Draws the options-implied expected move for the chosen expiry as a shaded range with dashed edges and price tags on the chart.
In plain English
What it shows
- The price range the options market implies for an expiry (0DTE means expiring today), drawn as a shaded box with dashed edges.
- The data is shown with an "updated X min ago" note.
How traders use it
- Some traders use the edges as a rough sense of how far price is expected to travel by the expiry.
- Some use it to size expectations before the open, for example whether a move is large or small against the range.
What it does not tell you
- It is the range options pricing implies, not a forecast. Price often finishes outside it.
- Nothing is drawn in bar replay, because the range belongs to today.
Overview
TradeZoro Expected Move shows the range the options market implies for an expiry. It draws a shaded box with dashed lines at the upper and lower edges and tags at the right edge. You can pick 0DTE, 1DTE, Weekly or Monthly, or show every expiry at once in its own colour.
A status line shows when the data was last updated (for example 'updated 3 min ago').
How it works
The expected move is based on the at-the-money straddle for the chosen expiry, computed on the server from the options chain for SPX, SPY and QQQ. ES and MES charts use the SPX range converted to the futures; NQ and MNQ use the QQQ range. The data is fetched every 5 minutes.
When the Weekly and Monthly entries point to the same expiry, they are shown as one range named 'Weekly / Monthly'.
How to use it
- Some traders compare the day's high and low with the 0DTE expected move.
- Use it to see whether price is near or outside the implied range.
- Some traders show every expiry at once to compare short and longer ranges.
These are ways some traders read it, for learning. They are not trade signals.
Settings
| Setting | Default |
|---|---|
| ExpiryOptions: 0DTE, 1DTE, Weekly, Monthly | 0DTE |
| Show every expiry | Off |
| Shade the range | On |
| Labels | On |
| Status | On |
| Colour (single expiry) | #00adb5 |
Notes and limits
- Works on SPX, SPY, QQQ, ES, MES, NQ and MNQ.
- Nothing is drawn in bar replay, because the range is today's.
- The range is what options pricing implies, not a forecast of where price will go.
Education only. Not financial advice. Indicators mark what happened on the chart; they do not predict what price will do. Trading futures, forex, crypto and other markets carries a high level of risk and may not be suitable for everyone.