OPEN-SOURCE SCRIPT
Futures Expected Move (Multi-Asset)
This indicator automatically calculates and plots the Expected Move (Implied Volatility Range) for major indices and futures, helping traders visualize where the market is statistically likely to stay for a given timeframe.
Unlike standard volatility indicators, this script is Asset-Aware. It automatically detects which symbol you are trading and pulls the correct institutional Volatility Index to calculate the move:
ES / SPX (S&P 500): Uses VIX
NQ (Nasdaq-100): Uses VXN (Cboe Nasdaq Volatility Index)
GC (Gold): Uses GVZ (Cboe Gold Volatility Index)
Key Features:
🎯 Smart Symbol Detection: No need to manually change settings when switching between ES, NQ, or Gold. The script adjusts the calculation and color-coding automatically (Blue for ES, Purple for NQ, Gold for GC).
⚙️ Customizable DTE: Easily change the "Days to Expiration" (Input 1.0 for Daily Expected Move, 7.0 for Weekly, etc.) to match your trading strategy.
📊 Live Data Table: Displays exactly which Volatility Index is being used and the exact price value of the implied move.
📉 Visual Zones: Plots clear Upper and Lower bounds to help identify potential reversal zones, profit targets, or strike placements for credit spreads.
How to Use:
Add the indicator to your chart (Works best on ES, NQ, GC, or SPX).
Go to Settings and input your target DTE (Default is 1 Day).
Use the Upper and Lower bands to gauge the market maker's expected range for the session.
Perfect for futures day traders and options sellers looking for statistical edges.
Unlike standard volatility indicators, this script is Asset-Aware. It automatically detects which symbol you are trading and pulls the correct institutional Volatility Index to calculate the move:
ES / SPX (S&P 500): Uses VIX
NQ (Nasdaq-100): Uses VXN (Cboe Nasdaq Volatility Index)
GC (Gold): Uses GVZ (Cboe Gold Volatility Index)
Key Features:
🎯 Smart Symbol Detection: No need to manually change settings when switching between ES, NQ, or Gold. The script adjusts the calculation and color-coding automatically (Blue for ES, Purple for NQ, Gold for GC).
⚙️ Customizable DTE: Easily change the "Days to Expiration" (Input 1.0 for Daily Expected Move, 7.0 for Weekly, etc.) to match your trading strategy.
📊 Live Data Table: Displays exactly which Volatility Index is being used and the exact price value of the implied move.
📉 Visual Zones: Plots clear Upper and Lower bounds to help identify potential reversal zones, profit targets, or strike placements for credit spreads.
How to Use:
Add the indicator to your chart (Works best on ES, NQ, GC, or SPX).
Go to Settings and input your target DTE (Default is 1 Day).
Use the Upper and Lower bands to gauge the market maker's expected range for the session.
Perfect for futures day traders and options sellers looking for statistical edges.
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.