TICK strategy for SPY options

Script from: TradingViewIntradayScalpingTrend followingMomentumOptionsVolatility

This TICK strategy targets same-day SPY option scalping using TICK, RSI, VIX, and EMA indicators. It's designed for 5-minute SPY charts and suggests adjustments for QQQ. Entry signals depend on TICK crossovers, RSI, VIX levels, and EMA positions. Exits utilize ATR-based stop loss, trend changes, or divergences. Trading ends at 3:50 PM EST daily, with options for P/L reinvestment and stopping after max daily profit.

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.

1,154backtests3 markets

43robust scoreranked median 52

0.56p-valueranked median 0.24

1/24pass quality gatebacktests >15 trades

Audit details

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

✓

Repainting audit

7 of 8 checks passed.

✓

Script availability

Open-source, still published on TradingView.

Statistical edge

Average t-statistic 0.62 (p = 0.56), below the median of 1.98 (p = 0.24) for ranked strategies.

✓

Quality gate

1 of 24 backtests with more than 15 trades pass our quality gate.

Robust score

43/100, 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.

0.62

avg. t-statistic

1.98

median, ranked strategies

Best 5 of 1,154 backtests

Shown for transparency.

Symbol	Timeframe	Net profit	Profit factor	Trades	Max drawdown
E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1!	5m	+49,874%	1.19	92	16888%
Dow Jones 30 BLACKBULL:US30	4H	+13,334%	1.71	18	2629%
Rent the Runway, Inc. NASDAQ:RENT	1H	+573%	1.64	87	47%
Boeing Company (The) NYSE:BA	2H	+256%	1.12	109	137%
QNT / TetherUS BINANCE:QNTUSDT	2H	+176%	1.48	30	51%

⚠Selected after the fact: these are the best 5 of 1,154 runs, not what to expect from this strategy.

Is TICK strategy for SPY options profitable?

Not reliably, based on our tests. Across 1,154 backtests, 1 of 24 with more than 15 trades pass our quality gate. The best result is +49,874% on E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) (5m, 92 trades). On average, its results are statistically indistinguishable from chance (p = 0.56).

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