Indicator

GCM Hybrid SuperTrendTittle: GCM Hybrid SuperTrend
(The Gold Bar Edge — Professional Trading System)
"Like a Dead Ball saves a Batsman even if he is bowled-out, our Gold Bar at a Dead Point saves a Trader from Blowing Out."
Overview
In the world of trading, "Choppy Markets" are the ultimate account killers. Most trend-following indicators fail miserably during sideways movement, trapping traders with false signals and frequent stop-loss hits. GCM HST (Hybrid SuperTrend) is engineered specifically to act as your shield during market noise, ensuring you only participate when the trend has true momentum.
The Philosophy: "Dead Ball Saves a Batsman"
Our core logic is inspired by Cricket: Just like a batsman remains 'Not Out' even if he is bowled out on a Dead Ball, a trader using GCM HST remains protected during a false breakout. The Gold Bar at the Dead Point creates a safety window that must be breached before a trade is considered invalid, saving your account from "Blowing Out" due to temporary market spikes.
Why GCM HST is different (and better) than Classical SuperTrend?
• Noise Filtration (The Dead Point): Classical ST flips immediately when the price touches the line, often causing "whipsaws". GCM HST fixes a Gold Bar during the initial bars of a trend change to act as a buffer.
• Hybrid Stability: It maintains the previous trend's baseline for a specific window, ensuring the trend has truly shifted before giving a signal.
• Timeframe Intelligence: The Auto-Mode adapts sensitivity based on the chart's timeframe (1m, 5m, 15m, etc.), eliminating manual tuning.
• Integrated Safety: Provides a specific Safety Exit alert to protect capital during sudden market reversals.
To prove the superiority of the GCM HST, we analyzed its performance against the Classical ST. Here are the key advantages found:
1) False Signal Reduction: Classical ST traps traders in minor retracements, whereas GCM HST uses the Gold Bar to filter out nearly 40-50% of false signals.
2) Sideways Performance: While Classical ST suffers from frequent "Whipsaws" (Stop-loss hits), GCM HST stays neutral in the Dead Zone, preserving your capital.
3) Entry Precision: GCM HST provides surgical entry points confirmed only after the Safety Window, in minor retracements Safty Bar shows the loss cutting edge, unlike the standard version's immediate flips.
4) Account Protection: Our Hybrid logic is specifically designed to prevent "Blowing Out" during sudden market spikes.
How to Trade with GCM HST?
• Long Entry (BUY): Look for the Green Triangle and the Green Hybrid Line. Ensure the price stays above the Gold Bar during the safety window.
• Short Entry (SELL): Look for the Red Triangle and the Red Hybrid Line. The price should remain below the Gold Bar.
• The Safety Exit: If the price breaches the Gold Bar during the 'Dead Ball Window', exit the trade immediately.
• Pro Tip: Use the Dashboard at the bottom-right to monitor trend strength and mode at a glance.
Disclaimer: Trading involves significant risk. GCM HST is a technical analysis tool and does not guarantee profits. Past performance is not indicative of future results. Always use proper risk management and consult a financial advisor before trading.
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(Description in Kannada Language)
Tittle: ಜಿಸಿಎಂ ಹೈಬ್ರಿಡ್ ಸೂಪರ್ ಟ್ರೆಂಡ್
(ದಿ ಗೋಲ್ಡ್ ಬಾರ್ ಎಡ್ಜ್ — ಪ್ರೊಫೆಷನಲ್ ಟ್ರೇಡಿಂಗ್ ಸಿಸ್ಟಮ್)
"ಡೆಡ್ ಬಾಲ್ನಲ್ಲಿ ಬೌಲ್ಡ್ ಆದರೂ ಬ್ಯಾಟ್ಸ್ಮನ್ ಹೇಗೆ ಬಚಾವಾಗುತ್ತಾನೋ, ಹಾಗೆಯೇ ಡೆಡ್ ಪಾಯಿಂಟ್ನಲ್ಲಿರುವ ನಮ್ಮ ಗೋಲ್ಡ್ ಬಾರ್ ಟ್ರೇಡರ್ನನ್ನು ಅಕೌಂಟ್ ಬ್ಲೋ-ಔಟ್ ಆಗದಂತೆ ಕಾಪಾಡುತ್ತದೆ."
:ಪೀಠಿಕೆ:
ಟ್ರೇಡಿಂಗ್ ಲೋಕದಲ್ಲಿ "ಸೈಡ್ವೇಸ್ ಮಾರ್ಕೆಟ್" ಎಂಬುದು ಟ್ರೇಡರ್ಗಳ ಪಾಲಿನ ಮೃತ್ಯುಪಾಸವಿದ್ದಂತೆ. ಬೆಲೆಯ ಏರಿಳಿತವಿಲ್ಲದ ಸಮಯದಲ್ಲಿ ಸಾಮಾನ್ಯ ಇಂಡಿಕೇಟರ್ಗಳು ಸುಳ್ಳು ಸಿಗ್ನಲ್ಗಳನ್ನು ನೀಡಿ ನಿಮ್ಮ ಸ್ಟಾಪ್ಲಾಸ್ ಹಿಟ್ ಮಾಡಿಸುತ್ತವೆ. ಇದಕ್ಕೊಂದು ಕ್ರಾಂತಿಕಾರಿ ಪರಿಹಾರವೇ GCM HST (Hybrid SuperTrend). ಇದು ಮಾರ್ಕೆಟ್ನ "ನಾಯ್ಸ್" ಫಿಲ್ಟರ್ ಮಾಡಿ, ಶಕ್ತಿಯುತವಾದ ಟ್ರೆಂಡ್ ಇದ್ದಾಗ ಮಾತ್ರ ನಿಮ್ಮನ್ನು ಮಾರುಕಟ್ಟೆಗೆ ಆಹ್ವಾನಿಸುತ್ತದೆ.
ಸಿದ್ಧಾಂತ: "ಡೆಡ್ ಬಾಲ್ ಬ್ಯಾಟ್ಸ್ಮನ್ನನ್ನು ಉಳಿಸಿದಂತೆ"
ಒಬ್ಬ ಬ್ಯಾಟ್ಸ್ಮನ್ ಡೆಡ್ ಬಾಲ್ನಲ್ಲಿ ಬೌಲ್ಡ್ ಆದರೂ ಅವನು ಹೇಗೆ 'ನಾಟ್ ಔಟ್' ಆಗಿರುತ್ತಾನೋ, ಹಾಗೆಯೇ GCM HST ಬಳಸುವ ಟ್ರೇಡರ್ ಮಾರುಕಟ್ಟೆಯ ಸುಳ್ಳು ಬ್ರೇಕ್ಔಟ್ಗಳಲ್ಲಿ ಎಂಟ್ರಿ ಪಡೆದರೂ, ಅವನು Dead Point (Gold Bar) ಮೂಲಕ ಸುರಕ್ಷಿತವಾಗಿರುತ್ತಾನೆ. ಇದು ನಿಮ್ಮ ಟ್ರೇಡಿಂಗ್ ಅಕೌಂಟ್ "ಬ್ಲೋ ಔಟ್" (ಖಾಲಿ) ಆಗುವುದನ್ನು ತಪ್ಪಿಸುವ ಅಭೇದ್ಯ ಕವಚ.
ಕ್ಲಾಸಿಕಲ್ ಸೂಪರ್ಟ್ರೆಂಡ್ಗಿಂತ ಇದು ಹೇಗೆ ಭಿನ್ನ ಮತ್ತು ಶ್ರೇಷ್ಠ?
• ನಾಯ್ಸ್ ಫಿಲ್ಟ್ರೇಶನ್: ಸಾಮಾನ್ಯ ಸೂಪರ್ಟ್ರೆಂಡ್ ಬೆಲೆ ಲೈನ್ ಮುಟ್ಟಿದ ತಕ್ಷಣ ಸಿಗ್ನಲ್ ಬದಲಾಯಿಸುತ್ತದೆ. ಆದರೆ GCM HST, ಆರಂಭದಲ್ಲಿ Gold Bar ಅನ್ನು ಫಿಕ್ಸ್ ಮಾಡುವ ಮೂಲಕ ಸುಳ್ಳು ಸಿಗ್ನಲ್ಗಳನ್ನು ತಡೆಯುತ್ತದೆ.
• ಹೈಬ್ರಿಡ್ ಸ್ಟೆಬಿಲಿಟಿ: ಟ್ರೆಂಡ್ ಪಕ್ಕಾ ಆಗುವವರೆಗೂ ಹಳೆಯ ಬೇಸ್ಲೈನ್ ಅನ್ನು ಉಳಿಸಿಕೊಳ್ಳುವ ಮೂಲಕ ಹೆಚ್ಚಿನ ಭದ್ರತೆ ನೀಡುತ್ತದೆ.
• ಟೈಮ್ಫ್ರೇಮ್ ಇಂಟೆಲಿಜೆನ್ಸ್: ಪ್ರತಿ ಟೈಮ್ಫ್ರೇಮ್ಗೆ ತಕ್ಕಂತೆ ತನ್ನ ಸೆನ್ಸಿಟಿವಿಯನ್ನು ತಾನೇ ಬದಲಾಯಿಸಿಕೊಳ್ಳುತ್ತದೆ (Auto-Mode).
• ಸೇಫ್ಟಿ ಎಕ್ಸಿಟ್: ಅಪಾಯದ ಮುನ್ಸೂಚನೆ ನೀಡುವ 'ಸೇಫ್ಟಿ ಎಕ್ಸಿಟ್' ವೈಶಿಷ್ಟ್ಯ ಇದರಲ್ಲಿ ಮಾತ್ರ ಲಭ್ಯವಿದೆ.
ಸಾಮಾನ್ಯ ಸೂಪರ್ಟ್ರೆಂಡ್ಗಿಂತ GCM HST ಹೇಗೆ ಶ್ರೇಷ್ಠ ಎಂದು ನಾವು ಅಂಕಿಅಂಶಗಳ ಮೂಲಕ ಇಲ್ಲಿ ವಿವರಿಸಿದ್ದೇವೆ:
1) ಸುಳ್ಳು ಸಿಗ್ನಲ್ಗಳ ನಿಯಂತ್ರಣ: ಸಾಮಾನ್ಯ ಸೂಪರ್ಟ್ರೆಂಡ್ ಸಣ್ಣ ಏರಿಳಿತಗಳಿಗೂ ಸಿಗ್ನಲ್ ನೀಡುತ್ತದೆ. ಆದರೆ GCM HST ತನ್ನ ಗೋಲ್ಡ್ ಬಾರ್ ಮೂಲಕ ಸುಮಾರು 40-50% ಸುಳ್ಳು ಸಿಗ್ನಲ್ಗಳನ್ನು ತಡೆಯುತ್ತದೆ.
2) ಸೈಡ್ವೇಸ್ ಮಾರ್ಕೆಟ್ನಲ್ಲಿ ಸ್ಥಿರತೆ: ಬೆಲೆ ಏರಿಳಿತವಿಲ್ಲದ ಸಮಯದಲ್ಲಿ ಸಾಮಾನ್ಯ ಇಂಡಿಕೇಟರ್ಗಳು ಪದೇ ಪದೇ ಸ್ಟಾಪ್-ಲಾಸ್ ಹಿಟ್ ಮಾಡಿಸುತ್ತವೆ. GCM HST ಇಂತಹ ಸಮಯದಲ್ಲಿ ಶಾಂತವಾಗಿದ್ದು ನಿಮ್ಮ ಹಣವನ್ನು ಉಳಿಸುತ್ತದೆ.
3) ನಿಖರವಾದ ಎಂಟ್ರಿ: ಸೇಫ್ಟಿ ವಿಂಡೋ ನಂತರವಷ್ಟೇ ಕನ್ಫರ್ಮ್ ಸಿಗ್ನಲ್ ನೀಡುವುದರಿಂದ ಎಂಟ್ರಿ ಅತ್ಯಂತ ನಿಖರವಾಗಿ ಇರುತ್ತದೆ.
4) ಗರಿಷ್ಠ ಸುರಕ್ಷತೆ: ಮಾರುಕಟ್ಟೆಯ ದಿಢೀರ್ ಬದಲಾವಣೆಗಳಿಂದ ನಿಮ್ಮ ಅಕೌಂಟ್ ಖಾಲಿಯಾಗದಂತೆ (Blowing Out) ಇದು ಕಾಪಾಡುತ್ತದೆ.
GCM HST ಮೂಲಕ ಟ್ರೇಡ್ ಮಾಡುವುದು ಹೇಗೆ?
• ಬೈ ಎಂಟ್ರಿ (BUY): ಹಸಿರು ಟ್ರಯಾಂಗಲ್ ಬಂದಾಗ ಎಂಟ್ರಿ ಪಡೆಯಿರಿ. ಬೆಲೆಯು ಆರಂಭದಲ್ಲಿ Gold Bar ಗಿಂತ ಮೇಲಿರಲಿ.
• ಸೆಲ್ ಎಂಟ್ರಿ (SELL): ಕೆಂಪು ಟ್ರಯಾಂಗಲ್ ಬಂದಾಗ ಎಂಟ್ರಿ ಪಡೆಯಿರಿ. ಬೆಲೆಯು Gold Bar ಗಿಂತ ಕೆಳಗಿರಲಿ.
• ಸೇಫ್ಟಿ ಎಕ್ಸಿಟ್: ಬೆಲೆಯು Gold Bar ಅನ್ನು ದಾಟಿದರೆ, ತಕ್ಷಣ ಟ್ರೇಡ್ನಿಂದ ಹೊರಬನ್ನಿ. ಇದು ನಿಮ್ಮನ್ನು ದೊಡ್ಡ ನಷ್ಟದಿಂದ ಉಳಿಸುತ್ತದೆ.
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ಹಕ್ಕುತ್ಯಾಗ:
ಟ್ರೇಡಿಂಗ್ನಲ್ಲಿ ಹಣಕಾಸಿನ ಅಪಾಯವಿರುತ್ತದೆ. GCM HST ಒಂದು ತಾಂತ್ರಿಕ ವಿಶ್ಲೇಷಣಾ ಸಾಧನವಾಗಿದ್ದು, ಇದು ಲಾಭದ ಖಾತರಿ ನೀಡುವುದಿಲ್ಲ. ಹೂಡಿಕೆ ಮಾಡುವ ಮೊದಲು ನಿಮ್ಮ ಆರ್ಥಿಕ ಸಲಹೆಗಾರರನ್ನು ಸಂಪರ್ಕಿಸಿ ಮತ್ತು ರಿಸ್ಕ್ ಮ್ಯಾನೇಜ್ಮೆಂಟ್ ಪಾಲಿಸಿ.
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Strategy

Strategy

Bank Nifty Futures Five RoundsNSE:BANKNIFTY1!
STRATEGY OVERVIEW — BIG PICTURE
This is a mean-reversion, intraday, round-number rejection strategy designed for Bank Nifty Futures
on the 1-minute chart. It fades failed moves around major round numbers instead of chasing
momentum.
WHAT THIS STRATEGY IS NOT
• Not a breakout strategy
• Not a trend-following strategy
• Not a scalping strategy
CORE ASSUMPTION
Around 500-point round numbers, Bank Nifty often overshoots by ~50 points and then reverts. This
strategy fades that failed extension.
KEY LEVELS
Every bar identifies the current 500-point block.
Example: Price 59,732 → Block 59,500–60,000
Levels used:
• Exact 500 round (59,500)
• Round +50 (59,550) rejection zone
• Round −50 (59,450) rejection zone
TIME FILTER
Trades allowed only between 09:30 IST and 15:10 IST.
MARKET CONDITION FILTER
Distance from 50 EMA must be reasonable (~300 points max).
Trending markets are avoided.
ENTRY LOGIC
SHORT: Price touches +50 and closes below it (rejection).
LONG: Price touches −50 and closes above it (reclaim).
RISK MANAGEMENT
Hard stop loss from entry:
• Long: −80 points
• Short: +80 points
PROFIT MANAGEMENT
• 50% booked at +60 points
• Remaining 50% targets +160 points
• Break-even activates only after +90 points in favor
SESSION EXIT
All positions closed at 15:10 IST.
EXPECTANCY
Avg loss ≈ −80
Avg win ≈ +110 to +130
Win rate ≈ 45–52%
WHEN THIS STRATEGY FAILS
• Strong trend days
• News-driven sessions
• Very low volatility days
This is a survival-first intraday system designed for consistency, not prediction. Strategy

PSP SHALOM BNS - Global Pro Default OFFPSP Professional Asset Correlation Marker
This indicator identifies "Mixed Candles" (Divergence) between major indices like NASDAQ, S&P 500, and Dow Jones. Its primary goal is to spot moments where one asset is moving in the opposite direction of the others, signaling potential market shifts or "fake-outs".
Main Features:
Visual Correlation: Automatically compares the color (Red/Green) of the candle across selected assets.
PSP Marker: Displays a "P" (or your chosen shape) above the candle when a divergence is detected.
Integrated Alerts: Supports built-in alerts for real-time notification upon candle close.
Settings (Inputs):
Assets Selection (NASDAQ / S&P 500 / DAO): Choose the specific symbols you want to compare.
Include DAO: A toggle to include/exclude the Dow Jones from calculations (Default is OFF).
Sensitivity %: Define a minimum movement percentage to filter out market "noise" and Doji candles.
Marker Shape: Select your preferred visual icon (P, Star, Arrow, etc.).
Marker Size: Adjust the size of the icon on your chart (Small, Normal, Large).
Marker Color: Fully customize the color of the signal.
How to Enable Alerts (for the "Instructions" or "Description" field)
To receive real-time notifications (sound, pop-up, or mobile), follow these steps:
Open Alert Panel: Click the Clock icon on the right sidebar.
Create Alert: Click the + (Create Alert) button.
Condition: In the first dropdown, select "PSP SHALOM BNS - Global Pro".
Trigger: In the second dropdown, you must select "Any alert() function call".
Options: It is recommended to select "Once Per Bar Close" to avoid false signals during live candle movements.
Notification: Choose your preferred notification method (Notify in App, Pop-up, etc.).
Create: Click the Create button. You are all set!
גרסה בעברית
סיכום אינדיקטור: PSP Professional – זיהוי חריגות בין מדדים
אינדיקטור זה מזהה "נרות מעורבים" (Divergence) בין המדדים המרכזיים: נאסד"ק, S&P 500 ודאו ג'ונס. מטרתו העיקרית היא לאתר רגעים שבהם נכס אחד נע בכיוון הפוך מהשאר, מה שעשוי להעיד על שינוי במגמה או על פריצות שווא בשוק.
+1
תכונות עיקריות:
מתאם ויזואלי: השוואה אוטומטית של צבע הנר (אדום/ירוק) בין הנכסים שנבחרו.
סימון PSP: מציג את האות "P" (או כל צורה שתבחרו) מעל הנר ברגע שמתגלה חריגה.
התראות מובנות: תמיכה מלאה בהתראות בזמן אמת עם סגירת הנר.
הגדרות (Inputs):
בחירת נכסים (NASDAQ/S&P 500/DAO): בחירת הסימבולים הספציפיים להשוואה.
הכללת דאו ג'ונס (Include DAO): אפשרות להפעיל או לכבות את חישוב הדאו ג'ונס (ברירת מחדל: כבוי).
סף רגישות (Sensitivity %): קביעת אחוז תנועה מינימלי כדי לסנן "רעשי שוק" ונרות ללא גוף משמעותי.
צורת סימון (Marker Shape): בחירת האייקון שיופיע על הגרף (P, כוכב, חץ וכו').
גודל סימון (Marker Size): שליטה על גודל האייקון (קטן, רגיל, גדול).
צבע סימון (Marker Color): התאמה אישית של צבע הסיגנל.
הוראות להפעלת התראות
כדי לקבל התראות בזמן אמת (צליל, הודעה קופצת או התראה לנייד), יש לעקוב אחר השלבים הבאים:
פתיחת לוח ההתראות: לחצו על אייקון השעון בסרגל הכלים הימני.
יצירת התראה: לחצו על כפתור ה- + (Create Alert).
תנאי (Condition): בתיבה הראשונה, בחרו את האינדיקטור: "PSP SHALOM BNS - Global Pro".
טריגר: בתיבה השנייה, חובה לבחור באפשרות "Any alert() function call".
אפשרויות: מומלץ לבחור ב-"Once Per Bar Close" (פעם אחת בסגירת נר) כדי למנוע התראות שווא בזמן שהנר עדיין זז.
סיום: לחצו על Create. מעכשיו המערכת תתריע לכם על כל סיגנל! Indicator

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Guga Azevedo 10(EMAs + SMAs)============================== 10 MOVING AVERAGES (EMA + SMA)
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ENGLISH VERSION
10 Moving Averages (EMA + SMA) – Trend Structure from Micro to Macro
This indicator combines 7 Exponential Moving Averages (EMAs) and 3
Simple Moving Averages (SMAs) to provide a complete structural view of
the market, from micro momentum to macro trend regime.
Included Moving Averages: EMAs: 9, 20, 21, 34, 50, 100, 200 SMAs: 50,
100, 200
How to Use:
1. Trend Regime Filter Price above EMA/SMA 200 = bullish bias. Price
below EMA/SMA 200 = bearish bias.
2. Alignment / Stacking When shorter MAs are above longer MAs, trend
strength increases. Full alignment suggests strong directional
continuation.
3. Pullback Depth Analysis Respecting EMA 9 or 20 = strong trend.
Pullback to 34 or 50 = healthy trend. Pullback to 100 = moderate
strength. Loss of 200 = possible structural shift.
4. MA Compression When multiple MAs cluster together:
- Volatility contraction
- Accumulation phase
- Potential breakout setup
Features: - Line Mode or Ribbon Mode - Individual MA toggle on/off -
Custom colors - Anti-overlap labels on chart - Optional side table for
clean layout
Disclaimer: This is not an automated trading system. Always use proper
risk management and additional context (volume, structure, price
action).
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Dual Iron Butterfly Analyzer Overview
This indicator backtests and analyzes a 0DTE (zero days to expiration) dual iron butterfly options strategy on SPX. It measures how often price stays within profitable ranges from a fixed daily entry time to settlement, calculating expected P/L based on your butterfly structure.
The strategy enters at 16:00 CET (10:00 ET) and settles at RTH close (22:00 CET / 16:00 ET), giving approximately 6 hours of exposure per trade.
Strategy Structure
The dual iron butterfly consists of two overlapping flies centered around the entry price:
Fly A (Bearish-Biased)
Center strike at Entry Price minus Offset (default: -20 points)
Wings extend ±40 points from center
Fly B (Bullish-Biased)
Center strike at Entry Price plus Offset (default: +20 points)
Wings extend ±40 points from center
This creates three profit zones:
Max Profit Zone: Price settles between the two center strikes (within ±20 points of entry)
Both Win Zone: Price settles where both flies remain profitable (within ±40 points)
Breakeven Zone: Combined structure breaks even at ±60 points from entry
How It Works
The indicator captures the entry price at 16:00 CET each trading day and records the settlement price at the following day's first bar. It then calculates:
Deviation Analysis
Absolute percentage and point deviation from entry to settlement, sorted into customizable buckets to show the probability distribution.
P/L Calculation
For each fly, the P/L formula is: Credit minus the minimum of (deviation from center) or (wing width). The combined P/L sums both flies. With default settings (29 points credit per fly, $100 multiplier), max profit per day is $3,200 and max loss is $2,200.
Drawdown Tracking
The indicator tracks cumulative P/L over the lookback period, calculating peak equity, maximum drawdown, and current drawdown to assess strategy risk.
What Makes This Different
Unlike standard deviation indicators, this tool is purpose-built for options traders analyzing dual iron butterfly viability. It provides:
Options-specific P/L calculations based on actual butterfly payoff structure
Visual probability distribution with key thresholds marked (breakeven, both-win, max-profit zones)
Rolling lookback window that respects your chosen sample size
Drawdown metrics essential for position sizing and risk management
Features
Distribution Table — Shows deviation buckets with cumulative probability
Zone Highlighting — Color-coded rows for max profit, both-win, and breakeven thresholds
P/L Summary — Total P/L, average per session, win rate, best/worst days
Drawdown Section — Max drawdown in dollars and percentage, peak equity, current drawdown
Optional Labels — Entry and settlement markers on the chart
Configurable Structure — Adjust offset, wing width, and credit to match your actual trades
Settings Guide
Iron Butterfly Structure
Center Offset — Distance from entry price to each fly's center strike (default: 20 points). Larger offset = wider max profit zone but lower probability.
Wing Width — Distance from center to outer wings (default: 40 points). Determines max loss per fly and breakeven distance.
Net Credit per Fly — Premium received per iron butterfly in SPX points (default: 29). Adjust based on current market conditions and your actual fills.
Lookback — Rolling window of trading days to analyze (default: 252 = 1 year). Use 504 for 2 years of data.
Distribution Settings
Bucket Size — Percentage increment for distribution buckets (default: 0.10%). Smaller = more granular view.
Number of Buckets — How many rows to display (default: 20).
Display
Table Position — Corner placement for the statistics table.
Show Entry/Settle Labels — Toggle chart labels marking entry and settlement prices.
How to Use
Apply to SPX (SPCFD) on an intraday timeframe (1 hour recommended)
Set the butterfly parameters to match your intended trade structure
Review the Cumul % column to see probability of staying within each deviation level
The highlighted BREAKEVEN row shows your probability of profit
Use the P/L Summary to evaluate expected returns over your lookback period
Monitor the Drawdown section to understand worst-case scenarios for position sizing
Interpreting the Table
Purple row (MAX PROFIT) — Deviation where both flies achieve maximum profit
Green row (BOTH WIN) — Deviation where both flies remain profitable
Yellow row (BREAKEVEN) — Combined structure breakeven point
Green percentages (≥80%) — High probability levels
Orange percentages (60-79%) — Medium probability levels
Red percentages (<60%) — Lower probability levels
Chart Requirements
Symbol: SPX (use SPCFD for extended hours data)
Timeframe: Intraday (1h recommended, 30m or lower also works)
The chart must include 16:00 CET bars for entry detection
Alerts
Deviation Exceeds Breakevens — Triggered when settlement exceeds the combined breakeven range
Max Profit Zone Hit — Triggered when settlement falls within the max profit zone
Limitations
Historical analysis only — Past deviation patterns may not predict future behavior
Fixed entry time — Does not account for intraday entry timing optimization
Credit assumption — Actual premiums vary with VIX, time to expiry, and market conditions
No transaction costs — Does not include commissions, fees, or slippage
Single contract — Assumes 1 contract per trade with no scaling or compounding
Disclaimer
This indicator is for educational and research purposes only. It does not constitute financial advice.
Past performance does not guarantee future results
Options trading involves significant risk of loss
The P/L calculations are theoretical based on your input parameters
Always paper trade and validate with real market data before risking capital
Conduct your own research and consult a financial advisor if needed
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