High Volume Strikes - NovaTheMachine

Converts your inputs into Horizontal Lines on a chart, Creates a table to indicate all known levels input & tell you how far away you are from each level.
This is a quality of life indicator, not a signal, or trend indicator.


In order for the indicator to plot the levels correctly, please use the following format (Where 'TICKER' is replaced by your instrument of choice such as 'SPY', and 'value' is a positive number with up to 2 decimal places, such as '123.45';

"TICKER: Golden Strike:value, HVOL Upper:value, HVOL Lower:value, MVC:value, MVP:value, CVR Upper:value, CVR Lower:value, PVR Upper:value, PVR Lower:value, Block 1:value, Block 2:value, Block 3:value, Block 4:value, Block 5:value, Block 6:value"



These Key Levels described below, are values You must determine yourself via Options Chain Volume Analysis

• MVC: Most Volume Call - Single Strike with Highest Volume Traded on Call Side
  
• MVP: Most Volume Put - Single Strike with Highest Volume Traded on Put Side
  
• Golden Strike: When MVC = MVP, otherwise = The Sum of (MVP + MVC)/2
  
• HVOL Range: The Range in which Strikes are traded most on both Call & Put sides
  
• PVR: The Total useful Range that is un-interrupted on both Call & Put sides
  
• CVR: The Range of Strikes that is un-interrupted on both Call & Puts sides for the Next Expiry
  
• Blocks: Individual Blocks that may be of significant Volume, on either Call or Put sides, outside the range of CVR & PVR