options millionaire

Options Millionaire is an advanced market-timing indicator designed to identify high-probability turning points by combining volatility analysis with momentum exhaustion levels.
The script uses the Bollinger Band Width Percentage (BBW%) to detect volatility compression (low volatility) and expansion phases (high volatility), and it colors the chart background accordingly.

Green background highlights favorable bullish expansion conditions, while red background signals bearish expansion phases.

How the indicator works (concept overview)

Volatility Model:
BBW% is used to measure how “tight” or “wide” the Bollinger Bands are.
• Low BBW% = volatility compression (potential breakout zone)
• High BBW% = expansion (trend acceleration)

Momentum Exhaustion:
The Stochastic %K identifies overbought and oversold conditions.
Turning-point signals occur when the market reaches an exhaustion level and volatility enters a specific phase.

Signal Generation:
• CALL signals appear when the market is oversold during a bullish or expanding volatility phase.
• PUT signals appear when the market is overbought during a bearish or expanding volatility phase.

How to use it

Works well for options strategies, reversal setups, and mean-reversion entries.

Effective across multiple assets (stocks, crypto, forex).

Best performance on 5m–1h timeframes.

Use with market structure or confirmation indicators to refine entry points.

What makes it original

While BBW% and Stochastic are classic tools, Options Millionaire combines them into a turning-point engine that focuses specifically on volatility compression → expansion transitions aligned with momentum exhaustion.
This dual-filter approach helps identify reversals with better timing compared to using standard indicators separately.