ATM Pulse (Arjo)ATM Pulse (Arjo) — Real-Time ATM Options Sentiment & Trend Strength Indicator
Overview
ATM Pulse (Arjo) is an options analytics and trend overlay tool that automatically detects the At-The-Money (ATM) strike for NIFTY, BANKNIFTY , or any selected stock.
It merges Call–Put Volume Ratio (CPVR) sentiment analysis with a Chandelier Exit trend overlay to help traders visualize both market bias and trend direction in a single chart.
Concepts & Logic
ATM Auto Detection
The script calculates the current ATM strike by rounding the underlying’s price to the nearest strike interval (e.g., 50 for NIFTY, 100 for BANKNIFTY). It then requests live option-chain data for that strike.
Call–Put Volume Ratio (CPVR)
The Call-Put Volume Ratio (CPVR) is calculated as the call volume divided by the put volume.
CPVR > 1.25 → Bullish dominance (Calls stronger)
CPVR < 0.75 → Bearish dominance (Puts stronger)
0.75–1.25 → Neutral sentiment
This ratio helps interpret real-time option-market positioning.
Chandelier Exit Trend Overlay
Using Average True Range (ATR) , the overlay plots dynamic trailing stops and visual trend zones:
🟢 Green: Uptrend continuation zone
🔴 Red: Downtrend continuation zone
A color change signals possible momentum reversal.
Combination of CPVR and Chandelier Exit
CPVR gauges option-market sentiment
Chandelier Exit confirms price-action direction
When both align (e.g., bullish CPVR + green Chandelier zone), it strengthens directional conviction. Divergent readings may signal indecision or early reversals.
How to Use
Open any NIFTY, BANKNIFTY , or stocks chart.
Add ATM Pulse (Arjo) to the chart.
Select your expiry date — the script auto-detects the ATM strike and displays:
C: Call LTP
P: Put LTP
CPVR: Call/Put Volume Ratio label
Watch the Chandelier Exit colors:
🟢 Green = Bullish trend
🔴 Red = Bearish trend
Combine CPVR bias + trend color for confirmation.
If CPVR is above 1.25 and trend color green → More bullish activity (Calls stronger).
If CPVR is below 0.75, and trend color red→ More bearish activity (Puts stronger).
If CPVR is between 0.75 and 1.25 and the trend color is gray/mixed → Neutral
Practical Use Case
The script continuously updates the ATM strike, CPVR , and trend overlay in real time.
It provides a clear visual snapshot of how option volumes align with price momentum , ideal for intraday or short-term directional traders.
Disclaimer
This tool is for educational and analytical purposes only.
It does not provide financial advice or guaranteed trading signals.
Happy Trading. ARJO
Atm
ATM Strike Line with Call & Put Premiums (ARJO)This indicator is designed specifically for the Indian market (NSE) and helps traders visualize the At-The-Money (ATM) strike line along with real-time Call (CE) and Put (PE) option premiums.
Key Features
Automatic ATM Detection: The script automatically identifies the ATM strike based on the underlying price, with an option for manual input.
Dynamic Expiry Control: Select expiry date easily (Year, Month, Day) in YYMMDD format.
Flexible Timeframe Support: Choose between the chart’s current timeframe or custom intervals.
Smart Symbol & Strike Interval: Automatically adapts to the selected underlying symbol (e.g., NIFTY, BANKNIFTY, RELIANCE, etc.) or allows manual setup.
Visual Representation:
ATM line plotted clearly on the chart.
CE and PE premium labels are displayed on each side of the ATM line.
ATM strike price label shown at the center.
Call–Put Volume Ratio (CPVR): Displays the live CPVR value to quickly assess market sentiment.
CPVR Interpretation
Bullish Bias: CPVR ≥ 1.25
Bearish Bias: CPVR ≤ 0.75
Neutral Zone: Between 0.75 and 1.25
⚙️ Customization
Adjustable colors for ATM line, CE/PE labels, and CPVR.
Option to manually select strike, symbol, and interval for maximum flexibility.
This tool may help to track option sentiment directly on the price chart, making it ideal for option traders and intraday analysts focusing on NIFTY, BANKNIFTY, and other NSE stocks.
Happy Trading. ARJO
OHO ATM MachineStudies Used:
We have used different type of candle stick patterns, open, close, high, low, Moving Averages, volumes and Average True Ranges in creation of this indicator.
Usage:
It can be used for scalping and intra-day trading. It works best on Nifty 5 Minutes , 15 Minutes, 1 Hour, Daily, Weekly and Monthly Time Frames.
It provides easy to visualize multiple information:
1) It gives the correct Entry on Time. Yellow ATM Area, Means No Trade.
2) Fake Signals are shown when There is Sell Signal and Below is ATM Area.
3) Fake Signals are shown when There is Buy Signal and Above is ATM Area.
4) It gives proper Target at the time of Entry.
5) Stop Loss is Hit when The Candle Closes below ATM Area in Buying and vice versa.
6) No Trade is Recommended, when ATM Area is Yellow.
How to read OHO ATM Machine Indicator?
Buy - When ATM Area is Turned Green in Color First Time after Last Red.
Sell - When ATM Area is Turned Red in Color First Time after Last Green.
Stop Loss - When The Candle Closes below ATM Area in Buy Trade and When The Candle Closes above ATM Area in Sell Trade.
Target - Thin Green Line for Buy Trade and Thin Red for Sell Trade.
Trailing SL - We can Trail the Trade, till the Stop Loss is HIT.
Recommendations:
This can be used for Nifty, Bank Nifty, Stocks, Commodities, Bitcoin, Currency and any other tradable instrument.
What time frame should I use?
5 Minutes and 15 Minutes are best time-frames for Intra-day Trades.
15 Minutes and Hourly are best time-frames for Swing Trades.
Hourly and Daily are best time-frames for Short Term Trades.
But you can check different time-frames in Strategy Testing section or as per your requirements.
Disclaimer:
Past performance is not the guarantee of future performance.
For any type of queries kindly send us personal message.
