SPY 0DTE Scalper - Auto Alerts

Timeframes:

Main chart: 1-minute (for precision entries)

Confirmations: 3-minute or 5-minute (to avoid fakeouts)

Indicators I Use:

VWAP – Orange line → Institutional fair value

EMA 9 – Green line → Short-term momentum

EMA 21 – Red line → Trend filter

Custom Pullback Signal Script – Marks buy/sell/pullback signals with labels (triangles)



Above VWAP = Bullish Bias

Below VWAP = Bearish Bias

Institutions treat this as the "fair price" — so I do too.

EMA 9 (Green):

If price hugs or bounces off EMA 9 = 🔥 strong continuation move.

I use this as my guide for momentum.

EMA 21 (Red):

Great for trend confirmation.

Above EMA 21 = Trend building to the upside.

Below EMA 21 = Weakness or possible reversal.

💸 Step 3: How I Read the Signals
✅ BUY Signal:

Price breaks above VWAP with volume 1.5x+ average

Candle must close strong (not a wickfest)

EMA 9 becomes my trailing stop for the move

🚨 SELL Signal:

Price breaks below VWAP with strong volume

Clean body close below → momentum shift to the downside

EMA 9 again = trailing resistance guide

🔵 Pullback Long (Blue Triangle Under Candle):

Bullish continuation entry

Price pulls back to EMA 9 or 21, but stays above VWAP

Low-risk re-entry after a breakout

🟣 Pullback Short (Purple Triangle Above Candle):

Bearish continuation entry

Price retraces into EMA 9, but stays below VWAP & EMA 21

Ideal for catching second legs after breakdowns