Draw lines/band or deviation for any Script based on given input %
Generally used for Weekly options strangle/iron condor BANKNIFTY/NIFTY
1) Input % deviation required
2) for every Thursday Closing basis calculates the % distance and draws bands until next Thursday
Draws 3 leg bands along with safe zone(green lines) based on input
1) Input ATR, Week Day, Current Market Close
2) Input ATR - Previous day 1H Max ATR
3) ADX < 25
4) Input Current Market Close
5) Trading Day - Mon/Tue/Wed/Thu/Fri - Bands distance calculated based on day M/Tu/F 2*(Max ATR), W/Th 1.5(ATR)
6) Safe zone green lines - CMPCls +/- (1.5 * Max ATR)
7) Leg...