Hi, I'm a new VIP member. Just an old retired geezer selling credit spreads on SPX . I'm wondering
if someone can help me create a simple study that displays two labels. Label 1 calculates the difference
between the current price of a stock and the short call strike price (I will manually input this strike price).
Label 2 calculates the difference between the current price of a stock and the short put strike
(also an input).
And if it's not too much trouble, also compare the results also. If Label 1 is greater than label 2, add the color green to label, 1 then red for
label 2. Then Vice versa.
I have this on an excel spreadsheet but would like to have it on my TOS chart.
I appreciate your help.
if someone can help me create a simple study that displays two labels. Label 1 calculates the difference
between the current price of a stock and the short call strike price (I will manually input this strike price).
Label 2 calculates the difference between the current price of a stock and the short put strike
(also an input).
And if it's not too much trouble, also compare the results also. If Label 1 is greater than label 2, add the color green to label, 1 then red for
label 2. Then Vice versa.
I have this on an excel spreadsheet but would like to have it on my TOS chart.
I appreciate your help.