So, you can input your entry price and the silver line is it. Then you have two blue lines and they mean 0.2% above and below entry. And two red lines and they mean 0.4% above and below entry.
These are the levels i use for my hedge strategy, but on the script you can see that i already put the calculations of another two levels as comment lines on the code, 0.8% above and below. You can add these two and how many more you want.
if you dont get the calculations right for your lines you can use gpt or another AI to do it for you.