SPX 0DTE Forecast Indicator by Alpha Crunching

SPX 0DTE Forecast Indicator

This indicator is designed specifically for the SPX 5-minute chart and plots a forward-looking price projection for the current trading day.

🔹 Forecast Model Overview:
The forecast is built by analyzing SPX price action over the past month. The trading day is broken into 5-minute intervals, and the average net price movement (delta) is calculated for each interval. These deltas are then reassembled and accumulated to generate a full-day projection for each day of the week.

🔹 Usage:
Before the market opens, users can paste that day’s forecast data into the indicator input. Once the session begins, the forecast curve will be visible alongside live price action.

📌 Note:

This indicator is only compatible with the SPX 5-minute chart.

Forecast data must be entered manually each day.

No trading signals or automation are included.