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Premarketlevels

[Pt] Premarket Breakout StrategyThis is a 1 trade per day strategy for trading SPY or QQQ index. By default, this is designed for 1 min time frame. This was an experimental script that seems to be profitable at the time of publication. How it works: Pre-market high and low is defined per trading day between 9:00 to 9:30 EST. Then we looking for the first breakout on either PM high or PM low. - Breakout high = long trade - Breakout low = short trade If long trade, we wait until Stochastic RSI D signal line to hit a lower threshold (18 by default). Then we enter long when K crosses above D line. If short trade, we wait until Stochastic RSI D signal line to hit an upper threshold (82 by default). Then we enter short when K crosses below D line. Stop loss for long - set to PM low if entry is above PM high + %ATR buffer - or set to PM range + %ATR buffer Stop loss for short - set to PM high if entry is below PM low + %ATR buffer - or set to PM range + %ATR buffer Profit target is set to 2x the risk by default. *Note: Different Stochastic RSI lengths should be used if trading 5 min time frame. See tooltip. Happy trading~~!
Pine Script® strategy
by PtGambler
1313

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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