OPEN-SOURCE SCRIPT
Diupdate Avg Weekly Move + Implied
Projects the expected weekly range and the key levels that drive it, anchored to the current week and readable on any timeframe; no repaint.
What it plots
- Average weekly move band — the mean weekly move over a configurable lookback, drawn as upper/lower lines around an anchor (this week's open or prior week's close). Choose Close-to-Close or High-Low Range, and Percent basis (scales to current price) or raw Points.
- Implied move overlay (manual) — enter the expected move from your broker's option chain for the weekly expiry; plots a dashed band and shows the implied-vs-realized ratio so you can see if options are pricing more or less than history.
- Prior-week high / low — the prior week's range edges, the levels price most often reaches for.
- OpEx markers — faded shading on monthly 3rd-Friday expirations, with quad-witching (Mar/Jun/Sep/Dec) in its own color and an optional charm run-in shade.
- Dashboard (bottom-right) — avg move, implied (+ ratio), band "held %" reliability, prior-week levels, next OpEx. date/type/phase, and a per-symbol PWH-reliability flag.
How to read it
- "Held %" tells you how often the band actually contained the week — high = trustworthy, low = the symbol's vol outruns its average (treat the band loosely).
- The PWH flag reads "Reliable here" on broad-index symbols and "Weak" on range-bound names...the prior-high draw is strongest on indices; back-tested this over 3 years.
Notes
- Non-repainting: all weekly values come from completed weeks via higher-timeframe data, so they stay fixed intra-week and read identically on 15m, 1H, or daily.
- The Implied Move is a manual input (Pine can't access options data) — refresh it each week per symbol. I use ThinkOrSwim for finding the Implied Move.
- Works on any symbol; OpEx dates are universal, but the OpEx behavioral context was studied on index products. I imagine, a date or two could be off, but you can save and adjust the code as you see fit.
What it plots
- Average weekly move band — the mean weekly move over a configurable lookback, drawn as upper/lower lines around an anchor (this week's open or prior week's close). Choose Close-to-Close or High-Low Range, and Percent basis (scales to current price) or raw Points.
- Implied move overlay (manual) — enter the expected move from your broker's option chain for the weekly expiry; plots a dashed band and shows the implied-vs-realized ratio so you can see if options are pricing more or less than history.
- Prior-week high / low — the prior week's range edges, the levels price most often reaches for.
- OpEx markers — faded shading on monthly 3rd-Friday expirations, with quad-witching (Mar/Jun/Sep/Dec) in its own color and an optional charm run-in shade.
- Dashboard (bottom-right) — avg move, implied (+ ratio), band "held %" reliability, prior-week levels, next OpEx. date/type/phase, and a per-symbol PWH-reliability flag.
How to read it
- "Held %" tells you how often the band actually contained the week — high = trustworthy, low = the symbol's vol outruns its average (treat the band loosely).
- The PWH flag reads "Reliable here" on broad-index symbols and "Weak" on range-bound names...the prior-high draw is strongest on indices; back-tested this over 3 years.
Notes
- Non-repainting: all weekly values come from completed weeks via higher-timeframe data, so they stay fixed intra-week and read identically on 15m, 1H, or daily.
- The Implied Move is a manual input (Pine can't access options data) — refresh it each week per symbol. I use ThinkOrSwim for finding the Implied Move.
- Works on any symbol; OpEx dates are universal, but the OpEx behavioral context was studied on index products. I imagine, a date or two could be off, but you can save and adjust the code as you see fit.
Catatan Rilis
Updated....Implied move
- VIX-auto option — auto-fills the band from VIX9D (default, correct weekly tenor) or VIX, symbol-aware (VIX→SPX/SPY, VXN→QQQ, RVX→IWM), toggle to revert to manual, gated on non-index symbols.
Prior-week levels
- Self-aware PWH reliability flag — "Reliable here" (SPX/SPY/QQQ) vs "Weak" elsewhere.
OpEx calendar (all auto-computed, zero-repaint)
- Faded OpEx shading — monthly grey, quad-witching orange.
- Charm run-in shade (~T-5→T0) + 14-day max-pain watch shade.
- Dashboard Phase (Charm/Quad run-in / Post-OpEx / Neutral) + Next-OpEx date/type.
Manual GEX levels (key from Periscope; 0 = hidden)
- Max Pain + GEX Flip — glowing lines (halo + core), color pickers, glow toggle.
- Independent label offsets for each (to stagger when close).
- 3 positive + 3 negative gamma zones — top/bottom shaded bands, color pickers.
Dashboard (bottom-right) — Avg move, Implied (+ratio), Held %, PW High/Low, Next OpEx, Type, Phase, PWH flag, VIX level + regime (calm/normal/elevated/stress). Text-size option.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.