Bionic -- Expected Weekly Levels (Public)

10 thg 2

This script will draw lines for Expected Weekly Levels based upon Previous Friday Close, Implied Volatility (EOD Friday), and the square root of Days to Expire (always 7) / 365.

Script will draw 2 high and low levels:
*1st levels are 1 standard deviation from the Previous Friday Close.
* 2nd levels are 2 standard deviation from the Previous Friday Close.

There are also a 1/2 Low and 1/2 Low 1st level. These are 1/2 a standard deviation and act more as a point of interest level. 1/2 levels have 34% probability.

Configurations:
* All lines styles are individually configurable
* All lines can individually be turned on/off
* Text for all lines can be changed
* Global config allows for the
* Lines to show the price on the label
* Lines to have text in the label
* Hide or show all labels
* Lines offset from price is configurable
* Label size is configurable

9 thg 3

Phát hành các Ghi chú

* Added individual Implied Volatility inputs for Calls/Longs and Puts/Short
* IV may be different between Calls and Puts based upon overall market sentiment
* Allows greater precision and flexibility for the end user
* The same values can be used in both input if desired.

16 thg 3

Phát hành các Ghi chú

Updated calculation from 365 days to 252 days.

Industry standard when calculated values is 252 (the number of trading days in a year) and NOT 365 (number of calendar days in a year).

Also updated the default input for the Previous Friday close to be 0.0.

23 thg 3

Phát hành các Ghi chú

* Made days available for trading configurable. Deafult is 365 days (total days in calendar year) and other options commonly used is 252 days (number of trading days in a calendar year).
++++ User now has ability to choose number of days for calcualtion.

+ Changed default line from Dashed to Solid

4 thg 4

Phát hành các Ghi chú

Updated script to include 3 standard deviations, i.e. a 3rd Level low & high.

4 thg 4

Phát hành các Ghi chú

Fixed bug with 3rd level deviation calculation