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As a visual person I really like this. What would be the equation for a Put Debit Spread? Thank you.
Yes, I would like to know as well
You simply change the -2000 to 2000. There are many discussions around this on discord too
Hello, Please share what is the rationale behind the PNR equation? Is this true in general or specific to vertical spreads only? Thanks!
Hi Ashish,
This is a concept developed by me and the Senior Members and backtested for 2 years. Please check discord for a link to the entire case study (#case-studies channel)
Hello,
Thank you for the detailed explanation.Do I have to do anything extra for setting up this indicator If I had a bear put spread ?
No, the indicator works out of the box for bear puts too.
How is the indicator affected if the width of the spread is different? ($1, $2.50, $10 vs. the usual $5)
It works for all spread widths.