PROTECTED SOURCE SCRIPT
BPS Dashboard (Alert)
#BPS Dashboard (Alert)
1. Script Loading:
Add the script to your chart. Ensure you are on a liquid ticker (like SPX or high-volume stocks) as the volatility and "Expected Move" calculations rely on consistent price data.
2. Dashboard Placement:
By default, the dashboard is set to the Bottom-Right with Normal text size. If you need to move it, go to Settings > Dashboard Settings to adjust position and scale.
3. Trend Confirmation (Bias):
Use the "Bias" cell as your primary filter. Only consider opening a Bull Put Spread when the status is BULLISH or STRONG BULLISH.
4. Volatility Check: Monitor the Ann. Vol (Annualized Volatility).
The script highlights this in green when risk is low (<35%) and red when it's high (>50%). High vol increases your premium but also the risk of a fast move against you.
5. Strike Selection (Short Put):
The dashboard automatically calculates a suggested Short Put strike based on a 1.3x standard deviation "Expected Move" (approx. 37 days to expiration). Use this as your primary anchor for the "sold" leg.
6. Spread Protection (Long Put):
The Long Put strike is dynamically calculated based on the available buffer. This helps maintain a proportional risk-reward ratio regardless of market conditions.
7. Safety Margin (Buffer): Check the Buffer %!
This tells you how much the price can drop before your Short Put is breached. Aim for a buffer of >6% (Green) for a conservative entry.
8. Automated Alerts: The script is programmed with sound-trigger logic. To activate, click the "Alerts" icon in TradingView, select "BPS Dashboard (Alert)" as the condition, and ensure "Play Sound" is checked.
9. Signal Execution:
Buy Signal: Look for the green triangle below the bars (Neutral to Bullish shift).
Sell/Exit Signal: Look for the red triangle above the bars (Shift to Bearish).
10. Risk Management:
Never rely solely on the dashboard. Use the visual Linear Regression lines (LR50/LR100) on your chart to confirm that the price is not overextended before entering a new position.
1. Script Loading:
Add the script to your chart. Ensure you are on a liquid ticker (like SPX or high-volume stocks) as the volatility and "Expected Move" calculations rely on consistent price data.
2. Dashboard Placement:
By default, the dashboard is set to the Bottom-Right with Normal text size. If you need to move it, go to Settings > Dashboard Settings to adjust position and scale.
3. Trend Confirmation (Bias):
Use the "Bias" cell as your primary filter. Only consider opening a Bull Put Spread when the status is BULLISH or STRONG BULLISH.
4. Volatility Check: Monitor the Ann. Vol (Annualized Volatility).
The script highlights this in green when risk is low (<35%) and red when it's high (>50%). High vol increases your premium but also the risk of a fast move against you.
5. Strike Selection (Short Put):
The dashboard automatically calculates a suggested Short Put strike based on a 1.3x standard deviation "Expected Move" (approx. 37 days to expiration). Use this as your primary anchor for the "sold" leg.
6. Spread Protection (Long Put):
The Long Put strike is dynamically calculated based on the available buffer. This helps maintain a proportional risk-reward ratio regardless of market conditions.
7. Safety Margin (Buffer): Check the Buffer %!
This tells you how much the price can drop before your Short Put is breached. Aim for a buffer of >6% (Green) for a conservative entry.
8. Automated Alerts: The script is programmed with sound-trigger logic. To activate, click the "Alerts" icon in TradingView, select "BPS Dashboard (Alert)" as the condition, and ensure "Play Sound" is checked.
9. Signal Execution:
Buy Signal: Look for the green triangle below the bars (Neutral to Bullish shift).
Sell/Exit Signal: Look for the red triangle above the bars (Shift to Bearish).
10. Risk Management:
Never rely solely on the dashboard. Use the visual Linear Regression lines (LR50/LR100) on your chart to confirm that the price is not overextended before entering a new position.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.