Strangle Mover is an indicator especially made for option writer / seller who wants to do strangle and adjust the position based on the market trend / movement. It can be use for iron condor strategy too. Settings: User must know the settings of the indicator before using . First one is Option Strike Difference , user need to enter the correct option strike...
USAGE This script guages the probability of an underlying moving a certain amount on expiration day, to aid the popular "0 dte" strategy. The script counts how many next-day moves exceeded a given magnitude in the past, under similar conditions. The inputs are: mark_mode: - "open": measures the magnitude as "open to close"--a true 0 dte. - "previous close": for...
A simple script for keeping track of your options portfolio. Basically, you can write one line of code per strategy (single, vertical, or strangle) to keep a line drawn on the underlying's chart, at the strike price, from the current bar until expiration. See the comments at the top of the code for more explanation.
Usage: 1. Set the put and call strike inputs to values of your choosing. 2. Select "days to expiration". 3. Set the put and call standard deviations using the output table. The indicator is meant help price a strangle using historical data and a volatility model. By default, the model is an ewma-method historical volatility. After selecting strikes and standard...
Intrangle 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...
Future Straddle / strangle buy or sell indicator developed by Chobotaru Brothers. You need to have basic knowledge in option trading to use this indicator! The indicator shows P&L lines of the options strategy. Use only for futures since the mathematical model of options for Future instruments is different from stocks. Plus, the days' representation in futures is...
Straddle / strangle buy or sell indicator developed by Chobotaru Brothers. You need to have basic knowledge in option trading to use this indicator! The indicator shows P&L lines of the options strategy. Use only for stocks since the mathematical model of options for Future instruments is different from stocks. Plus, the days' representation in futures is also...