Proven Strategies That Keep You Ahead of the Market
A clear vision of possible future S&P500 market performance with Quick Sets
Gain a significant trading edge in bull or bear markets with the Quick Sets S&P 500 trading library. The percentage of price oscillator and the introduction of the NYSErSI Indicator combine to bring you a unique ability to identify bullish and bearish divergence in the markets.
2 ready to use strategies, which focus on the NYSErSI indicator and percentage of price oscillator give you a running start toward S&P500 market analysis. Each strategy is fully customizable to meet your exact specifications and conditions.
NYSErSI Indicator -uses a smoothed RSI of the NYSE Advance/Decline index in its calculation. When combined on the chart with a smoothed RSI of price, some pretty powerful signals between the two indicators emerge.
Percentage of Change Oscillator -or PPO is based on the difference between two moving averages. By default, the chart template available in the Quick Sets library uses the difference between the 20 bar and the 60 bar moving averages.
The NYSErSI strategy identifies areas where the Smooth RSI and the NYSErSI are the furthest apart to search for possible entry conditions. Convergence of the NYSErSI and the Smooth RSI also present possible entry conditions.
The type of entry condition depends upon if the smoothed line is above or below the NYSErSI as they diverge or converge, with the red and blue highlight markers on the chart template used to help identify.
This intraday S&P500 strategy takes advantage of the differences between two moving averages, and was designed to take long positions only. This strategy enters 2 contracts when the PPO crosses up into the positive range, and exits based on a $2500 stop loss, or a 40% profit risk percent stop, or a breakeven stop (whichever comes first).