THE 'PROBLEM' A lot of buy and sell strategies are based on price action being at a particular (support) level, crossovers of different moving averages or of price action over moving averages or trend lines. A Trader waits for price/moving averages to reach a particular level/configuration by then the STOP LOSS is too GREAT. So for a trade to be taken price will...
Description: Plots the Weekly Expected Move (wEM) using the following week's Option Chain ATM Call+Put ask price to determine the EM for the following week The wEM is the options market pricing in the expected future volatility for the following week. The wEM is the range that the underlying price will be contained during the week 68% of the time. These levels...
Monthly options expiration for the year 2021. Also you can set a flag X no. of days before the expiration date. I use it at as marker to take off existing positions in expiration week or roll to next expiration date or to place new trades. Happy new year 2021 in advance and all the best traders.
Prints lines on the chart marking the price points for the standard deviation move using historical volatility. This script was born out of a need to easily spot target points for the wings of my Iron Condor Options trades. The study only shows on the Daily chart. Volatility is calculated based on the standard deviation of the daily returns of price. Price...
Swing Reversal Indicator was meant to help identify pivot points on the chart which indicate momentum to buy and sell. The indicator uses 3 main questions to help plot the points: Criteria Did price take out yesterday's high or low? Is today's range bigger than yesterday? (Indicates activity in price) Is the close in the upper/lower portion of the candle?...
This script calculates the Implied Volatility (IV) based on the daily returns of price using a standard deviation. It then annualizes the 30 day average to create the historical Implied Volatility. This indicator is intended to measure the IV for options traders but could also provide information for equities traders to show how price is extended in the expected...
Future Put ratio spread debit indicator developed by Chobotaru Brothers. You need to have basic knowledge in option trading to use this indicator! This spread is a DEBIT SPREAD. The indicator shows P&L lines of the options strategy. Use only for futures since the mathematical model of options for Future instruments is different from stocks. Plus, the days'...
Future Put ratio spread credit indicator developed by Chobotaru Brothers. You need to have basic knowledge in option trading to use this indicator! This spread is a CREDIT SPREAD. The indicator shows P&L lines of the options strategy. Use only for futures since the mathematical model of options for Future instruments is different from stocks. Plus, the days'...
Future Call ratio spread debit indicator developed by Chobotaru Brothers. You need to have basic knowledge in option trading to use this indicator! This spread is a DEBIT SPREAD. The indicator shows P&L lines of the options strategy. Use only for stocks since the mathematical model of options for Future instruments is different from futures . Plus, the days'...
Future Call ratio spread credit indicator developed by Chobotaru Brothers. You need to have basic knowledge in option trading to use this indicator! This spread is a CREDIT SPREAD. The indicator shows P&L lines of the options strategy. Use only for futures since the mathematical model of options for Future instruments is different from stocks. Plus, the days'...
Future Put bull spread indicator developed by Chobotaru Brothers. You need to have basic knowledge in option trading to use this indicator! This spread is a CREDIT SPREAD. The indicator shows P&L lines of the options strategy. Use only for futures since the mathematical model of options for Future instruments is different from stocks. Plus, the days'...
Future Put bear spread indicator developed by Chobotaru Brothers. You need to have basic knowledge in option trading to use this indicator! This spread is a DEBIT SPREAD. The indicator shows P&L lines of the options strategy. Use only for futures since the mathematical model of options for Future instruments is different from stocks. Plus, the days'...
Future Iron Condor / butterfly indicator developed by Chobotaru Brothers. You need to have basic knowledge in option trading to use this indicator! The indicator shows P&L lines of the options strategy. Use only for futures since the mathematical model of options for Future instruments is different from stocks. Plus, the days' representation in futures is also...
Future Straddle / strangle buy or sell indicator developed by Chobotaru Brothers. You need to have basic knowledge in option trading to use this indicator! The indicator shows P&L lines of the options strategy. Use only for futures since the mathematical model of options for Future instruments is different from stocks. Plus, the days' representation in futures is...
Future Call bear spread indicator developed by Chobotaru Brothers. You need to have basic knowledge in option trading to use this indicator! This spread is a CREDIT SPREAD. The indicator shows P&L lines of the options strategy. Use only for futures since the mathematical model of options for Future instruments is different from stocks. Plus, the days'...
Future Call bull spread indicator developed by Chobotaru Brothers. You need to have basic knowledge in option trading to use this indicator! This spread is a DEBIT SPREAD. The indicator shows P&L lines of the options strategy. Use only for futures since the mathematical model of options for Future instruments is different from stocks. Plus, the days'...
Future Put option indicator developed by Chobotaru Brothers. You need to have basic knowledge in option trading to use this indicator! The indicator shows P&L lines of the options strategy. Use only for futures since the mathematical model of options for Future instruments is different from stocks. Plus, the days' representation in futures is also different from...
Future Call option indicator developed by Chobotaru Brothers. You need to have basic knowledge in option trading to use this indicator! The indicator shows P&L lines of the options strategy. Use only for futures since the mathematical model of options for Future instruments is different from stocks. Plus, the days' representation in futures is also different from...