OPEN-SOURCE SCRIPT
UnofficialRocket
UnofficialRocket is a custom overlay indicator built from a VARIS-style VWAP zone template.
The indicator plots a session VWAP that resets at 6:00 PM New York time and adds adjustable upper and lower point-based bands around VWAP. These zones are designed to help visualize intraday balance, risk intervals, and price distance from VWAP.
UnofficialRocket also includes manual levels for:
Weekly HP
Monthly HP
DD Band High
DD Band Low
These manual levels can be entered directly in the indicator settings and displayed as horizontal chart levels. The DD Band High and DD Band Low can also be filled as a custom zone.
Important: This indicator does not calculate real dealer gamma or real options positioning. The HP and DD levels are manually entered external reference levels. The script is intended as a visual trading tool for VWAP zones, hedge-pressure reference levels, and discretionary market structure analysis.
The indicator plots a session VWAP that resets at 6:00 PM New York time and adds adjustable upper and lower point-based bands around VWAP. These zones are designed to help visualize intraday balance, risk intervals, and price distance from VWAP.
UnofficialRocket also includes manual levels for:
Weekly HP
Monthly HP
DD Band High
DD Band Low
These manual levels can be entered directly in the indicator settings and displayed as horizontal chart levels. The DD Band High and DD Band Low can also be filled as a custom zone.
Important: This indicator does not calculate real dealer gamma or real options positioning. The HP and DD levels are manually entered external reference levels. The script is intended as a visual trading tool for VWAP zones, hedge-pressure reference levels, and discretionary market structure analysis.
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.