Futures Expected Move (Multi-Asset)

This indicator automatically calculates and plots the Expected Move (Implied Volatility Range) for major indices and futures, helping traders visualize where the market is statistically likely to stay for a given timeframe.

Unlike standard volatility indicators, this script is Asset-Aware. It automatically detects which symbol you are trading and pulls the correct institutional Volatility Index to calculate the move:

ES / SPX (S&P 500): Uses VIX

NQ (Nasdaq-100): Uses VXN (Cboe Nasdaq Volatility Index)

GC (Gold): Uses GVZ (Cboe Gold Volatility Index)

Key Features:

🎯 Smart Symbol Detection: No need to manually change settings when switching between ES, NQ, or Gold. The script adjusts the calculation and color-coding automatically (Blue for ES, Purple for NQ, Gold for GC).

⚙️ Customizable DTE: Easily change the "Days to Expiration" (Input 1.0 for Daily Expected Move, 7.0 for Weekly, etc.) to match your trading strategy.

📊 Live Data Table: Displays exactly which Volatility Index is being used and the exact price value of the implied move.

📉 Visual Zones: Plots clear Upper and Lower bounds to help identify potential reversal zones, profit targets, or strike placements for credit spreads.

How to Use:

Add the indicator to your chart (Works best on ES, NQ, GC, or SPX).

Go to Settings and input your target DTE (Default is 1 Day).

Use the Upper and Lower bands to gauge the market maker's expected range for the session.

Perfect for futures day traders and options sellers looking for statistical edges.