Is there a way you can use the WL Building block logic to use a major EFT symbol (like SPY) but use its movement actions to then buy derivative EFTs like SPXS (for forecasted down moves) and SPXL for up moves? Is there any sample BUILDING BLOCK WL code that shows Building Block examples of doing this, or WL documentation that shows this?
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Use either the External Symbol Qualifier or the SymbolInd Indicator. Either way you can easily do this in Blocks.
still ;looking for any building block example that shows specifically the spy symbol being analyzed for an up signal, and the logic then buying the SPXL or conversely the SPY being evaluated for a down signal, but showing a buy of SPXS. Thanks in advance.
Here is an example. I'm running this strategy on SPXL, but am using SPY moving average crossovers to time the entry and exit.
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