v5
July 22, 2026
Expected Move Confluence
New
Fixed
What's new
- Edge Lens now tracks the IV-implied 1-day range (VIX1D) as a live level, scored the same as PDH/PDL. Touching the EM high or low can push a setup into A-tier or A+ on its own — fired signals get tagged EM EDGE.
- New EM Zone and IV rows added to the status table.
- Two modes: Locked (one stable line for the session) or Live (moves if IV reprices intraday).
How to use it: every other level Edge Lens tracks is historical price. EM is what the options market expects right now. Price trading outside the band mid-session signals a real trend day, not chop — but EM is never traded alone, RSI confirmation still triggers it like every other level.
Caveat: EM is a 1 standard-deviation estimate, not a wall — roughly 3 days out of 10 close outside it. A touch means the odds lean toward reversion, not that price can't go further.
Fixes
- Session windows (ORB15, etc.) now pinned to exchange time — no more firing at the wrong time on non-ET charts.
- PDH/PDL now regular-session only — extended hours can no longer contaminate them.
- Removed the old 5-minute Opening Range — ORB15 covers it, one opening range now instead of two.
Action needed at the time: delete the old indicator and re-add v5 fresh rather than editing in place — TradingView can cache the old version otherwise.