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.

Want to use this script on a chart?


Hi, SharemarketRaja. first of all congrats for your work.
I would like to know how it would be possible to adapt your script to any instrument on the market.
If so, how would it be done?
Thank you
@aralad, it only works for banknifty or any index not for stock, it is just a tool you can change input according to you
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