PROTECTED SOURCE SCRIPT
BPS Dashboard (Aggressive & Conservative)
#BPS Dashboard (Aggressive & Conservative)
1. Adaptive Trading Mode – Allows switching between Conservative and Aggressive modes to control risk/reward and trade frequency.
2. Trend Detection – Uses 50- and 100-period linear regressions to define the market trend and smooths the slope for trend strength evaluation.
3. Volatility Calculation – Computes historical daily volatility and annualized volatility for expected move estimations.
4. Expected Move & Strikes – Calculates the expected price move for the target DTE and determines the Short Put and Long Put strikes accordingly.
5. Buffer & Spread – Computes the distance between current price and short put (“buffer”) and calculates the spread between short and long put for risk sizing.
6. Trade Setup Logic – Generates a TRADE signal if trend conditions, volatility limits, and mode settings align.
7. Probability of Profit (PoP) Approximation – Estimates the likelihood that the short put expires OTM using a lognormal approximation without relying on erf() for stability.
8. Visual Indicators on Chart – Plots linear regressions and shows a triangle below bars when a trade setup occurs, color-coded by mode (green for conservative, red for aggressive).
9. Dynamic Dashboard – Displays key metrics including Mode, Annual Volatility, Expected Move, Short/Long Put, Buffer, Spread, PoP, and Trade Status; uses color coding for easy interpretation.
10. Professional Styling – Clean, non-transparent dashboard with white text for readability; Mode and Status cells are color-coded to indicate risk/reward visually.
1. Adaptive Trading Mode – Allows switching between Conservative and Aggressive modes to control risk/reward and trade frequency.
2. Trend Detection – Uses 50- and 100-period linear regressions to define the market trend and smooths the slope for trend strength evaluation.
3. Volatility Calculation – Computes historical daily volatility and annualized volatility for expected move estimations.
4. Expected Move & Strikes – Calculates the expected price move for the target DTE and determines the Short Put and Long Put strikes accordingly.
5. Buffer & Spread – Computes the distance between current price and short put (“buffer”) and calculates the spread between short and long put for risk sizing.
6. Trade Setup Logic – Generates a TRADE signal if trend conditions, volatility limits, and mode settings align.
7. Probability of Profit (PoP) Approximation – Estimates the likelihood that the short put expires OTM using a lognormal approximation without relying on erf() for stability.
8. Visual Indicators on Chart – Plots linear regressions and shows a triangle below bars when a trade setup occurs, color-coded by mode (green for conservative, red for aggressive).
9. Dynamic Dashboard – Displays key metrics including Mode, Annual Volatility, Expected Move, Short/Long Put, Buffer, Spread, PoP, and Trade Status; uses color coding for easy interpretation.
10. Professional Styling – Clean, non-transparent dashboard with white text for readability; Mode and Status cells are color-coded to indicate risk/reward visually.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.