SPX Direction AMZN Daily 10AM Signal

Overview

The SPX Direction AMZN Daily 10:00 AM Signal is an intraday trading strategy built specifically for Amazon (AMZN) on the 15-minute chart.

The strategy analyzes the first 30 minutes of the trading day, combines that information with higher-timeframe market conditions, and generates one directional trade (Long or Short) per trading day.

Its goal is consistency by following the same rules every day rather than relying on emotions or discretionary decisions.

How It Works

Each morning, the strategy waits for the first two 15-minute candles after the U.S. market opens.

Using this opening range, it evaluates several market conditions, including:

Opening-range strength
Gap from the previous day's close
Daily and 4-hour trend
Momentum
Volume
Market structure

Based on these inputs, the strategy determines whether to enter a Long or Short trade.

Trading Schedule

All times use New York (Eastern) Time.

Time	Action
9:30 AM	Market opens
9:45 AM	Opening range is complete
10:00 AM	Trade is entered
After 10:45 AM candle	Any remaining position is closed

A built-in recovery mechanism helps ensure a trade can still be placed if TradingView briefly reloads or recalculates.

Setup Classification

Every trading day is classified into one of several predefined market setups based on the opening-range behavior and higher-timeframe trend.

The strategy uses these historical setup classifications to determine the most likely market direction.

If no specific setup matches, a default setup is used so the strategy can still produce its daily trade.

Direction Adjustments

Historical testing showed that certain setups perform better when their original direction is reversed.

The strategy automatically applies these adjustments when appropriate.

These rules only change the trade direction—they never skip or add trades.

RSI Confirmation

RSI is used as a confirmation tool rather than an entry filter.

Each trade is labeled as either:

RSI Confirmed
RSI Conflict

This information helps evaluate trade quality but does not prevent a trade from being taken.

Market Confirmation

Before entering a trade, the strategy also compares its direction with several commonly used technical indicators, including:

VWAP
Moving Averages
MACD
DMI (Directional Movement Index)

The more indicators that agree with the trade, the higher the overall confidence.

Benchmark Analysis

The strategy also monitors QQQ to understand the overall Nasdaq market direction.

QQQ is used as additional confirmation only and does not block trades.

Position Sizing

Every trade is assigned a confidence level:

Base
High
Elite

Higher-confidence setups may receive larger position sizes, while historically weaker market conditions may reduce exposure.

Position sizing only changes the number of shares traded—it never changes whether a trade is taken.

Risk Management

The default stop loss is based on the size of the opening range.

Profit targets are calculated using a configurable reward-to-risk ratio.

Additional features such as trailing stops, break-even protection, and adaptive exits are available but are disabled by default.

Chart Features

The strategy can display:

Opening-range High, Low, and Midpoint
Entry price
Stop loss
Profit target
Trade labels
WIN, LOSS, or BREAK EVEN markers
Real-time trade dashboard

Trade Dashboard

The optional dashboard provides a quick summary of the active trade, including:

Trade direction
Position size
RSI status
Stop loss
Profit target
Reward-to-risk ratio
Current trade status

Export & Analysis

The strategy can generate compact trade codes that are compatible with TradingView exports.

These codes make it easy to analyze historical trades, compare market conditions, and identify which setups perform best over time.

Recommended Settings

For best results, use:

Symbol: AMZN
Timeframe: 15 Minutes
Session: Regular U.S. Market Hours
Time Zone: America/New_York

Using different symbols or timeframes may produce significantly different results.

Important Notes

This strategy is designed to provide a consistent, rules-based approach to intraday trading. While it has been developed and tested using historical market data, past performance does not guarantee future results.

Always test any trading strategy thoroughly and use appropriate risk management before trading with real capital.

This strategy is provided for educational and research purposes only and should not be considered financial advice.