This indicator plots auto trade signals for E-mini S&P 500 futures on the price chart. It computes an EMA200 filter along with day ETH RTH session levels and percentage-based entry zones. Signals trigger CALL or PUT cases when price crosses defined thresholds
Indicator · Pine Script v5 · On the chart
ZeroDTE Wave v1
An overlay that marks reversal entries and exits for same-day index option trades on five-minute bars.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code585
Settings40inputs
LicenceNone stated
Last updateyesterday28 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Entries need a stochastic reversal cross, an EMA trend filter, a cooldown and a time window, and must pass a confluence score, a VIX stand-aside gate, an optional VWAP gate and a daily trade cap. Exits are labelled for stop, take profit, time or end of day, with paired numbered labels. Settings cover thresholds, volatility-scaled targets and manual event blackout. It is a visual mirror of the author's backend logic.
- Stochastic reversal entries with EMA trend filter
- Confluence score and VIX stand-aside gate
- Daily trade cap and cooldown
- Paired entry and exit labels
- Volatility-scaled take profit option
Details
Published by
xynkro on GitHub
Type
Draws
On the price chart
Category
Markets
Timeframes
M1-M5
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Min confluence score (out of 6) | int | 3 | minConfluence |
| Full-size threshold (out of 6) | int | 4 | fullSizeConf |
| Max trades per day | int | 3 | maxTradesPerDay |
| Macro blackout (FOMC/CPI day) | bool | false | manualBlackout |
| VIX symbol | string | CBOE:VIX1D | vixSymbol |
| VIX stand-aside threshold | float | 22.0 | vixStandAside |
| Max extension from EMA10 (%) | float | 0.30 | extensionPct |
| Vol-scaled TP (ATR-based) | bool | true | useVolScaledTp |
| TP = N x ATR(D1) | float | 0.4 | tpAtrMult |
| Same-bar exit guard (TP/TIME) | bool | true | sameBarGuard |
| Mid-session vol re-gate | bool | true | midSessionRegate |
| Mid-session vol multiplier | float | 2.0 | midVolMult |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| VWAP gate (canonical mean-rev) | bool | true | useVwapGate |
| Prime window start hour ET | int | 10 | primeWinStartH |
| Prime window start min ET | int | 30 | primeWinStartM |
| Prime window end hour ET | int | 13 | primeWinEndH |
| Prime window end min ET | int | 0 | primeWinEndM |
| Suppress counter-trend signals | bool | true | useTrendFilter |
| EMA fast length | int | 10 | emaFastLen |
| EMA slow length | int | 30 | emaSlowLen |
| Trend spread threshold (pct) | float | 0.05 | trendThresholdPct |
| Stoch %K length | int | 14 | stochKLen |
| Stoch %D smoothing | int | 3 | stochDLen |
| Stoch high threshold (CALL) | int | 75 | stochHighThr |
| Stoch low threshold (PUT) | int | 25 | stochLowThr |
| Cooldown bars (same direction) | int | 6 | cooldownBars |
| Session start hour ET | int | 9 | sessionStartH |
| Session start min ET | int | 30 | sessionStartM |
| Observation window length (min) | int | 15 | obsWindowMin |
| No-new-entry hour ET | int | 14 | noNewEntryH |
| No-new-entry min ET | int | 0 | noNewEntryM |
| RSI length | int | 14 | rsiLen |
| RSI overbought (CALL conf) | int | 65 | rsiCallThr |
| RSI oversold (PUT conf) | int | 35 | rsiPutThr |
| WVF period | int | 22 | wvfPeriod |
| WVF BB multiplier | float | 2.0 | wvfBbMult |
| Strike distance pct OTM | float | 1.5 | strikeDistancePct |
| TP favorable move pct | float | 0.3 | favMovePct |
| TIME stop min before close | int | 30 | timeStopMin |
| STOP requires bar CLOSE through strike | bool | true | stopRequiresBarClose |
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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