This script, "Parilli Call Option Signal," is designed to provide accurate buy and sell signals for call options trading. It leverages key technical indicators including short-term and medium-term Simple Moving Averages (SMA), Relative Strength Index (RSI), and Moving Average Convergence Divergence (MACD).
**Key Features:**
- **Buy Signal**: Generated when the...
Purpose: This script will help an options trader asses risk and determine good entry and exit strategies
Background Information: The true range is the greatest of: current high minus the current low; the absolute value of the current high minus the previous close; and the absolute value of the current low minus the previous close. The Average True Range (ATR) is...