PROTECTED SOURCE SCRIPT
Algo Chart - Trial
📝 Description
This indicator provides a comprehensive view of option straddles across multiple strikes, combining VWAP (Volume Weighted Average Price), strength analysis, and a visual table to quickly assess directional bias.
Features:
📊 Plots:
Call (CE), Put (PE), and Straddle prices.
CE & PE Daily VWAP lines.
CE & PE “Strength” (deviation from VWAP) with smoothing option.
📋 Multi-Strike Table:
Dynamically generates rows for base strike ± N steps.
Displays CE & PE VWAP values per strike.
Trend Dots (🟢 bullish, 🔴 bearish) showing relative strength.
Meter column (CE vs PE bias at each strike).
Call Power & Put Power totals across strikes.
Net Bias row (green for bullish, red for bearish).
⚡ Highlights volatility when Straddle % change exceeds user-defined threshold.
Inputs:
Base strike, step size, and range of strikes to monitor.
Expiry prefix (auto-generates CE/PE symbols).
Timeframe for option data requests.
Smoothing length & trend factor sensitivity.
Toggle VWAP lines on/off.
This tool is designed for options traders who want to:
Monitor CE/PE behavior around VWAP.
Compare strength across multiple strikes.
Identify where the bias (Call vs Put) is concentrated.
Spot unusual volatility events on the Straddle.
⚠️ Note: Availability of option data depends on your TradingView plan and your broker/data provider. If CE/PE symbols are not supported, some cells may display NA.
This indicator provides a comprehensive view of option straddles across multiple strikes, combining VWAP (Volume Weighted Average Price), strength analysis, and a visual table to quickly assess directional bias.
Features:
📊 Plots:
Call (CE), Put (PE), and Straddle prices.
CE & PE Daily VWAP lines.
CE & PE “Strength” (deviation from VWAP) with smoothing option.
📋 Multi-Strike Table:
Dynamically generates rows for base strike ± N steps.
Displays CE & PE VWAP values per strike.
Trend Dots (🟢 bullish, 🔴 bearish) showing relative strength.
Meter column (CE vs PE bias at each strike).
Call Power & Put Power totals across strikes.
Net Bias row (green for bullish, red for bearish).
⚡ Highlights volatility when Straddle % change exceeds user-defined threshold.
Inputs:
Base strike, step size, and range of strikes to monitor.
Expiry prefix (auto-generates CE/PE symbols).
Timeframe for option data requests.
Smoothing length & trend factor sensitivity.
Toggle VWAP lines on/off.
This tool is designed for options traders who want to:
Monitor CE/PE behavior around VWAP.
Compare strength across multiple strikes.
Identify where the bias (Call vs Put) is concentrated.
Spot unusual volatility events on the Straddle.
⚠️ Note: Availability of option data depends on your TradingView plan and your broker/data provider. If CE/PE symbols are not supported, some cells may display NA.
Script protégé
Ce script est publié en source fermée. Toutefois, vous pouvez l'utiliser librement et sans aucune restriction - en savoir plus ici.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script protégé
Ce script est publié en source fermée. Toutefois, vous pouvez l'utiliser librement et sans aucune restriction - en savoir plus ici.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.