NuEdge 2min QQQ-SPY Breakout Strategy

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NuEdge 2min QQQ-SPY Breakout Strategy
Description:
A focused breakout strategy designed for the 2-minute chart of QQQ and SPY. This indicator identifies high-probability call and put setups when price breaks above the previous day's high or below the previous day's low during trending markets.
Key Features:

Generates clear call/put signals using PDH/PDL breakouts and EMA trend alignment
Limited to 1-2 quality signals per day (one call, one put maximum)
Automatically filters out pre-market, after-hours, and end-of-day periods
Requires consolidation near the 13 EMA before breakout for higher probability setups
Simple visual display with green (calls) and red (puts) triangles at entry points

Strategy Rules:

Call Signal: Price breaks above PDH in a bullish trend (above 13 & 48 EMAs)
Put Signal: Price breaks below PDL in a bearish trend (below 13 & 48 EMAs)
Consolidation required before breakout (price near 13 EMA)
Signals only appear during regular trading hours (9:30 AM - 3:45 PM ET)
One signal per direction per day maximum

Indicator Elements:

Yellow line: 13 EMA (short-term trend)
Purple line: 48 EMA (medium-term trend)
Red line: 200 EMA (long-term trend reference)
Green dashed line: Previous Day High (PDH)
Orange dashed line: Previous Day Low (PDL)
Green triangles: Call signals (bullish)
Red triangles: Put signals (bearish)

This indicator helps traders identify precise entry points for options trading by focusing on key price level breakouts combined with proper trend alignment, designed specifically for the 2-minute timeframe on QQQ and SPY.

16 ore fa

Note di rilascio

A comprehensive breakout system for trading QQQ and SPY using previous day's high/low levels and EMA interactions. Generates clear Call and Put signals with specific trigger types (Break, Retest, EMA Bounce, 200 Bounce/Drop).

Updated with improved signal visibility using clean bubble labels that display both signal direction (C/P) and specific trigger type. Debug information now positioned in top right to avoid interfering with price action.

System analyzes market context using 13, 48, and 200 EMAs while tracking PDH/PDL levels. Bullish/bearish signals only trigger when all technical conditions align, including proper trend confirmation and price proximity to key levels.

Perfect for day traders using 2-minute charts for precision entry and exit points in QQQ and SPY options trading.