arrowsbubble)
        label.delete(last)
    if ta.crossunder(chart_st_side, 0)
        array.unshift(arr_arrowsbubble, label.new(x = bar_index, y = low, xloc = xloc.bar_index, yloc = yloc.abovebar, color = dn_color, style = label.style_label_down, size = size.small,text = str.tostring(low[1])))
        last = array.pop(arr_arrowsbubble)
        label.delete(last)



// mtf supertrend 
mtf1_st_mult = 1.0
mtf1_st_atr_length = 4
mtf1_st_avgtype = 'HMA'
mtf1_st_timeframe = '30'

mtf2_st_mult = 1.0
mtf2_st_atr_length = 4
mtf2_st_avgtype = 'HMA'
mtf2_st_timeframe = '60'

mtf1_st_side = request.security(syminfo.tickerid, mtf1_st_timeframe, f_mtf_st(mtf1_st_mult, mtf1_st_atr_length, mtf1_st_avgtype)[1],
 lookahead = barmerge.lookahead_on)
mtf2_st_side = request.security(syminfo.tickerid, mtf2_st_timeframe, f_mtf_st(mtf2_st_mult, mtf2_st_atr_length, mtf2_st_avgtype)[1],
 lookahead = barmerge.lookahead_on)



// criteria 2 ema trend direction
ema_length1 = input.int(13, title = 'EMA Length 1', group = 'EMA Trend Settings', inline = '1', tooltip = 'Default 13 scalping. Can try 10 for scalping')
ema_length2 = input.int(50, title = 'EMA Length 2', group = 'EMA Trend Settings', inline = '2', tooltip = 'Default 50 scalping. Long Term 50, 100, 200. Short Term = 2, 5, 8, 20')
ema_length3 = input.int(75, title = 'EMA Length 3', group = 'EMA Trend Settings', inline = '3', tooltip = 'Default 75 scalping. Try 100 for fewer signals')
avgtype_EMA = input.string(title ='Avg Type', defval='EMA', options=['MA', 'WMA', 'VWMA', 'EMA', 'HMA'], group = 'EMA Trend Settings', inline = '4')

ma1 = getMA(input_price, ema_length1, avgtype_EMA)
ma2 = getMA(input_price, ema_length2, avgtype_EMA)
ma3 = getMA(input_price, ema_length3, avgtype_EMA)

plot(ma1, title = 'MA 1', color = color.aqua, display = display.none)
plot(ma2, title = 'MA 2', color = color.red, display = display.none)
plot(ma3, title = 'MA 3', color = color.fuchsia, display = display.none)



// ema condition statement
// #----- Bullish Criteria
ECondition1 = ma1 > ma2 and ma1 > ma3 ? 1 : 0
Econdition2 = ma2 > ma3 ? 1 : 0
Econdition3 = ma1 > ma1[1] and ma1[1] > ma1[2] ? 1 : 0
Econdition4 = ma2 > ma2[1] ? 1 : 0
Econdition5 = ma3 > ma3[1] ? 1 : 0
ECondition6 = close > ma1 ? 1 : 0

// #----- Bearish Criteria
ECondition10 = ma1 < ma2 and ma1 < ma3 ? 1 : 0
Econdition11 = ma2 < ma3 ? 1 : 0
Econdition12 = ma1 < ma1[1] and ma1[1] < ma1[2] ? 1 : 0
Econdition13 = ma2 < ma2[1] ? 1 : 0
Econdition14 = ma3 < ma3[1] ? 1 : 0
ECondition15 = close < ma1 ? 1 : 0

// #----- For Bullish & Bearish labels only = This is to LOOK FOR BULLISH OR BEARiSH 
bullish_label =  ma1 > ma2 and ma2 > ma3 and ma1 > ma3
bearish_label =  ma1 < ma2 and ma2 < ma3 and ma1 < ma3

// #----- Criteria 2.1 12/27 change ma1 > ma[1] for fastest EMA. (Best One To Use)
EMA_Bullish =  ma1 > ma2 and ma1 > ma3 and ma1 > ma1[1] 
EMA_Bearish =  ma1 < ma2 and ma1 < ma3 and ma1 < ma1[1] 



// criteria 3 rsi
show_RSI_label = input.bool(false, title = 'Show RSI Label', group = 'RSI Settings', inline = '1', tooltip = 'Default No')
rsi_ob = input.int(70, title = 'RSI OB', group = 'RSI Settings', inline = '2', tooltip = 'Default 70. Consider entering spreads between  ? OB and OS range.')
rsi_os = input.int(35, title = 'RSI OS', group = 'RSI Settings', inline = '2', tooltip = 'Default 70. Consider entering spreads between  ? OB and OS range.')
rsi_length = input.int(12, title = 'RSI Length', group = 'RSI Settings', inline = '2', tooltip = 'Default 12. Consdier 14 for testing')

rsi_value = ta.rsi(input_price, rsi_length)
rsi_plot = plot(rsi_value, title = 'RSI', 
 color = rsi_value > rsi_ob ? maxxed_color : rsi_value < rsi_os ? pretrend_color : rsi_value > rsi_value[1] ? rising_color : bear_color,
 display = display.all, linewidth = 2)
ob_plot = plot(rsi_ob, title = 'Overbought', display = display.all, color = ob_color)
os_plot = plot(rsi_os, title = 'Oversold', display = display.all, color = os_color)
mid = plot(50.00, title = 'Mid', color = color.gray)

fill(rsi_plot, ob_plot, color = rsi_value >= rsi_ob ? color.new(maxxed_color,50) : na)
fill(rsi_plot, os_plot, color = rsi_value <= rsi_os ? color.new(pretrend_color,50) : na)

plotshape(ta.crossover(rsi_value, rsi_os) ? rsi_os : na, title = 'Up Arrow', color = color.green,
  style = shape.triangleup, location = location.absolute, size = size.small)
plotshape(ta.crossunder(rsi_value, rsi_ob) ? rsi_ob : na, title = 'Down Arrow', color = color.red,
  style = shape.triangledown, location = location.absolute, size = size.small)

rsi_condition = rsi_value > rsi_ob ? 1 : rsi_value < rsi_os ? 2 : rsi_value > rsi_value[1] ? 3 : 4

RSI_Maxxed = rsi_condition == 1
RSI_Pretrend = rsi_condition == 2
RSI_Bullish = rsi_condition == 3
RSI_Bearish = rsi_condition == 4

rsi_label = RSI_Maxxed ? "*3RSI Max Bull"
 : RSI_Pretrend ? "*3RSI RSI Max Bear"
 : RSI_Bullish and rsi_value >= 50 ? "*3RSI Bull " + str.tostring(math.round(rsi_value,1))
 : RSI_Bullish and rsi_value < 50 ? "*3RSI ↑ " + str.tostring(math.round(rsi_value,1))
 : RSI_Bearish and rsi_value < 49.99 ? "*3RSI Bear " + str.tostring(math.round(rsi_value,1))
 : RSI_Bearish and rsi_value >= 50 ? "*3RSI ↓ " + str.tostring(math.round(rsi_value,1))
 : "???"

rsi_label_color = RSI_Maxxed ? color.new(#3be78c, 0)
 : RSI_Pretrend ? color.new(#e48080, 0)
 : RSI_Bullish and rsi_value >= 50 ? rising_color
 : RSI_Bullish and rsi_value < 50 ? bear_color
 : RSI_Bearish and rsi_value < 49.99 ? bear_color
 : RSI_Bearish and rsi_value >= 50 ? rising_color
 : color.gray



// ZLSMA Exit
length_Z_exit = input.int(50, title = 'Z Exit Length', group = 'ZLSMA Settings', inline = '1')
length2_Z_exit = input.int(5, title = 'Z Exit Length 2', group = 'ZLSMA Settings', inline = '2')

lsma = ta.linreg(close, length_Z_exit,0)
lsma2 = ta.linreg(lsma, length_Z_exit,0)
b = lsma - lsma2
z_2 = lsma + b
trig2 = ta.ema(z_2, length2_Z_exit)

ZLSMA_Bearish = z_2 < trig2
ZLSMA_Bullish = z_2 > trig2


// criteria 4 macd dots 
bb_length = input.int(10, title = 'BB Length', group = 'MACD Dots', inline = '1', tooltip = 'Default 10')
bb_dev = input.float(1.0, title = 'BB Deviation', group = 'MACD Dots', inline = '2', tooltip = 'Default 1')
macd_fast = input.int(12, title = 'MACD Fast', group = 'MACD Dots', inline = '3', tooltip = 'Default 12')
macd_slow = input.int(26, title = 'MACD Slow', group = 'MACD Dots', inline = '4', tooltip = 'Default 26')
macd_length = input.int(5, title = 'MACD Length', group = 'MACD Dots', inline = '5', tooltip = 'Default 5')
show_macd_dot = input.bool(false, title = 'Show MACD Dot', group = 'MACD Dots', inline = '6', tooltip = 'Default NO')
IC_MACDDotValue = input.float(0.25, title = 'IC MACD Dot Value', group = 'MACD Dots', inline = '7', 
     tooltip = 'MACD dots must be between this value and the - value. Default .25')
IC_MACDDotEXITValue = input.float(0.50, title = 'IC MACD Dot Value', group = 'MACD Dots', inline = '8',
     tooltip = 'Consider exiting iron condor if above this value.')
use_ic_alerts = input.bool(false, title = 'Iron Condor Alerts', group = 'MACD Dots', inline = '9')

[MACD_Line, signalLine, histLine] = ta.macd(close, macd_fast, macd_slow, macd_length)
[BB_middle, BB_Upper, BB_Lower] = ta.bb(MACD_Line, bb_length, bb_dev)


plot(MACD_Line, title = 'MACD Dots', display = display.none, 
     color = MACD_Line > MACD_Line[1] and MACD_Line > BB_Upper and MACD_Line < 0 ? color.yellow 
     : MACD_Line > MACD_Line[1] and MACD_Line > 0 ? color.green 
     : MACD_Line < MACD_Line[1] and MACD_Line > BB_Upper ? color.new(#097209,0) 
     : MACD_Line < MACD_Line[1] and MACD_Line < BB_Lower ? color.red 
     : MACD_Line > MACD_Line[1] and MACD_Line < BB_Lower ? color.new(#8a0a0a,0) 
     : color.gray)
plot(MACD_Line, title = 'MACD Line', display = display.none)

plot(BB_middle, title = 'BB Middle', display = display.none)
plot(BB_Upper, title = 'BB Upper', display = display.none)
plot(BB_Upper, title = 'BB Lower', display = display.none)


// #----- Jerry MACD Dot Color: 1 = yellow, 2 = green, 3 = dark green, 4 = red, 5 = dark red, 6 = gray
MACD_Dot_Color = MACD_Line > MACD_Line[1] and MACD_Line > BB_Upper and MACD_Line < 0  ? 1 
     : MACD_Line > MACD_Line[1] and MACD_Line > BB_Upper and MACD_Line > 0  ? 2
     : MACD_Line < MACD_Line[1] and MACD_Line > BB_Upper  ? 3
     : MACD_Line < MACD_Line[1] and MACD_Line < BB_Lower  ? 4 
     : MACD_Line > MACD_Line[1] and MACD_Line < BB_Lower  ? 5 
     : 6


// #----- MACD Dot Color used for determining momentum
MACD_dot_not_red = MACD_Dot_Color != 4 and MACD_Dot_Color != 5
// #MACD_dot_not_green = macd_Dot_Color != 2 and macd_Dot_Color != 3 and macd_Dot_Color != 1  #and yellow
MACD_dot_not_green = MACD_Dot_Color > 3

MACDDot0 = MACD_Line > -IC_MACDDotValue and MACD_Line < IC_MACDDotValue
MACDDot1 = MACDDot0[1]
MACDDot2 = MACDDot0[2]
MACDDot3 = MACDDot0[3]
MACDDot4 = MACDDot0[4]

// / #----- Criteria 4 Iron Condor Condition. APPLIES ONLY TO SPY Ticker
Spy_IC = syminfo.ticker(syminfo.tickerid)  == "SPY" ? true : false

IronCondor = Spy_IC and MACDDot0 and MACDDot1 and MACDDot2 and MACDDot3 and MACDDot4
Exit_Iron_Condor = Spy_IC and ta.crossover(MACD_Line,IC_MACDDotEXITValue)
ic_label = Exit_Iron_Condor ? "Exit IC"
     : na 
ic_label_color = IronCondor ? color.white 
     : Exit_Iron_Condor ? color.red
     : color.gray

if use_ic_alerts and barstate.islast
    if IronCondor
        alert('Iron Condor Entry', alert.freq_once_per_bar_close)
    if Exit_Iron_Condor
        alert('Exit Iron Condor', alert.freq_once_per_bar_close)




// criteria 5 1minute
min1_st_mult = 1.0
min1_st_atr_length = 4
min1_st_avgtype = 'HMA'
min1_st_timeframe = '1'
min1_st_array = request.security_lower_tf(syminfo.tickerid, min1_st_timeframe, f_mtf_st(min1_st_mult, min1_st_atr_length, min1_st_avgtype))

var float min1_st_side = na
min1_st_side := array.size(min1_st_array) > 0 ? array.last(min1_st_array) : 0
// bgcolor(min1_st_side == 1 ? color.new(color.green,50) : min1_st_side == -1 ? color.new(color.red,80) : na)
// label.new(bar_index, high, str.tostring(min1_st_array))



// define spreads and condor 
Bull_Put_Spread = EMA_Bullish and chart_st_side == 1 and rsi_value >= 50 and MACD_dot_not_red and mtf1_st_side == 1 and min1_st_side == 1
Bear_Call_Spread = EMA_Bearish and chart_st_side == -1 and rsi_value <= 50 and MACD_dot_not_green and mtf1_st_side == -1 and min1_st_side == -1

look_for_iron_condor = input.bool(true, title = 'Look For Iron Condor', group = 'Settings', inline = '10')

iron_condor_label = Spy_IC and IronCondor and look_for_iron_condor ? 
 ("IC $" 
 + str.tostring(spreads_size) + " Spread $" 
 + str.tostring(Width)  + " Wide $" 
 + str.tostring(wings)  + " Wings"+ " | B" 
 + str.tostring(IC_Buy_Call2)  + "c S" 
 + str.tostring(IC_Sell_Call2)  + "c | S" 
 + str.tostring(IC_Sell_Puts2)  + "p B" 
 + str.tostring(IC_Buy_Put2)  + "p | Max_P CLOSE $" 
 + str.tostring(IC_Sell_Puts2) + "-$" 
 + str.tostring(IC_Sell_Call2) 
 + " | Delta " + str.tostring(delta_target_low) + str.tostring(-delta_target_high)
 + " | Credit " + str.tostring(spreads_credit_target))
 : Bull_Put_Spread ? 
 ("Bull Put Credit SPREAD: Sell -" + str.tostring(delta_target_low) 
 + " to -" + str.tostring(delta_target_high) + " delta PUT & Buy PUT $1 lower | " 
 + str.tostring(spreads_credit_target) + " Credit")
 : Bear_Call_Spread ?
 ("Bear Call Credit SPREAD: Sell " + str.tostring(delta_target_low) 
 + " to -" + str.tostring(delta_target_high) + " delta CALL & Buy CALL $1 higher | " 
 + str.tostring(spreads_credit_target) + " Credit")
 : "No Clear Signal"

iron_condor_color = Spy_IC and IronCondor ? color.gray 
     : Bull_Put_Spread ? color.rgb(136, 255, 140)  
     : Bear_Call_Spread ? color.orange
     : color.aqua



// look for bull / bear entry
mtf1_label_text = mtf1_st_side == 1 ? '30 Look Bull Entry'
 : mtf1_st_side == -1  ? '30 Look Bear Entry' 
 : na
mtf1_label_color =  color.white


if use_alerts and barstate.islast
    if Bear_Call_Spread 
        alert("SELL: Bear CALL Credit Spread", alert.freq_once_per_bar_close)
    if Bull_Put_Spread 
        alert("SELL: Bull PUT Credit Spread", alert.freq_once_per_bar_close)

// DASHBOARD
LabelSize = input.string(defval="small", options=["small", "medium", "large"], group = "Dashboard Settings", title = "Label Size", inline = '1')
label_size = LabelSize == "small" ? size.small : LabelSize == "medium" ? size.normal : LabelSize == "large" ? size.large : size.small
dashboard_text_color = input.color(color.new(#000000, 0 ), "Text Color", group = "Dashboard Settings", inline = '2')
var table d = table.new(position.bottom_right, 20, 5, border_width = 1, frame_color = #000000)

if (barstate.islast)
    if not hide_dashboard
        table.cell(d, 0, 0, text = "30-123:", width = 0, bgcolor = label_color,
         text_size = label_size, text_color = dashboard_text_color)
        table.cell(d, 1, 0, text = mtf1_st_timeframe, width = 0, 
         bgcolor = mtf1_st_side == 1 ? up_color : mtf1_st_side == -1 ? dn_color : transition_color,
         text_size = label_size, text_color = dashboard_text_color)
        table.cell(d, 2, 0, text = mtf2_st_timeframe, width = 0, 
         bgcolor = mtf2_st_side == 1 ? up_color : mtf2_st_side == -1 ? dn_color : transition_color,
         text_size = label_size, text_color = dashboard_text_color)
        table.cell(d, 3, 0, text = "*1", width = 0, 
         bgcolor = chart_st_side == 1 ? up_color : chart_st_side == -1 ? dn_color : transition_color,
         text_size = label_size, text_color = dashboard_text_color)
        table.cell(d, 5, 0, text = rsi_label, width = 0, 
         bgcolor = rsi_label_color,
         text_size = label_size, text_color = dashboard_text_color)


    if show_macd_dot
        table.cell(d, 8, 0, text = "MACD Dot = " + str.tostring(math.round(MACD_Line,3)), width = 0, 
         bgcolor = color.white,
         text_size = label_size, text_color = dashboard_text_color)


    if use_which_spread_labels
        table.cell(d, 10, 0, text = iron_condor_label, width = 0, 
         bgcolor = iron_condor_color,
         text_size = label_size, text_color = dashboard_text_color)

    table.cell(d, 4, 0, text = "*2MA", width = 0, 
     bgcolor = EMA_Bullish ? up_color : EMA_Bearish ? dn_color : transition_color,
     text_size = label_size, text_color = dashboard_text_color)
    table.cell(d, 6, 0, text = "4Z", width = 0, 
     bgcolor = ZLSMA_Bullish ? up_color : ZLSMA_Bearish ? dn_color : transition_color,
     text_size = label_size, text_color = dashboard_text_color)
    table.cell(d, 7, 0, text = "1min", width = 0, 
     bgcolor = min1_st_side == 1 ? up_color : min1_st_side == -1 ? dn_color : color.gray,
     text_size = label_size, text_color = dashboard_text_color)
    table.cell(d, 9, 0, text = ic_label, width = 0, 
     bgcolor = ic_label_color,
     text_size = label_size, text_color = dashboard_text_color)
    table.cell(d, 11, 0, text = mtf1_label_text, width = 0, 
     bgcolor = mtf1_label_color,
     text_size = label_size, text_color = dashboard_text_color)

Overview

J8 30 123 Spy Scalping Lower Pro can paint bars, plot optional arrows, and show a dashboard of EMA lengths and scalp criteria. Labels and alerts cover bull and bear credit-spread ideas using delta, credit, size, and wing inputs. It is aimed at SPY-style scalping and does not place trades or define a stop loss.

Details

Published by

g-moe on GitHub

Code credit

goodgains, as written in the script's header

Type

Indicator, Pine Script v5

Draws

Separate pane below the chart

Category

Trend, Oscillators & momentum, Screeners & dashboards, Scalping

Markets

Stocks

Timeframes

M1-M5, M15-H1

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

File

Tradingview/j8-30-123-spy-scalping-lower-pro-2-jerry-v2.pine

Repository

github.com/g-moe/Trading-Indicators. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
Pricesourcecloseinput_price
Paint Barsbooltruepaint_bars
Use Alertsbooltrueuse_alerts
Hide Dashboardboolfalsehide_dashboard
Use Which Spread Labelsbooltrueuse_which_spread_labels
Up⠀⠀⠀⠀⠀⠀colorcolor.greenup_color
⠀⠀⠀⠀⠀⠀Down⠀⠀⠀⠀⠀⠀colorcolor.reddn_color
Label⠀⠀⠀⠀color#fffffflabel_color
⠀⠀⠀⠀⠀⠀Transition⠀⠀⠀colorcolor.yellowtransition_color
Maxxed⠀⠀⠀colorcolor.new(#32C8FF, 0)maxxed_color
⠀⠀⠀⠀⠀⠀Rising⠀⠀⠀⠀⠀colorcolor.new(#00FF00, 0)rising_color
Bear⠀⠀⠀⠀⠀colorcolor.new(#E10000,0)bear_color
Show all 40 settings
SettingTypeDefaultVariable
⠀⠀⠀⠀⠀⠀Pretrend⠀⠀⠀colorcolor.new(#C87DFF,0)pretrend_color
OB⠀⠀⠀⠀⠀⠀colorcolor.new(#ABABE1,0)ob_color
⠀⠀⠀⠀⠀⠀OS⠀⠀⠀⠀⠀⠀⠀colorcolor.new(#DCDC80,0)os_color
Delta Target Lowfloat0.15delta_target_low
Delta Target Highfloat0.25delta_target_high
Spread Credit Targetfloat0.20spreads_credit_target
Spread Sizefloat10.00spreads_size
Wingsfloat1.00wings
Multfloat1.0chart_st_mult
ATR Lengthint4chart_st_atr_length
AvgType STstringHMAchart_st_avgtype
Show Arrowsboolfalseshow_arrows
limit_arrow_countint2limit_arrow_count
Show Bubblesboolfalseshow_arrowbubble
EMA Length 1int13ema_length1
EMA Length 2int50ema_length2
EMA Length 3int75ema_length3
Avg TypestringEMAavgtype_EMA
Show RSI Labelboolfalseshow_RSI_label
RSI OBint70rsi_ob
RSI OSint35rsi_os
RSI Lengthint12rsi_length
Z Exit Lengthint50length_Z_exit
Z Exit Length 2int5length2_Z_exit
BB Lengthint10bb_length
BB Deviationfloat1.0bb_dev
MACD Fastint12macd_fast
MACD Slowint26macd_slow
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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