Convert ETF to Futures/IndexThis indicator is used to automatically map an ETF's VWAP and 10 levels above and below the strike of your choice, to the futures or index instrument currently being viewed/traded. This works very well when using both SPY to ES/MES/SPX or QQQ to NQ/MNQ/NDX to plot the ETF strikes and can lead to some incredible trades, especially when trading level to level. Since SPY, QQQ, IWM, and DIA have the same price action as their futures iteration, there seems to be a direct correlation between their levels and VWAP . This indicator is made to easily map these key levels to the appropriate futures instrument. If you have a way to measure GEX centered around a certain level, I recommend color coding the lines to help indicate whether the level will have strong positive or negative gamma hedging associated with it.
IWM
Infiten Slope StrategyThis model is an index fund trading model, which uses moving averages and price percentage oscillators to minimize downside exposure.
Litt Internals ProThe Litt Internal Pro is based on the four major U.S. Equity Indexes. This is to not be used for any other markets. If you need more information on any of the indexes, you can google or watch YouTube videos on what they are. Typically if we are looking for to be long we want to see all four of the indexes green and have buy ratings. If we are looking to be short we want to see all four of the indexes red and have sell ratings. If you see Overbought or Oversold ratings it may be best to wait for a pullback to get long or not take the trade at all.
For the stocks that you trade, you should know what index they are in. The reason for this is that you can still take trades if not all four indexes are aligned the same color. For example, maybe small caps (IWM) are on a hot streak and seeing buying momentum from institutions meanwhile tech (QQQ), is being sold. If you held a long in a company that is in IWM then you could be more comfortable holding your long position. Meanwhile, if you held a long position in a stock that is in QQQ then you might want to cut your loss or take profit. There are multiple different use cases for this indicator so it is best to look for outside resources on more information on the indexes and what stocks are in each index. This can be a very powerful tool to see sector rotation by hedge funds and institutions.
