SPY Scalping Mobile Compact v3 - Ben Pham

Use this Spy Scalping Mobile Compact toolkit as handrail to climb up or down the stair. It help you visualize market trend clearly on those SMA line 5/8/13. First rule of entry is wait for all 3 MA lines start to separate and above vwap line for call, below for put, confluence with RSI > 50 for call, <50 for put. Second rule of entry is NEVER chase on first breakout candle, ALWAYS wait for pull back into SMA 8 or 13 with wick touch the line but candle closed back to confirmed direction. Stop loss if candle closed other side of SMA 13 line. If position turn green, use SMA 5 (blue) or SMA 8 (yellow) to trail for max profit. Only exit after candle body show smaller / doji or when blue line curve into yellow line. Best to use this indicator with my other Multi Time Frame Bias indicator for confirming entry with level of confidence.
Default color code lines:
- Blue – SMA 5, Yellow SMA 8, Red SMA 13, Purple VWAP
- Horizontal lines: Green – Opening range high, Red – Opening range low
Teal – premarket high and low
Orange thick – previous day high and low
- Red dots line – equal high, green dots line – equal low