indiciatorhead
New member
# Define input parameters
input period = "Daily";
input expiration = 1;
# Calculate implied volatility
def vol = ImpVolatility(period, expiration);
# Calculate expected move
def price = close;
def move = price * vol;
# Plot expected move
plot expectedMove = move;
expectedMove.SetDefaultColor(GetColor(7));
expectedMove.SetLineWeight(2);
# Add labels and formatting
AddLabel(yes, Concat("Expected Move: ", move), color = GetColor(7));
AddVerticalLine(Expiration(), color = GetColor(7), style = Curve.SHORT_DASH);
input period = "Daily";
input expiration = 1;
# Calculate implied volatility
def vol = ImpVolatility(period, expiration);
# Calculate expected move
def price = close;
def move = price * vol;
# Plot expected move
plot expectedMove = move;
expectedMove.SetDefaultColor(GetColor(7));
expectedMove.SetLineWeight(2);
# Add labels and formatting
AddLabel(yes, Concat("Expected Move: ", move), color = GetColor(7));
AddVerticalLine(Expiration(), color = GetColor(7), style = Curve.SHORT_DASH);