Put/call ratio cross - buy and sell SPY

Script from: TradingViewLongTermTrend followingMomentumOptions

The Put/Call ratio cross utilizes a crossover of the 50-day and 200-day moving averages of the options Put/Call ratio as a signal to trade the SPY. The strategy dictates buying SPY when the 50DMA rises above the 200DMA, indicating bullish sentiment, and selling when the 50DMA falls below the 200DMA, suggesting bearish sentiment.

Audit verdict

Not rankedUpdated Jul 28, 2026

No reliable edge found

Its average result can't be told apart from chance, so it stays out of our rankings. The script itself passed our repainting audit.

526backtests3 markets

14robust scoreranked median 52

0.55p-valueranked median 0.24

0/42pass quality gatebacktests >15 trades

Audit details

How we decide whether a strategy enters our rankings. Read the methodology →

✓

Repainting audit

8 of 8 checks passed.

✓

Script availability

Open-source, still published on TradingView.

Statistical edge

Average t-statistic 0.64 (p = 0.55), below the median of 1.98 (p = 0.24) for ranked strategies.

Quality gate

None of the 42 backtests with more than 15 trades passes our quality gate.

Robust score

14/100, below the median of 52 for ranked strategies.

How its evidence compares

The t-statistic measures how far the average result sits from zero relative to its noise. Below about 2, it is within what random entries produce.

0.64

avg. t-statistic

1.98

median, ranked strategies

Best 5 of 526 backtests

Shown for transparency.

Symbol	Timeframe	Net profit	Profit factor	Trades	Max drawdown
New Zealand Dollar/U.S. Dollar FX:NZDUSD	1D	+525%	1.83	68	34%
Riot Platforms, Inc. NASDAQ:RIOT	1D	+421%	1.38	26	106%
Riot Platforms, Inc. NASDAQ:RIOT	2H	+226%	1.22	67	101%
Riot Platforms, Inc. NASDAQ:RIOT	4H	+187%	1.10	31	105%
Aptos CRYPTO:APTOUSD	2H	+183%	1.58	19	47%

⚠Selected after the fact: these are the best 5 of 526 runs, not what to expect from this strategy. Most have fewer than 60 trades, too few to separate skill from luck.

Is Put/call ratio cross - buy and sell SPY profitable?

Not reliably, based on our tests. Across 526 backtests, 0 of 42 with more than 15 trades pass our quality gate. The best result is +525% on New Zealand Dollar/U.S. Dollar (1D, 68 trades). On average, its results are statistically indistinguishable from chance (p = 0.55).

Strategies that passed our audit

Ranked strategies from the same family, ordered by robust score.

Passed our auditRSI+PA+PrTPTrend following · Momentum

85/100robust score

16/191backtests pass quality gate

View backtests →Passed our auditEhlers Combo StrategyTrend following · Momentum

83/100robust score

4/53backtests pass quality gate

View backtests →Passed our audit1 minute crypto strategy (MTF ZigZag)Trend following · Momentum

81/100robust score

5/83backtests pass quality gate

View backtests →

Explore the best Trading & TradingView strategies

Stop trading blindly. Explore quality-gated backtests and improve your trading skills with data.

Start for free