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업데이트됨 CL OVX Implied Daily Range
This indicator combines the CBOE OVX Implied Daily Range (Black-Scholes style) with dynamic Rays. It plots the expected daily trading range for Crude Oil (CL) based on current OVX volatility.
On top of that, it automatically draws two special horizontal rays:
Ray 1: Fires from the lowest point the upper band has reached in the selected lookback period. Ray 2: Fires from the highest point the lower band has reached in the same period.
Each ray continues extending right until the opposite ray triggers (stops when other fires, and vice versa). This creates clean, non-cluttered reference levels.
The result is a volatility-based range with intelligent horizontal support/resistance rays that adapt to the actual behavior of the implied range.
Main Use Cases
Dynamic Support & Resistance
The top rays often acts as a strong overhead resistance level once the upper band has been “pushed down.” The bottom rays frequently acts as dynamic support when the lower band has been “pushed up.”
Mean Reversion Trading
Many traders use these rays as targets or mean-reversion zones. For example, if price is near the upper band and a ray is active, it highlights a high-probability area where price may stall or reverse.
Breakout Confirmation
When price breaks and holds above the upper ray (or below the lower ray), it can signal stronger momentum because it has cleared the recent “tightest” implied range boundary.
Volatility Context
Helps you visually see when the implied range is contracting (rays appear closer together) or when it’s expanding, giving you better context for position sizing and stop placement.
Intraday / Swing Trading on CL
Very useful on 15min, 30min, 1H, and 4H charts for Crude Oil to identify high-probability bounce or rejection zones based on options-implied volatility.
On top of that, it automatically draws two special horizontal rays:
Ray 1: Fires from the lowest point the upper band has reached in the selected lookback period. Ray 2: Fires from the highest point the lower band has reached in the same period.
Each ray continues extending right until the opposite ray triggers (stops when other fires, and vice versa). This creates clean, non-cluttered reference levels.
The result is a volatility-based range with intelligent horizontal support/resistance rays that adapt to the actual behavior of the implied range.
Main Use Cases
Dynamic Support & Resistance
The top rays often acts as a strong overhead resistance level once the upper band has been “pushed down.” The bottom rays frequently acts as dynamic support when the lower band has been “pushed up.”
Mean Reversion Trading
Many traders use these rays as targets or mean-reversion zones. For example, if price is near the upper band and a ray is active, it highlights a high-probability area where price may stall or reverse.
Breakout Confirmation
When price breaks and holds above the upper ray (or below the lower ray), it can signal stronger momentum because it has cleared the recent “tightest” implied range boundary.
Volatility Context
Helps you visually see when the implied range is contracting (rays appear closer together) or when it’s expanding, giving you better context for position sizing and stop placement.
Intraday / Swing Trading on CL
Very useful on 15min, 30min, 1H, and 4H charts for Crude Oil to identify high-probability bounce or rejection zones based on options-implied volatility.
릴리즈 노트
show fill checkbox wasn't working. it is now.오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.