This guide provides a high-level overview of the 1D Expected Move Indicator and its backtesting results on the SPX Index and individual stocks like Apple, Tesla, and Nvidia.
The indicator predicts the next day’s price movement and is particularly useful for strategies like Iron Condor. Backtesting from November 2019 to August 2023 shows that the indicator is successful 72.63% of the time for Iron Condor strategies and over 85% for directional strategies.
