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