INVITE-ONLY SCRIPT

HV/IV Options Indicator

By SurjeetKakkar
Updated
The Options HV/IV indicator helps in comparing the Scripts Historic Volatility with Implied Volatility (provided by user). The Indicator creates 5 zones, starting from the bottom

Zone 1 - Very Cheap
Zone 2 - Cheap
Zone 3 - Fair
Zone 4 - Expensive
Zone 5 - Very Expensive

The location of the Implied Volatility (Blue line) in the corresponding zone helps in understanding the options pricing as very cheap, cheap, fair, expensive or very expensive. This analysis helps in choosing the correct option strategy when planning options trades.

snapshot

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Release Notes
Code optimization
historichistoricalimpliedimpliedvolatilityoptionsVolatility
SurjeetKakkar

Invite-only script

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