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STR Strength

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STR Strength – CE/PE VWAP Deviation + Straddle Volatility Meter

💡 Key Features
🔹 Strength Calculation

Computes Call Strength (CE) and Put Strength (PE) as the deviation of close from intraday VWAP.
Positive strength → trading above VWAP (bullish bias).
Negative strength → trading below VWAP (bearish bias).

🔹 Smoothing Option
Optionally smooths the strength values using a simple moving average for better clarity and trend visibility.

🔹 Volatility Detection
Monitors straddle percentage change per bar (CE + PE combined).
When volatility exceeds your defined threshold, chart background highlights in yellow.

🔹 Live Data Table
Displays real-time metrics at the bottom of the chart:
CE Strength
PE Strength
Total Straddle Value

📊 How to Interpret
Lime Line (CE Strength): Bullish bias in the call option.
Red Line (PE Strength): Bearish bias in the put option.
Yellow Background: Indicates high volatility movement in straddle value.

⚠️ Disclaimer
This indicator is provided for educational and analytical purposes only.
It does not provide trading advice or buy/sell signals.
Use responsibly and in conjunction with your market analysis.
發行說明
Both Toggle Option for STR Strength and VWAP Table, and Table Transparent for VWAP Column for better visible in Mobile .

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