Useful for Rangebound stocks.
I am using it with XIV , start accumulating day after circle appears.
Have TP of 20% upside
Average it if TP not hit on next flash
I am using it with XIV , start accumulating day after circle appears.
Have TP of 20% upside
Average it if TP not hit on next flash
study(title = "Volatility Drop", overlay = true) DropPercent = input(-0.1, title="Drop Percent") DropDays = input(3, title="Drop Days") percentDrop = (mom(close,DropDays)/close < DropPercent ? low : na) plot(percentDrop,linewidth=4, style=circles)