Variety Distribution Probability Cone forecasts price within a range of confidence using Geometric Brownian Motion (GBM) calculated using selected probability distribution, volatility, and drift. Below is detailed explanation of the inner workings of the indicator and the math involved. While normally this indicator would be used by options traders, this can...
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...
Price Pivots for NSE Index & F&O Stocks What is this Indicator? • This indicator calculates the price range a Stock or Index can move in a Day, Week or Month. Advantages of this Indicator • This is a Leading indicator, not Dynamic or Repaint. • Helps to identify the tight range of price movement. • Can easily identify the Options strike price. • The levels...
For Stock, Futures and Forex traders this may not be a replacement for MACD . But for an Option Trader, this would make sense 1000 times. So, What is this? This is the MACD for OPTIONS traders, remove the smoothness and adjust for volatility . Thats all it is. Why is it important? No one, ABSOLUTELY no one should be buying options in high volatility period for...
Monthly options expiration for the year 2020. 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 2020 and all the best traders.
www.tradingview.com Category is difficult with this one. I chose ROC as the closest as this measures the historical % of a given change amount. This indicator is in a separate panel above or below the main chart. I use it only for Options trading to help with probability reckoning. Use it (at your own risk) and the code freely and please ask any questions, glad...
The idea for this started here: www.tradingview.com with the user @dime This should only be used on SPX or SPY (though you could use it on other things for correlation I suppose) given that the instrument used to create this calculation is derived from the S&P 500 (thank you VIX). There's a lot of moving parts here though, so allow me to explain... First: The...