OPEN-SOURCE SCRIPT
Updated Expected Move Rails (IV-based)
Plots the expected move based on the IV you enter.
Release Notes
Plots the expect move based on implied volatility. You must enter the IV manually.Release Notes
Removed prior days, only shows current day PM & RTH info.Release Notes
Small tweak.Release Notes
Updated to only show 1 day of data, so it will show Friday's rails until Monday's premarket, Monday's rails until Tuesday's premarket, etc...Everything is adjustable. Band color/opacity. Line type/color/opacity. IV used, divisor, etc...
If you have any requests/comments, just let me know.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.