Options-Strike-Finder (SD-Based)

#User Manual: Options-Strike-Finder (SD-Based)
This indicator is designed for options traders, specifically those selling Bull Put Spreads.
It calculates statistical price boundaries based on historical volatility and displays potential strike prices directly on your main chart.
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## Overview
The tool calculates the Standard Deviation (SD) of price movements over a specific lookback period. It then projects these moves downward from the current price to identify "safe" zones for selling Put options based on historical probability:

• 1 SD (~68% Probability): Price stays above this level 68% of the time.
• 2 SD (~95% Probability): A conservative level for high-probability income.
• 3 SD (~99% Probability): Extreme "Black Swan" protection levels.
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### Key Features
• Main Chart Overlay: The data is displayed in a clean table floating on your price chart.
• Customizable Timeframes: Calculate volatility based on Daily, Weekly, or any other timeframe regardless of your current chart view.
• Sound Alarms: Integrated audio alerts trigger when the price volatility (Z-Score) reaches a critical threshold.
• Flexible UI: Adjustable table positioning and font sizing to fit your workspace.

#### How to Use for Trading
1. Identify Strikes: Look at the "PUT STRIKE" column to find price levels for your Short Put.
2. Assess Risk: Use the "MOVE %" column to see how far the asset must drop to hit those strikes.
3. Stay Alert: If the Sound Alarm triggers, it indicates a significant spike in volatility—this is often the best time to enter a trade (high premium) or a crucial time to manage existing positions.
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##### Note:
1. This tool is a statistical aid.
2. Past volatility does not guarantee future price action.
3. Always use proper risk management.