Has anyone made any kind of synthetic indicator out of "max pain" options expiry prices?
As only a buy/sell/DCA/etc it SEEMS that max pain is almost forced by MM's to keep their 'book balanced'
perhaps as an EMA or WMA. before i re-re-reinvent the wheel any suggestions are always appreciated.
(hi noise/lo signal or vice versa) or ignore things out more than x dates, etc. since options writers are theoretically more astute/greater knowledge/etc an indicator based on 'max pain' would at first glance seem to be of some higher weight for short/longer? term price forcasts.
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