options millionaire

2025年12月5日

Options Millionaire is an advanced market-timing indicator designed to identify high-probability turning points by combining volatility analysis with momentum exhaustion levels.
The script uses the Bollinger Band Width Percentage (BBW%) to detect volatility compression (low volatility) and expansion phases (high volatility), and it colors the chart background accordingly.

Green background highlights favorable bullish expansion conditions, while red background signals bearish expansion phases.

How the indicator works (concept overview)

Volatility Model:
BBW% is used to measure how “tight” or “wide” the Bollinger Bands are.
• Low BBW% = volatility compression (potential breakout zone)
• High BBW% = expansion (trend acceleration)

Momentum Exhaustion:
The Stochastic %K identifies overbought and oversold conditions.
Turning-point signals occur when the market reaches an exhaustion level and volatility enters a specific phase.

Signal Generation:
• CALL signals appear when the market is oversold during a bullish or expanding volatility phase.
• PUT signals appear when the market is overbought during a bearish or expanding volatility phase.

How to use it

Works well for options strategies, reversal setups, and mean-reversion entries.

Effective across multiple assets (stocks, crypto, forex).

Best performance on 5m–1h timeframes.

Use with market structure or confirmation indicators to refine entry points.

What makes it original

While BBW% and Stochastic are classic tools, Options Millionaire combines them into a turning-point engine that focuses specifically on volatility compression → expansion transitions aligned with momentum exhaustion.
This dual-filter approach helps identify reversals with better timing compared to using standard indicators separately.

1月8日

版本注释

OPTIONS MILLIONAIRE is a professional-grade volatility and momentum indicator specifically designed for options traders and trend-following strategies. It combines advanced Bollinger Band Width (BBW) analysis with dual-oscillator confirmation to identify high-probability entry points during market compression and expansion phases.
Key Features:
Volatility-Based Logic: The indicator tracks the Bollinger Band Width (BBW%) to identify periods of market "Squeeze" (Compression) and "Breakout" (Expansion).
Dual-Oscillator Confirmation: It integrates both RSI and Stochastic oscillators to filter signals, ensuring that entries occur at optimal overbought or oversold levels.
Smart Real-Time Dashboard: A sleek, on-chart table provides live data for RSI and Stochastic. The dashboard features dynamic color-coding (Green for Oversold, Red for Overbought), allowing traders to assess market conditions at a glance without cluttering the main chart.
Visual Signal Clarity: High-probability signals are plotted as CALL and PUT labels directly on the chart, accompanied by visual shapes for immediate recognition.
Professional Alert System: Fully equipped with both alertcondition and dynamic alert() functions. Traders can set up personalized notifications for smartphone or email, including real-time price data when a signal triggers.
How to Read the Indicator:
Main Line (Blue): Represents the current BBW%. When it falls significantly below the Historical Average (Grey Line), the market is in a "Debt" phase (Compression), preparing for a big move.
Background Colors:
Light Green: Market is in a Compression phase.
Light Red: Market is in an Expansion phase.
Signals:
CALL: Triggered when volatility conditions meet oversold Stochastic/RSI levels.
PUT: Triggered when volatility conditions meet overbought Stochastic/RSI levels.
Settings & Customization:
The indicator is highly customizable. Users can adjust the periods for Bollinger Bands, RSI, and Stochastic, as well as toggle the visibility of the Dashboard and Labels to suit their specific trading style.
Disclaimer: This indicator is for educational purposes and should be used as part of a comprehensive trading plan. Past performance does not guarantee future results.