Plot expected move on chart

Soaring Eagle

New member
How can the expected move high and low price be plotted on a chart? It would move dynamically as the price moves and the expected move from the option chain changes.

This is what I visualize:
Expected move charting.jpg


I cannot see how to create this in ThinkScript, although it seems that it should be simple to set up.

To make this happen now, I have to manually calculate the high and low expected moves and enter Price Level lines. This requires constant updating throughout the day as the price and expected move change.

My searches do not give an answer. All that comes up is the expected move cone parabola, but that is not what I am looking for.

I would appreciate help, thanks!
 
Solution
How can the expected move high and low price be plotted on a chart? It would move dynamically as the price moves and the expected move from the option chain changes.

This is what I visualize:


I cannot see how to create this in ThinkScript, although it seems that it should be simple to set up.

To make this happen now, I have to manually calculate the high and low expected moves and enter Price Level lines. This requires constant updating throughout the day as the price and expected move change.

My searches do not give an answer. All that comes up is the expected move cone parabola, but that is not what I am looking for.

I would appreciate help, thanks!

how are you calculating it?
like this...
How can the expected move high and low price be plotted on a chart? It would move dynamically as the price moves and the expected move from the option chain changes.

This is what I visualize:


I cannot see how to create this in ThinkScript, although it seems that it should be simple to set up.

To make this happen now, I have to manually calculate the high and low expected moves and enter Price Level lines. This requires constant updating throughout the day as the price and expected move change.

My searches do not give an answer. All that comes up is the expected move cone parabola, but that is not what I am looking for.

I would appreciate help, thanks!

how are you calculating it?
like this?
https://calculator.academy/options-expected-move-calculator/

this uses that formula. start with this and remove most of the plots and add a highestall() that wraps the number from the desired bar.
https://usethinkscript.com/threads/expected-move-probability-cone-for-thinkorswim.10891/#post-98640
 
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