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0DTE Expected Move Lines
0DTE Expected Move Levels – Manual VIX Input
This indicator calculates and displays intraday expected move zones for SPX or other indices based on a manually entered VIX value. It helps intraday or 0DTE option traders visualize potential price ranges where price is statistically likely to stay.
What it does:
Uses VIX to estimate the daily expected move:
EM = Spot × (VIX / 100) × √(1 / 365)
Draws horizontal lines at:
±1× EM → suggested short strike range
±1.5× EM → more conservative range
Ideal for Iron Condors, Straddles, Butterflies, or short premium strategies
Features:
Clean visual markers using line.new() (no plot(), so works on all TradingView plans)
Manual VIX input for full flexibility
Lightweight and fast – updates with every bar
✅ Works best on SPX, SPY, ES, or MES charts.
This indicator calculates and displays intraday expected move zones for SPX or other indices based on a manually entered VIX value. It helps intraday or 0DTE option traders visualize potential price ranges where price is statistically likely to stay.
What it does:
Uses VIX to estimate the daily expected move:
EM = Spot × (VIX / 100) × √(1 / 365)
Draws horizontal lines at:
±1× EM → suggested short strike range
±1.5× EM → more conservative range
Ideal for Iron Condors, Straddles, Butterflies, or short premium strategies
Features:
Clean visual markers using line.new() (no plot(), so works on all TradingView plans)
Manual VIX input for full flexibility
Lightweight and fast – updates with every bar
✅ Works best on SPX, SPY, ES, or MES charts.
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。