Green Light Options
Three lights, the 4-hour CALL, the options contract
20 questions about Green Light Options
Where is Green Light Options? After checkout I got sent to another offer pageThe page after checkout can be an offer for another product. Your purchase is already in your members area: open Green Light Options in the menu on the left.
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How does Green Light Options work?Three lights on every candle: VOLUME (more than its 20-candle average), MARKET (SPY up on the candle) and VWAP (the close above the day's VWAP). All three up is a green light for a CALL; all three down is a PUT. The candle after a light goes out reads WAIT.
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When do I get in and out of a Green Light trade?In at the close of the candle the light turns green; out at the close of the first candle that is no longer green (the WAIT). A 1 ATR stop and a 2 ATR target close it sooner if price gets there first.
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Which timeframe is best for Green Light? Daily, 1-hour or 15-minute?The 4-hour. We tested the 1-hour and 4-hour over two years on 30 stocks and ETFs: the 4-hour CALLs made a little on both stretches; the 1-hour made nothing on the months held back. It never lights on a daily chart, because VWAP starts over each session.
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What options contract does Green Light give? Is it 0DTE?Not 0DTE. Each call comes with an at-the-money call on the monthly expiry about three weeks out (14 to 45 days), so a trade of a candle or two is not all time decay. It is priced from the real option when the light went green, on liquid names only.
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Green Light shows no arrows on my chart. Why?All three lights have to agree on the same candle, which is not often. On a daily chart it never lights (VWAP resets each session). Use an intraday chart, ideally the 4-hour, in market hours.
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Can I move the Green Light table that covers my chart?The TradingView script has no setting to move its table. On a phone, turn the phone sideways or zoom the chart out. Green Light Options Live shows each lit chart with its three rows in the card instead.
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Does Green Light call PUTs?No. The PUTs lost on every chart in testing, so they are drawn (the red arrow) but never called. Every called Green Light trade is a 4-hour CALL.
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What does "Two of three lights green" mean on Green Light Live?Getting close lists the 4-hour charts lit right now, and the ones with two of the three lights already green: one more and the light goes on.
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I already own Power Index. Why does Green Light include it?Green Light Options comes with the Power Index indicator as one of its lessons. If you own Power Index already, nothing changes: it is the same indicator.
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Green Light Options or TriTrader+: which fits short options trades?Green Light is the short one: a 4-hour CALL that usually ends in a candle or two, with a monthly option about three weeks out. TriTrader+ calls triangle breakouts on the daily and 4-hour charts held for weeks, with options about 60 to 75 days out.
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How do I set Green Light alerts on TradingView?On an intraday chart with Green Light Options: Alert → Condition: Green Light Options → "Green Light CALL" → Create. There is a "Green Light PUT" condition too.
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Is there a Green Light Telegram channel?The "Join the Telegram channel!" lesson on your Green Light Options page has its join. Every called CALL is also on Green Light Options Live.
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Where are Green Light Options' results?On Green Light Options Live: every call and how it ended (most "the light went out"), its result in % of the entry, with its option's entry and exit price.
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Why does Green Light show a volume pane?Because it reads volume: its VOLUME light is the candle against its 20-candle average. So its charts carry the volume pane.
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Where are the Green Light Options Workshop and Breakout Strategy?On your Green Light Options page, the TradingView tab: the Green Light Options Workshop (the training) and the Green Light Breakout Strategy lessons.
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How do I add Green Light Options to TradingView?Green Light Options → the TradingView tab → Green Light Options Indicator for TradingView: press its install link, add it to your favorites, then pick it from Indicators → Favorites on an intraday chart.
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I missed a Green Light entry. Can I still take it?Only while the light is still green: the trade ends at the first candle that is not. Check the card: if it is still lit, the stop and target are 1 and 2 ATRs from the call's entry.
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Is Green Light on Find Better Charts?Yes, while Find Better Charts is in beta for you: Systems → Green Light Options draws its arrows and each call, with the volume pane.
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Will Green Light keep working on TradingView after November 1?Yes. The November 1 rule is about invite-only scripts sold outside TradingView's Marketplace; ours are published scripts. Green Light Options Live runs on our own platform too.
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Still need a hand? Talk to a real person.Members: sign in and open Support, and Micheal and the team answer by email. Or email support@findbettertrades.com.
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