Index Terminal Future Option (JITENDRA)

Future Option OI VOL Index Terminal

This indicator is a real-time institutional flow terminal designed for Futures & Options traders.
It combines Futures LTP, OI, Volume, OI Action with Options Call/Put Volume, Delta, Premium, CPRV & Heatmap analytics into a powerful table dashboard.

Overview Summary of This Indicator

It works on Symentensly Fetching Future Open Interest Change ,Volume and, Option Strike Volume Data

• NIFTY
  
• BANKNIFTY
  
• MCX Commodities
  
• Stock Futures
  

Setting Snapshot/ Image



What This Indicator Shows
This is a complete order flow activity terminal that provides:
All data is displayed in a heatmap table with last 5 closed candles + live candle.

Futures Side

• LTP Change (Momentum)
  
• OI Change (Position buildup / unwinding)
  
• Futures Volume (Participation strength)
  
• OI Action (Long/Short buildup & covering)
  

Options Side

• CALL Volume (multi-strike combined)
  
• PUT Volume (multi-strike combined)
  
• Delta (Call – Put volume)
  
• CPRV (Call to Put volume ratio)
  
• CALL % Change
  
• PUT % Change
  
• Delta %
  
• CALL Premium strength vs VWAP
  
• PUT Premium strength vs VWAP
  

Core Concept

This script is based on trading logic:

Futures price + OI → tells directional bias
Options volume + delta → tells market pressure
CPRV → tells who is dominating (Calls or Puts)
Premium vs VWAP → tells smart money positioning
Heatmaps → show strength & aggression

KEY FEATURES INPUT SETTINGS — COMPLETE EXPLANATION

Auto Detect Instrument From Chart

• NIFTY
  
• BANKNIFTY
  
• MCX Commodities
  
• Stock Futures & Spot
  

Uses correct futures & option symbols automatically.

Turn OFF if you want to use manual instrument selection.
Manual Instrument
Strike Balance Mode
| 2 ITM + ATM + 2 OTM | 5 strikes combined (strong flow)
| 1 ITM + ATM + 1 OTM | 3 strikes combined (lighter data load)


Expiry, ATM & Gap Settings

Each instrument has:
Expiry = YYMMDD
ATM Strike
Strike Gap

% CALCULATION METHOD

Option 1= % change from previous candle
Option 2= EMA. % deviation from EMA, EMA Length is USER configurable.

Setting Snapshot/ Image of Expiry & %change Calculation



Premium Strength
Compares option premium vs VWAP:

• Green → Premium above VWAP (buying pressure)
  
• Red → Premium below VWAP (selling pressure)
  

LTP Δ heatmap now based on momentum strength
OI Δ heatmap now based on money flow intensity
FUT VOL heatmap now shows participation strength
DELTA heatmap now follows futures volume style


RSI Momentum

• Added Futures RSI directly inside the terminal
  
• Pro RSI heatmap for instant trend strength detection
  
• Helps confirm breakouts, reversals and fake moves
  

UI SETTINGS
Table Position All
Text Size All

COLUMN TOGGLES

You can enable/disable any column individually. This allows you to build a custom terminal layout.


HOW TO TRADE USING THIS TERMINAL
It helps to Identify Reversal, Trend Continuation at Major levels.

Bullish Setup

• LTP Δ → Green
  
• OI Action → LB / SC
  
• CALL Volume > PUT Volume
  
• Delta → Positive
  
• CPRV > 1.2
  
• CALL Premium → Green
  

Bearish Setup

• LTP Δ → Red
  
• OI Action → SB / LC
  
• PUT Volume > CALL Volume
  
• Delta → Negative
  
• CPRV < 0.8
  
• PUT Premium → Green
  

Data Fetching Pine Code Logic
Auto / Manual Instrument Selection

autoDetect = input.bool(true)
manualInstrument = input.string("NIFTY", options=[...])

Instrument Specific Settings

niftyExpiry = "260113"
niftyATM = 25800
niftyGap = 50

% Calculation Engine

pctMethod = input.string("Previous Candle", options=["Previous Candle","EMA"])
emaLen = input.int(15)

Future OI Action Engine

oiAction =
 ltp↑ & oi↑ → LB (Long Build)
 ltp↓ & oi↑ → SB (Short Build)
 ltp↑ & oi↓ → SC (Short Cover)
 ltp↓ & oi↓ → LC (Long Cut)

Option Symbol Builder

f_optSymbol(strike,type) => prefix + expiry + type + strike

Automatically generates symbols like:
NSE:NIFTY260113C25800
NSE:NIFTY260113P25800

Thanks
TradingView Community