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OPEN-SOURCE SCRIPT
Updated

Expected Move Levels

Input: Expected move (EM) as a percentage
Plots: Levels with 0.5EM spaces up and down until 3EM with red lines.
Useful for expected move traders for SPX 0DTE.
Release Notes
This TradingView script visualizes Expected Move (EM) levels for 0DTE SPX trading, showing potential price targets as multiples of a user-defined expected move percentage.

It displays both the EM multiple (0.5EM, 1EM, etc.) and the percentage move at each level.

The script can be customized to show only upper or lower levels, and works effectively on intraday timeframes commonly used in 0DTE trading.
Release Notes
Extended the bars intraday to show longer lines
Release Notes
* Fix incorrect naming
* Fix solid/dashed lines for negative EMs
Release Notes
* Fix the levels moving with the current price intraday, and be fixed
* Fix the lines starting from last bar intraday, but start of the day.
cherrug
Bands and Channels

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 publications is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

cherrug

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