Weekly Short Strangle in % terms Bands

Draw lines/band or deviation for any Script based on given input %
Generally used for Weekly options strangle/iron condor BANKNIFTY / NIFTY

1) Input % deviation required
2) for every Thursday Closing basis calculates the % distance and draws bands until next Thursday

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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