Prints lines on the chart marking the price points for the standard deviation move using historical volatility . This script was born out of a need to easily spot target points for the wings of my Iron Condor Options trades. The study only shows on the Daily chart . Volatility is calculated based on the standard deviation of the daily returns of price. Price targets are calculated off yesterday's closing price and will not reprint.
Inputs
Inputs
- Days to Expiration - allow you to enter the number of days to expiration for the option, default is 30 for those monthly options traders but can be adjusted to your desire.
- Standard Deviation - you can enter the number of deviations for which to calculate the price points 1,2, or 3.
- Days in Year - you can adjust the number of days in the year used to calculate the daily volatility multiplier.
Note di rilascio:
Added Option to allow you to show/hide the upper and lower bounds plotted.
Also fixed bug to address if the lower bound is less than 0
Lastly added option to extend the Days to Expiration to 3 years (1095 days) default is still 30.
Also fixed bug to address if the lower bound is less than 0
Lastly added option to extend the Days to Expiration to 3 years (1095 days) default is still 30.
Difficult Takes a day, Impossible Takes a Week!