This indicator shows the daily expected trading range of the instrument. An upper and lower line denotes the range. It is calulated based on the volatility index selected (NSE:India VIX is used by default). Also it shows developing upper and lower line for the next trading day. Non-directional option strategies (like straddle, strangle) can be performed based...
EMA Clouds for Options! This indicator can help you confidently open and close options positions. Note that you should set stop a little below midline EMA . Risk reward for good signals is fairly consistent in profit. Most of the simulations I ran got between 1:2 and 1:4 profits. The losers usually can be avoided by making sure you are not in a choppy trading...
London Open Market to New York Open Market. Only weekday is visible. Summer -- 1500-2000 Winter -- 1600-2100
Good afternoon traders, This is a script I built for option selling, in attempt to have a high success rate. The gist of how it works: It uses the opening or close of the current chart's timeframe opening bar when referenced against a designated (higher) timeframe's central pivot range (CPR). Using that comparison, this script calculates an option to sell: ...
Shows the last price of either the spot or futures market on Binance, for the current coin. It shows futures if you are in a spot market, and spot if you are in futures. Currently this only works for USD stable coin pairs (BUSD, USDT, USDC, ...). I don't plan to add COIN future pairs, it's not useful to me. Additionally, it allows you to show the lowest and...
As always, this is not financial advice and use at your own risk. Trading is risky and can cost you significant sums of money if you are not careful. Make sure you always have a proper entry and exit plan that includes defining your risk before you enter a trade. Those who have looked at my other indicators know that I am a big fan of Dr. Alexander Elder and...
Based on historical data (rather than theory), calculates the probability of a price level being "touched" within a given time frame. A "touch" means that price exceeded that level at some point. The parameters are: - level: the "level" to be touched. it can be a number of points, percentage points, or standard deviations away from the mark price. a positive...
This script is useful as a quick glance for checking the theoritcal price of the Call and Put option strike. Spot price is automatically derived from live market. Enter the strike price and IV value. For NSE stocks, use 6% as risk free rate if not sure.
Shows monthly and quarterly expirations for Equities, Indexes, & VIX. OPEX, VIXEX, Vixperation.
Monthly options expiration for the year 2022. 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 2022 in advance and all the best traders.
Weekly Put Sale This study is a tool I use for selling weekly puts at the suggested strike prices. 1. The suggested strike prices are based on the weekly high minus an ATR multiple which can be adjusted in the settings 2. You can also adjust the settings to Monthly strike prices if you prefer selling options further out 3. I suggest looking for Put sale...
Calculates the strike prices for the Bank Nifty index in steps of 50 and marks the 2 and 3 sigma price levels.
This simple script shows an "N" standard deviation volatility bracket, anchored at the opening price of the current month, week, or quarter. This anchor is meant to coincide roughly with the expiration of options issued at the same interval. You can choose between a manually-entered IV or the hv30 volatility model. Unlike my previous scripts, which all show the...
A simple script for keeping track of your options portfolio. Basically, you can write one line of code per strategy (single, vertical, or strangle) to keep a line drawn on the underlying's chart, at the strike price, from the current bar until expiration. See the comments at the top of the code for more explanation.
In Binary options, strategy testing is a bit different. The script is just a try to test Binary options strategies. Assumption: We are opening position at next candle after signal come We are taking the position at opening price Our call will be profitable if we get a green candle and put will be profitable if we get a red candle We can open only one...
This script helps you evaluate the fair value of an option. It poses the question "if I bought or sold an option under these circumstances in the past, would it have expired in the money, or worthless? What would be its expected value, at expiration, if I opened a position at N standard deviations, given the volatility forecast, with M days to expiration at the...
USAGE 1. Select the type of contract (call or put), the long strike, and the width. 2. Select the volatility model 3. The standard deviation is shown, enter it into the input. The tool gives a theoretical price of a vertical spread, based on a historical sample. The test assumes that a spread of equal width was sold on every prior trading day at the given...
Usage: 1. Set the put and call strike inputs to values of your choosing. 2. Select "days to expiration". 3. Set the put and call standard deviations using the output table. The indicator is meant help price a strangle using historical data and a volatility model. By default, the model is an ewma-method historical volatility. After selecting strikes and standard...