OPEN-SOURCE SCRIPT

Weekly Short Strangle in % terms Bands

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
percentageshortshortstranglesstangleVolatilityweeklystrangle

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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