OpLi V40 + Light
|Author:||Xrust (2010.06.18 08:57)|
Because of many questions on how to understand the work of indicator, the “Lite” variant has been developed.
If the channel widens, the force accumulates in it and it will unleash and move the price when the channel narrows.
In “Online” mode the current option levels are shown before the price and they can be described as:
Bright blue (cyan) levels – active support levels (limit orders, Call options in money)
Dark blue levels – the end of support area (stop orders, Put options without money).
Bright red levels – active resistance levels (limit orders, Put options in money) that move the price down.
Dark red (Firebrick color for black background) – the end of resistance area (stop orders, Call options without money).
In summary, it is quite simplified but still a working interpretation model for option levels .
Better still to use the more serious “Pro” mode