muthushun

HV/IV Options Indicator - Muthu S

This HV/IV indicator helps you to select an opt Option Strategy. It creates 5 areas & each area defines the present status of the option premium, which varies from Very Low to Very High. From the bottom, (Option Premium is)

Area 1. Very Low
Area 2. Low
Area 3. Fair
Area 4. High
Area 5. Very High

Find which area, current Implied Volatility (User Input) belongs in & choose the option strategy accordingly. Implied Volatility is marked in Black colour circles.

Kindly note, Prior knowledge of Options, Volatility (Historical & Implied) is mandatory to use this indicator. This is shared for education purpose only.
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This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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