10% Bands with Touch Detection - for OPTION SELLERS

שלשום

What it does
This indicator provides you a band of x% (default to 10%) to show if a script has breached (in terms of monthly closure and not considering the wicks) above or below the x%.

Why use it
You may use this indicator to decide if a particular script is volatile enough to cross the x% mark. In case it is NOT then you may Sell the Call Option and PUT Option for that script every month and make 1-3% on a monthly basis for a script which is very stable and does not jump up and down.

When to use it
If you have a Large Cap cap script like HDFCBANK or RELIANCE, they are not going to fall much and are not going to fire up much but give dividends and are hedge against the bear market.

All the best. Reach out to me at nsrivastava2gmail.com for any issue with the script.

שלשום

הערות שחרור

Purpose:
This script was developed by me to identify how many times a script crosses x% band (defaulting to 10%). This was done to identify Large Cap scripts which have liquidity in their Options and we can check if selling the CALL and PUT options might be a safe bet every month giving a return of 1-3%.

Target Audience:
Mainly the script targets those who have a defensive portfolio with Large caps and do not have time for daily trading. They are missing on the earning potentials. Such investors can make safe bets using this indicator to see if it is fruitful to take that risk.

How to read this indicator:

• Put this indicator on a monthly chart. It might not be that useful on a weekly chart or daily chart because of too much noise.
  
• RED triangles show the breach above or below the band.
  
• Right corner shows the table of how many times in the lifetime of the script the breaches have happened giving you and idea of risk.
  
• you may also change the settings to use the breach based on Wicks instead of body.
  

שלשום

הערות שחרור

Purpose:
This script was developed by me to identify how many times a script crosses x% band (defaulting to 10%). This was done to identify Large Cap scripts which have liquidity in their Options and we can check if selling the CALL and PUT options might be a safe bet every month giving a return of 1-3%.

Target Audience:
Mainly the script targets those who have a defensive portfolio with Large caps and do not have time for daily trading. They are missing on the earning potentials. Such investors can make safe bets using this indicator to see if it is fruitful to take that risk.

How to read this indicator:

• Put this indicator on a monthly chart. It might not be that useful on a weekly chart or daily chart because of too much noise.
  
• RED triangles show the breach above or below the band.
  
• Right corner shows the table of how many times in the lifetime of the script the breaches have happened giving you and idea of risk.
  
• You may also change the settings to use the breach based on Wicks instead of body.
  
• By Default the script shows for 60 months rolling comparison but you can always edit.
  

In case of any issues with the script you may reach out to me at nsrivastava2gmail.com