Get started

Options

Weekly Options Expiry CandleThis script shows weekly expiry candle on daily chart. In weekly expiry, week starts on Friday and end on next Thursday. How the candle is constructed: Open= Open price of Friday, if Friday is a holiday, next available open price High= Highest high price of Friday, Monday, Tuesday, Wednesday, Thursday Low= Lowest low price of Friday, Monday, Tuesday, Wednesday, Thursday Close=Close price of Thursday, if Thursday is a holiday, previously available close price I am very new to Pine script, so waiting for your comments and review.
Pine Script™ indicator
by tanayroy
11
vol_rangesThis script shows three measures of volatility: historical (hv): realized volatility of the recent past median (mv): a long run average of realized volatility implied (iv): a user-defined volatility Historical and median volatility are based on the EWMA, rather than standard deviation, method of calculating volatility. Since Tradingview's built in ema function uses a window, the "window" parameter determines how much historical data is used to calculate these volatility measures. E.g. 30 on a daily chart means the previous 30 days. The plots above and below historical candles show past projections based on these measures. The "periods to expiration" dictates how far the projection extends. At 30 periods to expiration (default), the plot will indicate the one standard deviation range from 30 periods ago. This is calculated by multiplying the volatility measure by the square root of time. For example, if the historical volatility (hv) was 20% and the window is 30, then the plot is drawn over: close * 1.2 * sqrt(30/252). At the most recent candle, this same calculation is simply drawn as a line projecting into the future. This script is intended to be used with a particular options contract in mind. For example, if the option expires in 15 days and has an implied volatility of 25%, choose 15 for the window and 25 for the implied volatility options. The ranges drawn will reflect the two standard deviation range both in the future (lines) and at any point in the past (plots) for HV (blue), MV (red), and IV (grey).
Pine Script™ indicator
by taylor_o
1
TradingWise Supply and Demand Indicator 1.0TradingWise Supply and Demand Indicator 1.0 is based on the Price Action candlestick patterns to identify the Supply and Demand zones in the charts (Areas of liquidity). It works on all Timeframes and Asset Classes. This Script helps the traders to identify the demand and supply zones with identifications on the candle stick patterns indicating the origin of the Strong move. Also it generates Alerts automatically once the supply or demand area is formed thus by reducing the hours spent on the charts and reducing the missed trade Opportunities as well. This Indicator is extremely helpful for those on Full time Jobs/ Busy Schedule. Buy/Sell Alerts by Indicator: Green Diamond + DZ Sign ---> Indicates the Demand Zone Formation. Place Buy Trade upon Entry Criteria Met Orange Diamond + SZ Sign ---> Indicates the Supply Zone Formation. Place Sell Trade upon Entry Criteria Met
Pine Script™ indicator
by UrbanTradingSystems
11
Options Scalping V2This Indicator is Owned by Team Option Scalping. It has 4 Plots and 2 Tables. This indicator to be used only in BankNifty Futures VWAP ( Volume weighted average price ) • User can input the source and enable/disable the VWAP from input section. • When price is more than the VWAP its Bullish Trend and vice versa. VWMA ( Volume weighted moving average ) • Default value of 20 is used in VWMA . User can enable/disable it from input section. • When price is more than the VWMA its Bullish Trend and vice versa. Parabolic SAR • User can input “start”, “increment” and “maximum” values from input section and can enable/disable SAR also. • When price is more than the Parabolic SAR its Bullish Trend and vice versa. SuperTrend • User can input ATR Period and ATR Multiplier values from input section. By defaults it’s 10 and 2. • User have option of enable/disable “Change ATR calculation Method”, if enabled then ATR is calculated differently for SuperTrend. • Enable/disable “BUY/SELL signals” on SuperTrend. • When price is more than the SuperTrend its Bullish Trend and vice versa. Top Right Corner TABLE ( 6 , 10 ) When you are trading in Banknifty futures , we have to check major Banks which is contributing to Banknifty move. So we have given that in this tab. This table consist data of 9 following stocks: • BankNifty • Nifty • Dow • INDIA • VIX • HDFC • ICICI • KOTAK • AXIS • SBI And following data of each stock has been provided: • LTP • Daily Change • Daily Percentage Change • 15-minute Change Percentage • 1-Hour Change Percentage Bottom Right Corner TABLE (3, 6 ) This table consist of 4 indicators values and Up/Down indicator: • VWMA (When price is more than the VWMA its Bullish and vice versa) • SuperTrend (10.2, When price is more than the SuperTrend its Bullish and vice versa.) • RSI (14) • VWAP (When price is more than the VWAP its Bullish and vice versa.)
Pine Script™ indicator
by OptionsScalper123
73
Intrangle - Straddle / StrangleIntrangle is an indicator to assist Nifty / Bank Nifty Option Writers / Sellers to identify the PE / CE legs to Sell for Straddle and Strangle positions for Intraday. Basic Idea : (My Conclusion for making this Indicator) 1) Last 10 Years data says Nifty / Bank Nifty More than 66% of times Index are sideways or rangebound (within 1% day) . 2) Mostly, First one hour high and low working as good support and resistance. Once First one hour complete, this indicator will show Strangle High (CE), Strangle Low (PE) and Straddle (CE/PE). Straddle: If you want to do straddle strategy, sell at the money strike (CE/PE) when price comes near to the straddle line (black line), Strangle: If you want to do Strangle strategy, sell Strangle High (CE) and Strangle Low (PE) when price comes near to the straddle line (black line). Both Strangle High and Low will be out of the money when price near to the straddle line (black line). Adjustment: option adjustment to be done based on the price movement. Adjustment purely up to the user / trader. Note1: If price not comes to near straddle line after first hour, better to stay light… Note2: If first hour not giving wide High / Low, don’t use strangle strike based on this indicator. Straddle can be done any day with require adjustment / hedge. This Indicator is purely for education purpose, user / trader has to be back-tested before their start using it. This indicator will work in Nifty / Bank Nifty only. Best Time frames are 3/5/15 Mins. This is purely made for Intraday Happy Trading 😊
Pine Script™ indicator
by Saravanan_Ragavan
15
OptionsMillionaire SPY Moving Averages and Signalsby ColeJustice OptionsMillionaire's SPY Options trading system is based mainly on these indicators: - 8 EMA* - 21 EMA* - 100 SMA* - 200 SMA* - MACD - RSI - Squeeze Momentum (*provided by this indicator) and follows these rules: | | 1) I never fight the trend. If its green, i buy calls. If its red, i buy puts. I will only buy puts on a green day if there is a overall change in market trend. Inversely, calls on a red day | 2) Price action is my #1 indicator. I wait for it to confirm my thesis before i enter a trade | 3) I only trade SPY Options | 4) My baseline is to choose a call/put that has a DTE (Date To Expiration) 6-7 days out, with a strike $2-$3 away. I adjust that to fit my current appetite for volatility. i virtually never play same day DTE's. | 5) I set a 10% stop, but usually exit at 8% before my stop triggers depending on current situation | 6) I utilize about 10-20% of my Portfolio for one trade. Sometimes more. Rarely less. | 7) I never hold overnight in these market conditions. | 8) I shoot for 10-20% for gains. Depending on market conditions. | 9) Always look for confirmations in your indicators. | 10) I never force a trade. No trade is a good trade too if the entry just isn't there. | 11) Patience always pays off. A great set-up can form in minutes or seconds. I never regret being patient to enter. I nearly always regret rushing into a trade. | This indicator combines the moving averages into a single unit to simplify one part of the indicator usage rules: the 8 EMA / 21 EMA Cross. . The 8 crossing over the 21 is a Bullish signal, while the 8 crossing under the 21 is a Bearish signal. This indicator places flags at these crossover/under points, as well as shading the area between the 8 and 21 EMAs to help visualize the strength of the trend; green during a Bullish cross, and red during a Bearish cross. A new addition to this strategy is the Hull Moving Average, or HMA. This script defaults to an HMA of 20 and shows alerts when candles close above or below the plot in the form of green and red candle backgrounds. This alert is best used in conjunction with the main crossovers and should be considered an addition level of confidence rather than providing trade entry/exits directly. This indicator is more flexible and you should feel free to adjust the period if you find a different value works better within your own personal trading style. Each individual element of this indicator can be modified or toggled, providing maximum customization. While you should strive to become comfortable with the default settings, these options are provided in case you feel the need to adjust for your own style (or if testing on tickers other than SPY, for example). Goodluch, and happy trading!
Pine Script™ indicator
by colejustice
61
Money Heist• This strategy is based off of Matthew Thayers Cashtrap Strategy. • Market Timing markers based off of Evan Cabrals Market Timing Strategy. • Psychological Support and Resistance Levels as well as 4 Hour High and Low Support and Resistance Levels. • The Bollinger Bands will turn Red for Resistance and Green for Support when the Market is Consolidating. The bands will turn Red at the Bottom and Green at the Top when the Market is in a Heavy Trend. • There is a 50 ema and 200 ema used to determine the trend of price and can also be used as support and resistance • Two types of arrows can be used by heading to the settings and choosing one or the other. Either Conditional arrows based on a point system (3 being the highest) can be used or Regular CashTrap Arrows. Arrows should be used to confirm trade not as a the only reason to take a trade PUT Price should be below 50 EMA and 200EMA touching Top Red Bollinger Band at a Resistance level CALL Price should be above 50 EMA and 200EMA touching Bottom Green Bollinger Band at a Support Level **This Strategy Is To Be Used With The Momentum RSI, Stochastic+, and RSI+**
Pine Script™ indicator
by AlphaNation
1
Implied Volatility BandsThis script produces price bands around an EMA based on a manually inputted Implied Volatility. The idea builds on my previous "Implied Move" script which helps visualize the distribution of prices that the market is 'pricing in' via options/implied volatility. It's up to the user to determine the implied volatility level they use, I like using the free version of QuikStrike that you can access via the CME Group website and then update the script's input daily. Another way to use the script is to input the implied volatility based on a forecast that you produce independently. Say implied volatility on June 2021 Crude Oil is 30% and you think it's rich by 2%, you can input 28% into the script to tweak the bands for a declining vol regime.
Pine Script™ indicator
by CSC1
3
Chobotaru Indicator V1Now can be used by everyone. Chobotaru Indicator has two functions: 1. Probability cloud, giving the probability of stock or future to move to a certain price. 2. Help traders understand where to take profit and where to put a stop-loss. You don’t need knowledge about options trading, this indicator is for all traders/investors. What does the indicator do? The indicator is based on the partial differential equations from the mathematical model of options, the Black-Scholes model. Using these equations and market parameters the indicator shows on the chart the probability that the stock/future will touch a certain price until a specific date. How the indicator does it? The algorithm solves the partial differential equations using the following values: Instrument price - The current price of the stock or futures contract The interest rate – default zero – can be found by searching in google: “U.S. Department of the treasury daily yield curve rates”, Use the 3-month value. This value has a low impact on the model so you only need to update it when there is a major change in the percentile. (Example, in January 2021 the 3 months “risk-free rate” is 0.08, you can enter 0 in the indicator. Days to expire (minus trading holidays) – You need to choose an option and take from it the other values that are needed. We recommend taking options that close to 30 days, but it is the user choice. Example: On the 22 of January 2021, PLTR has an option that has 35 days left. The option will expire on the 26 of February 2021, if there are trading holidays like in this case, the user needs to subtract them, on the 15 of February we have Washington's Birthday, the input is 35-1=34. Implied volatility - Annualized asset price volatility , specific as a positive decimal number. IV 10% => input 0.1, you can find it in the option chain, if you don’t know what it is, you can ask your broker where you can find it on your trading platform. For example, the IV of PLTR on the 22 of January 2021 is 120.67% the input is 1.2067 Date – Entering the date of entry. How the indicator helps traders and how to use it? After you enter the inputs correctly, you will see colorful lines, each line representing the probability for the price to touch there in the current market conditions until a specific date. To see what percentage each color represents in the indicator press “style”. For example, red lines are a 50% chance for the price to touch there in the chosen period. It also helps the trader to see what range the stock is expected to move and what range is not probable in this period (according to the options prices). As you can see, the probability cloud is expanding. This is because as time passes, the probabilities of reaching far away prices are increasing. Note: this indicator may not work on IPO
Pine Script™ indicator
by ZoharCho
Binary Option Turbo M1 by MercalonaAuto risk You are diving into a high-risk investment. We are not responsible for losses, the only certainty is that they will come, the most important thing is to manage them. Test this script on a demo account, and use the backtest. Make sure you are familiar with it before using real money. Use all your experience and other assistance for better accuracy. Do not risk more than 5% per day. Try to use a maximum of 1-2%. Recommendations It is highly recommended whenever trying to make entries in stronger areas Try to make entries when the graph is in trend and with good movements. It is better to lose an entry than to lose money. Check if the chart is already with good accuracy before making your entry. At least 65%. Try to make entries when the payout is above 75%. This will help you with risk / return. About the Script This script was developed to identify good entry areas quickly and safely. We recommend using in binary option, where the next candle is successful. Although it can also be used in other markets, using a larger timeframe, such as 1h or 4h. How it works? This script is based on trends, up and down, where up trend, we look for "CAL" entries in retractions, and down trends, the entries will be "PUT". Always operate in favor of the trend for better accuracy. A session filter is also displayed. The Filter is based on the New York and London session. In these periods there is a greater market volatility, where it is recommended to operate and avoid losses. In addition, there is also a (no trend) filter. Where it shows whether the chart is volatile or not, even during open market sessions. What is the final result? This script will show good entries areas. These areas are represented with lines. The lines closest to the current price are thinner lines. And the lines far from price are thicker. The thick lines represent stronger areas and are resistant to price. This means that there is a greater possibility of reversal when prices touch these lines. Settings (mode) There are 2 configuration modes: 1. MODERATELY 2. AGGRESSIVE Using the "MODERATELY" mode, the signals are rarer, here we expect the price to hit the best areas indicated. To place the entry. Here we expect greater accuracy. In "AGGRESSIVE" mode, we don't expect good entries. Whenever the price hits entry areas it will be considered an entry. In this case, the accuracy is less, since the areas do not have a great potential for reversion. Settings (Length) Here the number of bars can be configured for the calculation of support and resistance areas. A low amount may not be enough to check for good areas. And a very large area can be confused with areas that really matter. Try to check the best quantity for the chart you want to trade. Settings (Win Rate Limit) Place the limit of analyzed signals in this field. It is restricted to the “Win ​​Rate Max Bars” field, which will be explained below. If the configured limit is not reached, the cause is that there were not enough signals within the configured bar limit. ATTENTION: Understand that a high value will cause a slow calculation of the script. Settings (Win Rate Max Bars) This is information is used to limit the number of bars in the “Win ​​Rate” calculation. ATTENTION: Understand that a high value will cause a slow calculation of the script. Settings (Sessions) There are 2 other configurations. New York session and London session. You can see how it works reading below. Indicator “Stars of Recommendation” The indicator has 3 stars of recommendation. NO TRADE (There is no positive point to take chances) In Session (At least 1 open market, this is a positive point to take chances) In Trend (There is a good probability of assertiveness when it is on trend) More than one identified area. (Generally, when there is more than one area, the more distant areas become stronger and stronger. This is a positive point when the price reaches them.) Good luck ❤️ Please feedback us. We hope this helps you!
Pine Script™ indicator
by Mercalona
7
Implied volatility indicator - Bouhmidi-Bands Volatility trading with the Bouhmidi-Bands Most known indicators such as Bollinger Bands or Keltner Channel focus only on historical volatility. Bouhmidi bands follow a different approach, namely an indicator based on implied volatility. Style tags: Implied Volatility, Volatility Trading, Trend Analysis Asset class: Equities, Futures, Commodities Dataset: Minutes / Hours Description The most famous volatility indicators such as Bollinger Bands , Keltner Channel , Donchian Channels , etc. all use the historical volatility of the underlying asset. However, volatility is determined not only by historical volatility but also by implied volatility. The additional analysis of implied volatility sharpens the view and improves trading. The Bouhmidi Bands ® were developed by myself and are based on implied volatility. They calculate an expected daily bandwidth under the assumption of normally distributed returns. The bandwidth is based on 1σ or 2σ. This means that an underlying closes with a probability of 68% or 95% within the expected Bouhmidi bandwidth at the end of the day. Check the historical development. The track record over the past 20 years shows a strong robustness of the indicator. Benefits using Bouhmidi bands - The Bouhmidi bands can be used to identify and filter "invisible" resistance and support that cannot be detected with simple chart analysis. - The Bouhmidi bands can be used for different trading approaches. For example, they are suitable for mean reversion and volatility breakouts. - If you combine the Bouhmidi bands with e.g. Keltner channel or Bollinger bands, you have the historical and implied volatility in one view in your tradingview chart. Which underlyings can I trade with the Bouhmidi bands? To determine the Bouhmidi bands, we need the underlying and the corresponding implied volatility index: - S&P 500 - VIX - DAX - VDAX-NEW - Dow Jones - VXD - Nasdaq 100 - VXN - Gold - GVZ - WTI - OVX - Apple - VXAPL - Amazon - VXAZN - Google - VXGOG - IBM - VXIBM
Pine Script™ indicator
by SalahBouhmidi
28
wEMPlotDescription: Plots the Weekly Expected Move (wEM) using the following week's Option Chain ATM Call+Put ask price to determine the EM for the following week The wEM is the options market pricing in the expected future volatility for the following week. The wEM is the range that the underlying price will be contained during the week 68% of the time. These levels can be used as targets for options or equity trades for either directional or non-directional trades. The options market in the major indices, such as SPX, can drive the overall market's order flow and so the EM can provide useful insight into the hedging levels being used by professionals and market markers. As Trading View does not currently provide access to option chain data, the option chain expected move for an underlying has to be manually entered each week, but the script provides an easy to use framework to enter the parameters for the next week. These parameters are as follows: eg. t1_1 = timestamp(2021, 02, 08) <==== timestamp for the start of next week (yyyy,mm,dd) t1_2 = timestamp(2021, 02, 12) <==== timestamp for the end of next week (yyyy,mm,dd) plotwem("QQQ", 331.36, 5.86, t1_1, t1_2, 0, 0) ^^^^ plotwem(Symbol, Close-last-week, Expected Move next week, Next week start timestamp, Next week end timestamp, Highlight-Upper-EM, Highlight-Lower-EM) Parameters are: Symbol : Underlying chart symbol (aka ticker). Can be a symbol for equity, future or index. Close-last-week: Closing price at the end of last week. Expected Move next week: The Expected Move for next week: Calculated from next week's Option Chain ATM Call+Put ask price Next week start timestamp : Timestamp for the start of next week Next week end timestamp : Timestamp for the end of next week Highlight-Upper-EM : highlight upper expected move level. Set to 1 to highlight with red color. Set to 0 is no highlight. Highlight-Lower-EM : highlight lower expected move level. Set to 1 to highlight with red color. Set to 0 is no highlight. The highlight parameters can be updated at any point to indicate that the underlying has either touched the EM level or breached the level. The highlights can be used to visually determine periods of market instability which can provide insight into applicable strategies for the market conditions.
Pine Script™ indicator
by shaggydoo
5
Put Call OscillatorThis is a volume-based oscillator used for detecting market sentiment. This plots two moving averages of the CBOE S&P500 PCR (put call ratio), and a histogram to measure the distance between them. The histogram will generate signals of green (bullish) or red (bearish), depending on whether put volume is decreasing or increasing. The moving averages are adjustable. They are set at 4 and 16 by default. Increasing the moving averages will generate less signals, while decreasing them will generate more signals. The background will change color from red to green depending on whether the PCR is above or below 1. I used capriole_charles script "Put/Call Ratio (PCR)" to help me build this.
Pine Script™ indicator
by justinsandell
5
Nifty-Banknifty-Option-WriterNifty-Banknifty-Option-Writer tool is having signals like below 1) Bullish signal for taking long trade 2) Bearish signal for taking short trade 3) Triangle UP signal for trend change Long trade 4) Triangle Down signal for trend change Short trade 5) Big Arrow down signal for closing long trade if u have any short trades 6) Big Arrow UP signal for closing Short trade if i have any long trades 7) This tool is having three zone GREEN, RED and GRAY 8) small red arrow and small green arrow =========================================================================================== How to use this tool:- You should take long trade in index call option or sell put option when you will get Bullish signal or Big green Triangle and book the profit when you get any red signal either Its Big red triangle or Bearish signal or big downward red arrow close long trade or small red arrow. Similarly you can take long trade for Index put option or sell call option for Short trade when you get Bearish signal or Big red triangle and book the profit when you will get close long big green arrow signal or small green arrow or Bullish signal or Big green triangle. -If candle formation is having above GREEN and GRAY zone then it signifies strength is bullish and remain in Long trade till you are not getting close long trade signal or small red downward arrow signal. -If candle formation is happening below RED and GRAY zone then it signifies strength is bearish and remain in short trade till you are not getting close short trade signal or small green upward arrow signal. I have taken combination of ATR, Super trend and RSI to get the trend and trend change of underlying. this tool i have created for any underlying not specific to Nifty or Banknifty though I have used this name so Indian can take benefit for Index trading. Still didn't understand then ping me or give me call on my number given in signature i will make zoom call with you so will understand how to use this script. ============================================================= I have taking consideration of Bullish and Bearish trade for strategy and its giving its optimal result in 1 hr time frame. I have added commission/slippage for trade so actual result can be displayed in strategy tester. Ping me or DM me to subscribe this indicator. I have given all my indicator details below link (Signature URL). You can check indicators and call me on given number or email me on given email to access the scripts and indicators. Telegram link is also given you can ping me there. -------------------------------------------------------------------------------------------------------------------------------------- Disclaimer : Past performance of the indicator is not giving guarantee for future performance as well, it may change as per market condition. -------------------------------------------------------------------------------------------------------------------------------------
Pine Script™ strategy
by siddmuk2005
96
alGROWithm Premium - Strategy TesterThe alGROWithm Strategy Tester is a supplement to the original alGROWithm indicator. Use this strategy to do your own back testing and find the best settings that work for your asset of choice. █ WHY THIS IS IMPORTANT Different assets require different settings for optimal results. This strategy script will allow you back test different settings for alGROWithm in order to analyze key metrics such as win rate and P/L. TradingView functionality also enables you to view a high level performance summary and even see every single individual trade made by the algo. █ BEST PRACTICES Depending on the asset you are testing, it is very important to update the settings as needed. For example, if you are back testing on US30, you will likely need to increase the starting capital. For other assets, you may also need to change the order size to use the Contracts option. It is important to decide for yourself which back testing parameter you will weigh more heavily in terms of importance. For example, a day trader may want to use a setting that maximizes win rate rather than profit % since we are humans and not computers. Further, it is highly recommended to utilize all of the rich features that TradingView provides with regards to back testing. For example, using the List of Trades tab, go back to find a failed trade and analyze the trade to see if you actually would have taken it in the moment. After finding the best sensitivity for your asset, it is important to set that sensitivity value on the non-strategy version of alGROWithm for usage. Changing settings on this version will not carry over to the non-strategy version. █ DEFAULT SETTINGS We have set the following default settings on the strategy: Starting capital: $100k Order size: 30% of equity Sell 1/5 of position every Take Profit level
Pine Script™ strategy
by algrowithm
6
alGROWithm PremiumIntroducing the alGROWithm indicator! Years of trading experience and endless hours of screen time has undeniably proven to me that the most fundamental rule of any market is: price moves from supply to supply and demand to demand. Specifically, this means that a breakout of a supply zone , the probability of it reaching the next supply zone before starting consolidate is very high. Similarly, a breakdown from previous demand zone will likely continue to the next demand zone . The identification method of these supply and demand channels is one of the features that sets this indicator apart from other available tools. What separates alGROWithm from other available tools? - Proprietary method for identifying supply & demand channels combined with a directional bias computation based on recent historical prices - Only signaling precise entries based on supply & demand that maximize R/R - Tracking open positions and displaying a trading plan directly on the chart immediately after signaling entry points - Indicating precise exit levels to help you avoid exiting too early or trading by emotion What are the features included in alGROWithm? Trading Plan Lines : These are the Buy/Short/Take Profit/Exit lines plotted directly on the chart Show Long Signals : These are the green "BUY" labels that appear on the chart when alGROWithm identifies a critical breakout to the next supply level Show Short Signals : These are the red "SHORT" labels that appear on the chart when alGROWithm identifies a critical breakdown to the next demand level Show Take Profit Signals : These are the purple "TP" labels that appear on the chart when alGROWithm identifies that the subsequent supply/ demand level has been hit Show Exit/Stop Loss Signals : These are the purple "EXIT" labels that appear on the chart when alGROWithm identifies that the trade has run its course and it's time to exit Show Dashboard : This is a dashboard that is displayed to the right of the latest candle, and contains the following information: - Current Position : "Long", "Short", or "None" - Next Profit Target : Only displays if there is an active Position - Current Bias : alGROWithm computes a directional bias based on recent historical prices. Text will say "Long" or "Short" - Long/Short Bias Until : alGROWithm's bias will change if this price is hit. Note that these are not BUY or SELL levels - this simply indicates whether things are looking up or down - Enter Short/Long At : Only displays if Current Position = "None" Note that you can enable/disable any of these chart overlays at anytime through the indicator settings. The alGROWithm indicator works on any timeframe, any market, and standard OR Heikin Ashi candlesticks . I have been working very hard on this indicator and I personally use it on a daily basis with options trading. I am so excited to share the wealth with you! You can use the link below to visit our website and gain access to the script.
Pine Script™ indicator
by algrowithm
6