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Options

OMVI - Options Momentum Volatility Index by Rathore### Key Features: 1. **Multi-Factor Calculation**: Combines EMAs, Bollinger Bands, RSI, and volume 2. **Visual Signals**: - Green triangles for bullish entries (OMVI >70 + price > VWAP) - Red triangles for bearish entries (OMVI <30 + price < VWAP) - Blue diamonds for volatility breakouts 3. **Alerts**: Built-in notifications for all signal types 4. **Real-Time Data Table**: Shows current OMVI value and VWAP ### Usage Tips: 1. Best used on **5-minute charts** for SPX, SPY, or NDX options 2. Combine with: - Price action around key support/resistance levels - News event calendars 3. For actual trading: - Use bracket orders with 1:2 risk-reward ratio - Focus on options with 0.7-0.8 delta for directional plays - Prioritize options with 24-48 hours to expiration ### Limitations: - Does not include IV Rank (requires options data unavailable in Pine Script) - VWAP resets daily (intentional for intraday use) - Combine with manual analysis of open interest & volume profiles
Indicateur Pine Script™
par khagesh_rathore
My script//@version=5 indicator("00:00 Candle Low Marker", overlay=true) // Set the time for the 00:00 candle targetHour = 0 targetMinute = 0 // Detect the 00:00 candle isMidnightCandle = (hour == targetHour and minute == targetMinute) // Store the low of the 00:00 candle var float lowOfMidnight = na if (isMidnightCandle) lowOfMidnight := low // Capture the low // Draw the red line after the candle forms if (not na(lowOfMidnight)) line.new(bar_index , lowOfMidnight, bar_index, lowOfMidnight, color=color.red, width=2, extend=extend.right)
Indicateur Pine Script™
par noufalkh275
Pivots @carlosk26🔍 Características Principales Detección de Pivots: Identifica pivots altos y bajos utilizando un rango de velas configurable. Los pivots se detectan cuando una vela es el máximo o mínimo de un número específico de velas a la izquierda y a la derecha. Marcado Visual: Los pivots altos se marcan con un círculo rojo encima de la vela. Los pivots bajos se marcan con un círculo verde debajo de la vela. Etiquetas Informativas: Muestra una etiqueta en el gráfico con el último pivot detectado. Las etiquetas incluyen el tipo de pivot (alto o bajo) y su ubicación exacta. ⚙️ Parámetros Configurables Velas a la izquierda: Número de velas a la izquierda para detectar un pivot (por defecto: 5). Velas a la derecha: Número de velas a la derecha para detectar un pivot (por defecto: 5).
Indicateur Pine Script™
par marketviedma
KON SET By Sai"KON SET By Sai is a trend-following strategy that utilizes ATR-adjusted moving averages to determine entry and exit points. The strategy enters a long position when the price crosses above a custom moving average (adjusted by the ATR value) and exits at a defined target or stop-loss based on the ATR. Additionally, it incorporates re-entry logic, allowing the strategy to re-enter when the price reverses back to the entry point. This strategy is suitable for trend traders who want to manage risk with dynamically calculated stop-loss and target levels." Tags: Trend-following ATR-based strategy Entry and exit strategy Stop-loss and target Re-entry logic Pine Script strategy Algorithmic trading Example Use Case: "This strategy can be used to trade in trending markets. It provides clear entry and exit signals with automated risk management, making it ideal for traders who prefer systematic approaches to trade management. It works best on lower timeframes (like 5min) for capturing medium-term trends." How It Works: Entry Point: The strategy enters a long position when the price crosses above an ATR-adjusted moving average (set by the user). Exit Points: Stop-loss is set dynamically based on the ATR value. Target is also based on the ATR, with an additional multiplier for customization. Re-entry Logic: If the price retraces back to the entry level, the strategy re-enters the position. Exit Conditions: The strategy exits when the price hits the stop-loss or target price. Example: If the current ATR is 2.0, the strategy will: Stop-loss: 2x ATR below the entry price. Target: 5 + user-defined multiplier x ATR above the entry price.
Stratégie Pine Script™
par The-Time-Trader
Buy/Sell Indicator-SMA (5/8/21/50/200)Buy-Sell indicator: are tools or signals used in financial markets to help traders and investors identify potential entry (buy) and exit (sell) points for their trades. These indicators are typically derived from technical analysis and aim to simplify decision-making by providing visual or numerical cues based on price, volume, or momentum. Buy-sell indicators often need confirmation from additional analysis or tools for reliable decision-making. Note: No indicator is foolproof, and market conditions can result in misleading signals. SMA: SMA (Simple Moving Average) indicators are among the most popular tools used in technical analysis to identify trends in the price of an asset. They smooth out price data by calculating the average price over a specified number of periods. Here's an overview: The numbers 5, 8, 21, 50, and 200 refer to the number of periods used in the calculation of the SMA. Here's what each represents: A short-term indicator: SMA 5 (5-day Moving Average): Tracks the average price over the last 5 periods. Often used to spot short-term trends. SMA 8 (8-day Moving Average): Similar to the 5-day SMA but smooths price action slightly more. A mid-term indicator: SMA 21 (21-day Moving Average): Reflects a full trading month (approximately 21 trading days in a month).Helps to identify medium-term trend direction. SMA 50 (50-day Moving Average): Often used to assess the overall trend direction. A crossover with other SMAs, like the 200-day SMA, can indicate trend reversals. A long-term indicator. SMA 200 (200-day Moving Average): Commonly used to assess the overall market trend. If the price is above the 200-day SMA, the security is considered in a long-term uptrend, and vice versa. Note : Crossovers: When shorter-term SMAs (e.g., 5 or 8) cross above longer-term SMAs (e.g., 50 or 200), it can signal a bullish trend. The opposite signals a bearish trend.
Indicateur Pine Script™
par Trader2232
AllDay Session TimesIndicator: Custom Session Times This indicator is designed to assist traders by visualizing specific trading session times on the TradingView platform. It highlights two important trading sessions: the Day Session and the Evening Session, providing a visual aid that helps traders navigate the markets with greater accuracy. Day Session Time Range: Starts: 10:55 UTC+2 Ends: 13:30 UTC+2 Evening Session Time Range: Starts: 16:55 UTC+2 Ends: 18:30 UTC+2 How It Works: Colors and Backgrounds: This indicator uses background colors to differentiate the sessions. The green background appears during the Day Session, while the blue background indicates the Evening Session. Lines: Session time ranges are also marked with clear lines on the chart, making it easier to identify the specific session periods. Time Zone: The time zone is set to UTC+2 (Europe/Helsinki), but it can easily be adjusted to match your local time zone. Why Use This Indicator? This indicator is especially useful for traders who focus on specific market sessions. For example: The Day Session might be when the market is more active, and trends are clearer. The Evening Session could be a good time to observe market adjustments based on the events of the day and find potential trading opportunities. By visualizing these specific time frames, the indicator helps reduce distractions and enables a more focused approach to trading. Use Cases: This indicator is ideal for: Day traders and swing traders who want to focus on certain market sessions. Technical analysts who prefer to visualize market behavior within specific time frames. Strategy optimization and a more precise assessment of market conditions. Features: Visual session markers that help traders focus on key trading periods. Easy customization of time zone and session time ranges. Background colors and lines that improve chart readability and session tracking. Made By AllDayEsa
Indicateur Pine Script™
par esa_takamaki
WD Gann: Vertical Lines for Predefined Days/Bars AgoThis Pine Script draws vertical lines on the chart at specific time intervals, inspired by WD Gann’s theories of time cycles . WD Gann, a famous trader, believed that market movements were influenced by predictable time cycles. This script enables traders to visualize these key time cycles on the chart by placing vertical lines at predefined intervals (in bars ago), helping to identify potential turning points in the market. The time intervals used in this script are inspired by Gann’s work, as well as astrological and numerological principles , which many traders believe influence market behavior . You can customize which time intervals (such as 3, 7, 9, 21, etc.) you want to track by enabling or disabling specific vertical lines on the chart. Key Features: Time Cycles Based on Gann’s Theory: Draws vertical lines at significant time intervals such as 3, 7, 9, 21, 27 bars ago, which are commonly used by Gann traders. Astrological & Numerological Significance: The predefined intervals also align with key numerological and astrological values, allowing for a broader perspective on market cycles. Customizable Intervals: You can choose which time intervals to display by enabling or disabling checkboxes for each cycle, allowing flexibility in chart analysis. Visual Labels: Each vertical line is labeled with its corresponding "bars ago" value, providing clear reference points for the selected time cycles. What Users Can Do: Track and analyze market movements based on time cycles that are significant to Gann’s theory, as well as numerological and astrological influences. Enable or disable vertical lines for specific cycles, like the 3-bar cycle, 9-bar cycle, or 365-bar cycle, depending on the intervals that align with your trading strategy. Combine with other technical analysis tools and Gann techniques (e.g., Gann Angles, Gann Fans, or Square of Nine) for a more comprehensive trading approach. This tool is designed for traders who believe in the power of time cycles to influence market behavior, and is especially useful for predicting turning points or key price movements based on these cycles.
Indicateur Pine Script™
par sam-austin
Precision Trade Zone By KittisakThis indicator is designed for Money Management calculations, helping to facilitate risk management in trading, determining suitable leverage based on acceptable risk, and adjusting the Stop Loss level to align with the calculated leverage. Abbreviation Descriptions LR : Suitable Leverage. EP : Entry Price. BEP : Break-Even Point (a point where you can move your Stop Loss to prevent losses once the price reaches a certain level). SL : Stop Loss (a recalculated Stop Loss level to match the leverage. You should use this as the Stop Loss price instead of the initial level you set). TP : Take Profit (a point where you take profit based on the defined risk-reward ratio). Note When first activating the indicator, an error may occur, and no output will be displayed. This happens because you must first specify the Entry Price and Stop Loss in the indicator settings. How Much Leverage Should You Use? It may seem like a simple question but is difficult to answer. Method for Calculating Suitable Leverage Use the formula: Leverage = Acceptable Loss / (Distance between Entry Price and Stop Loss + (Buy Fee + Sell Fee)) Calculating the Correct Stop Loss Point (Stop Loss levels will be slightly adjusted or extended) For Long Positions : New Stop Loss = Entry Price * (1 - Acceptable Loss / (Calculated Leverage * 100)) For Short Positions : New Stop Loss = Entry Price * (1 + Acceptable Loss / (Calculated Leverage * 100)) Calculating the Correct Take Profit Point (Take Profit levels will be slightly adjusted or extended) For Long Positions : Take Profit = Entry Price * (1 + (Acceptable Loss / (Calculated Leverage * 100) * RR) + ((Buy Fee + Sell Fee) / 100)) For Short Positions : Take Profit = Entry Price * (1 - (Acceptable Loss / (Calculated Leverage * 100) * RR) + ((Buy Fee + Sell Fee) / 100)) Benefits of This Calculation 1. Accurate Risk Assessment The calculated leverage accounts for trading fees. For example, if you aim for a 2% loss, this method ensures the actual loss is exactly 2%, not more (e.g., 2% plus fees). 2. Eliminates Guesswork Randomly setting leverage can lead to risks because the Stop Loss level may not align with your position. This calculation ensures that the leverage aligns precisely with your desired Stop Loss level. 3. Realistic Profit Targets For example, with a 2% acceptable loss and a 1:2 RR, you expect a 4% profit. However, without this calculation, fees may reduce your profit below 4%. This method includes fees, ensuring your profit matches the intended target. Caution This indicator does not account for slippage or requotes. Use it with caution and allow a buffer for slippage in your calculations. Indicator นี้มีไว้สำหรับคำนวณ Money Management ซึ่งจะช่วยอำนวยความสะดวกในการจัดการความเสี่ยงในการเทรด การคำนวณ Leverage ที่เหมาะสมกับความเสี่ยงที่คุณยอมรับได้ และจัดการจุด Stop Loss ให้เหมาะสมกับ Leverage นั้น คำอธิบายเกี่ยวกับคำย่อ LR หมายถึง Leverage ที่เหมาะสม EP หมายถึง Entry Price หรือราคาเข้าซื้อ BEP หมายถึง Break-Even Point หรือจุดคุ้มทุน (คุณสามารถย้าย Stop Loss มาที่จุดนี้เมื่อราคาไปถึงจุดหนึ่งเพื่อป้องกันการขาดทุนได้) SL หมายถึง Stop Loss (ซึ่งเป็น Stop Loss ที่คำนวณใหม่เพื่อให้ตำแหน่งเหมาะสมกับ Leverage ที่คำนวณได้ คุณควรใช้จุดนี้เพื่อเป็นราคา Stop Loss แทนจุด Stop Loss ที่คุณกำหนดไว้ในตอนแรก) TP หมายถึง Take Profit (เป็นจุดที่คุณจะขายทำกำไรตาม RR ที่กำหนดไว้) * หมายเหตุ เมื่อเริ่มเปิด Indicator จะเกิด Error ขึ้น และไม่มีผลลัพท์ใด ๆ แสดงให้เห็น นั่นเป็นเพราะคุณต้องเข้าไปกำหนด Entry Price และ Stop Loss ในการตั้งค่าของ Indicator เสียก่อน ต้องใช้ Leverage เท่าไหร่? มันเป็นคำถามที่ดูเหมือนง่าย แต่ตอบยาก วิธีคำนวณ Leverage ที่เหมาะสม ใช้สมการคือ Levarage = การขาดทุนที่ยอมรับได้ / (ระยะห่างระหว่าง Entry Price และ Stop Loss + (ค่าธรรมเนียมซื้อ + ค่าธรรมเนียมขาย)) นำผลลัพท์ Leverage ที่ได้มาคำนวณเพื่อหาจุด Stop Loss ที่ถูกต้อง (จุดของ Stop Loss จะมีการยืดขยายออกไปเล็กน้อย) โดยใช้สมการ ตำแหน่ง Stop Loss ใหม่ = Entry Price * (1 - การขาดทุนที่ยอมรับได้ / (Leverage ที่คำนวณได้ * 100)) // สำหรับ Long ตำแหน่ง Stop Loss ใหม่ = Entry Price * (1 + การขาดทุนที่ยอมรับได้ / (Leverage ที่คำนวณได้ * 100)) // สำหรับ Short นำผลลัพท์ Leverage ที่ได้มาคำนวณเพื่อหาจุด Take Profit ที่ถูกต้อง (จุดของ Take Profit จะมีการยืดขยายออกไปเล็กน้อย) โดยใช้สมการ ตำแหน่ง Take Profit = Entry Price * (1 + (การขาดทุนที่ยอมรับได้ / (Leverage ที่คำนวณได้ * 100) * RR) + ((ค่าธรรมเนียมซื้อ + ค่าธรรมเนียมขาย) / 100)) // สำหรับ Long ตำแหน่ง Take Profit = Entry Price * (1 - (การขาดทุนที่ยอมรับได้ / (Leverage ที่คำนวณได้ * 100) * RR) + ((ค่าธรรมเนียมซื้อ + ค่าธรรมเนียมขาย) / 100)) // สำหรับ Short ข้อดีของการคำนวณคือ 1. คุณจะได้ค่า Leverage ที่เหมาะสมกับความเสี่ยงที่คุณยอมรับได้โดยรวมค่าธรรมเนียมเข้าไปในนั้นแล้ว นั่นหมายความว่า ความสูญเสียจะเป็น 2% (ตามตัวอย่าง) จริง ๆ ไม่ใช่ 2% และถูกหักค่าธรรมเนียมเพิ่มอีก กลายเป็นสูญเสียมากกว่า 2% 2. การตั้ง Leverage มั่ว ๆ กลายเป็นความเสี่ยง นั่นเพราะตำแหน่งของ Stop Loss ไม่ได้อยู่ในจุดที่ควรจะเป็น การคำนวณนี้ช่วยให้คุณได้ Leverage ในตำแหน่ง Stop Loss ที่คุณต้องการโดยแท้จริง 3. ผลกำไรที่ได้รับตรงกับความต้องการจริง ๆ เช่น การขาดทุนที่ยอมรับได้ 2% และ RR 1:2 สิ่งที่คุณคิดคือกำไร 4% แต่จริง ๆ แล้วไม่ถึง 4% นั่นเพราะว่าโดนหักค่าธรรมเนียมไปส่วนหนึ่ง การคำนวณนี้ได้รวมค่าธรรมเนียมให้แล้ว คุณจึงได้กำไรที่ 4% อย่างถูกต้องตามต้องการ ข้อควรระวัง Indicator นี้ไม่ได้มีการควบคุมความเสี่ยงในเรื่องของ slippage หรือ requote โปรดใช้งานอย่างระมัดระวังและมีการเผื่อระยะสำหรับ slippage ด้วย
Indicateur Pine Script™
par kittisak_prom
Options Levels Support and ResistanceAre you sometimes clueless of where you are going to find support or resistance for the stock price? Nothing can be more powerful than market positioning via options levels. This indicator visualizes key institutional options levels including short-term and longer-term Put/Call Walls, and projected implied move ranges. Key Features: Displays major support/resistance levels derived from options data Shows institutional Put Walls (PW) and Call Walls (CW) - areas of significant options activity Identifies short-term and longer-term gamma levels for more precise trading Includes an option statistics (IV, Put/Call ratio, trend) in a clean dashboard Automatically(*) updates throughout the trading day to reflect current market positioning Currently supporting 440 of the most popular tickers. Presents gamma flip levels for indexes SPX, RUT, NDX and VIX Trading Applications: Identify key price levels where institutional options activity may influence price movement Gauge market sentiment through IV levels, Put/Call ratios, and options positioning Plan entries/exits around major Put/Call walls where price reversals are more likely Monitor changes in institutional positioning through level trends Levels are calculated externally using comprehensive options data and updated into the indicator multiple times per day. Note that I can't guarantee it will be timely updated since TradingView offers no access to external data nor a way to programmatically update the script. This code simply renders the levels I calculate using external software. I had to make the code as short as possible to accommodate more tickers, reason why there is no commenting. The last update time (New York/EST) is shown in the dashboard.
Indicateur Pine Script™
par marsrides
52
Rich's DikFat Money-Counter - ITM/OTM Options Price ViewerScript Overview This Pine Script is a custom indicator designed for use on the TradingView platform. It analyzes options contracts, extracting key information from the options symbol, and then visualizes the relationship between the current price of the underlying asset and the option's strike price. Here’s a detailed explanation of the script and its components: Key Features Symbol Format Validation: The script checks whether the current symbol matches the expected format of an options symbol (like TSLA250131C400.0). Extraction of Option Components: It extracts the base symbol (e.g., TSLA), expiration date (e.g., 250131), option type (C for call, P for put), and strike price (e.g., 400.0) from the options symbol. Price Difference Calculation: It calculates the difference between the current price of the base asset (e.g., TSLA) and the option's strike price. Depending on whether the option is a call or put, the calculation is adjusted. Visualization: The result is plotted on the chart, with color-coded filling to indicate whether the price difference is positive (ITM) or negative (OTM). Detailed Explanation of Code Components 1. Indicator Definition indicator("Rich's DikFat Money-Counter - In the Money/Out of the Money Options Price Viewer", shorttitle="Options Price Viewer", overlay=true) This line defines the indicator's name, short title, and specifies that it should be plotted on the price chart (with overlay=true). 2. Symbol Detection currentSymbol = syminfo.ticker This retrieves the symbol of the current asset being analyzed. The script expects this symbol to be an options contract, for example, TSLA250131C400.0. 3. Symbol Format Validation isOptionSymbol = str.length(currentSymbol) >= 9 and str.match(currentSymbol, "^ + {6} +(\. +)?$") != "" This checks whether the current symbol matches the expected format for an option: The symbol must have at least 9 characters. It must follow a specific pattern: a base symbol (letters), a 6-digit expiration date, an option type (C for Call or P for Put), and a strike price that could include decimals. [/list> 4. Extracting Option Components If the symbol is a valid option symbol, the following code extracts the components: baseSymbol := str.match(currentSymbol, "^ +") expirationDate := str.substring(currentSymbol, str.length(baseSymbol), str.length(baseSymbol) + 6) optionType := str.substring(currentSymbol, str.length(baseSymbol) + 6, str.length(baseSymbol) + 7) strikePrice := str.substring(currentSymbol, str.length(baseSymbol) + 7, str.length(currentSymbol)) baseSymbol: Extracts the letters representing the stock symbol (e.g., TSLA). expirationDate: Extracts the expiration date in the form of a 6-digit number (e.g., 250131). optionType: Extracts the option type (C for Call, P for Put). strikePrice: Extracts the strike price, which is the value after the option type (e.g., 400.0). [/list> 5. Fetching the Base Symbol Price baseSymbolClose = request.security(baseSymbol, "1", close) This line uses the request.security() function to get the most recent close price of the base symbol (e.g., TSLA) on a 1-minute chart. 6. Converting the Strike Price to a Float strikePriceFloat = na(strikePrice) ? na : str.tonumber(strikePrice) Converts the strike price string to a numerical value (float). If the strike price is not available (i.e., na), it will not proceed with calculations. 7. Price Difference Calculation priceDifference = baseSymbolClose - strikePriceFloat This calculates the difference between the base symbol's close price and the strike price. For a Call option, this represents how much the stock price is above or below the strike price. 8. Adjusting for Put Options if optionType == "P" priceDifference := strikePriceFloat - baseSymbolClose If the option is a Put, the price difference is reversed because a Put option becomes valuable when the stock price is below the strike price. 9. Plotting the Price Difference priceDiffPlot = plot(priceDifference, title="Price Difference (Strike - Base)", color=color.blue, linewidth=2, style=plot.style_line, offset=0) This line plots the calculated price difference as a blue line. 10. Zero Line Plot zeroLinePlot = plot(0, "Zero Midline", color=color.white, linewidth=1, style=plot.style_line, offset=0) This plots a white line at the zero level. This helps visually separate when the price difference is positive or negative. 11. Filling the Area Between the Price Difference and Zero Line fill(priceDiffPlot, zeroLinePlot, color=color.new(priceDifference > 0 ? color.green : color.red, 70)) This fills the area between the price difference plot and the zero line: Green if the price difference is positive (indicating the option is In the Money for Calls or Out of the Money for Puts). Red if the price difference is negative (indicating the option is Out of the Money for Calls or In the Money for Puts). Final Thoughts This script is useful for traders and options investors who want to track the status of an option relative to the current price of the underlying asset. The green and red fill colors provide an immediate visual cue for whether the option is ITM or OTM. By applying this indicator on TradingView, users can easily see whether a particular option is valuable (ITM) or worthless (OTM) based on the current market price of the underlying asset. This makes it a valuable tool for quick decision-making in options trading.
Indicateur Pine Script™
par Midgar-
Venta's DikFat Spread Visualizer & Dynamic Options Chain **Venta's DikFat Spread Visualizer and Options Chain Strike Scanner** is a powerful trading tool designed to give users an immediate view of the nearest options strikes relative to the current price of the underlying asset. This script dynamically displays a selected number of call and put options strikes from the **options chain**, visualizing them directly on the chart for better decision-making. By default, the script shows options strikes for the current chart’s price, but users have the flexibility to extend the view to include strikes on the opposite side of the market. The available options allow you to show either 3, 6, or 9 strikes on either side of the current price level. This tool is essential for options traders who want to track strike prices in relation to the underlying asset's price movements. It provides key visual clues such as strike price distributions, volatility, and potential areas of market basing—all in a customizable and user-friendly interface. --- █  CONCEPTS This script pulls real-time **options strikes** directly from the **options chain**, providing traders with the ability to see call and put strikes as dynamic price markers on their chart. The concept revolves around understanding the proximity and distribution of strikes based on the current price and market conditions. Key Features **Dynamic Options Strike Display**: The script automatically identifies and displays the options strikes closest to the current market price of the underlying asset. **Customizable Strike Range**: Choose between 3, 6, or 9 strikes on either side of the current price, giving flexibility in visualizing different strike ranges. **Current Chart Focused by Default**: When added to the chart, the script focuses on the strikes closest to the current price. However, users can opt to include strikes on the opposite side of the market for a broader view. **Instant Market Context**: The displayed strikes offer a snapshot of the options market and how the current price relates to potential option expiration levels, helping traders understand key zones. **Visual Clues on Spreads & Volatility**: This script not only displays the strikes but also provides instant visual clues that reflect the volatility and spread of the options market. --- █  HOW IT WORKS The script operates by accessing the **options chain** for the underlying asset, identifying the nearest call and put strikes, and plotting them as visual markers on the chart. This real-time strike data is dynamic, adjusting automatically as the market price moves. Strike Calculation The script uses the current price of the underlying asset as a base point and calculates the nearby **options strikes** from the **options chain**. Depending on the user's settings, the script will plot up to 9 strikes on either side of the price level. This calculation is performed using live market data, making sure the plotted strikes always reflect the most current market conditions. Visual Clues **Spreads**: The space between the plotted call and put options strikes provides immediate insights into the current bid/ask spreads. If the spread between strike prices is wide, it suggests increased volatility or a higher level of uncertainty in the market. Conversely, narrow spreads often indicate market stability or a lack of price movement. **Market Basing**: When options strikes form a concentrated group near a certain price level, it can indicate that the market is building up or basing at a key level. This might signal the potential for a breakout or a reversal. **Volatility Insights**: Wider gaps between strikes, particularly on the call side versus the put side (or vice versa), can indicate an imbalance in options trading activity, often a reflection of higher volatility expectations. This visual clue can help traders assess when the market is pricing in significant movements. Customization and User Settings **Number of Strikes**: The number of options strikes shown is fully customizable, allowing users to display 3, 6, or 9 strikes on either side. **Show Opposite Strikes**: By default, the script shows strikes on the current side of the market, but users can enable the option to show strikes on the opposite side to gain a more complete view of the market's options landscape. **Strike Colors & Width**: Customize the visual appearance of the plotted strikes by adjusting the color and line width for better clarity and chart aesthetics. --- █  POTENTIAL USE CASES This indicator is especially valuable for **options traders**, **market analysts**, and anyone interested in gaining insights into the underlying options market. Here are some of the key use cases: **Options Traders**: Quickly identify the nearest strike prices and understand the risk/reward potential for options positions. The ability to customize the number of strikes shown allows traders to focus on the most relevant price levels. **Volatility Monitoring**: Use the visual clues from the spread between strike prices to assess the level of volatility in the options market. A wider spread suggests that options traders are expecting more significant price moves, while a narrow spread indicates less expected movement. **Support and Resistance Identification**: The clustering of strike prices on one side of the market can indicate a potential support or resistance level. By monitoring these levels, traders can get a sense of where the market may reverse or consolidate. **Market Sentiment Analysis**: A large concentration of call strikes above the current price level, or put strikes below, can be an indication of market sentiment, such as whether traders are generally bullish or bearish. **Risk Management**: By tracking nearby options strikes, traders can adjust their strategies to minimize risk, especially when market price levels approach significant strike points. --- █  FEATURES **Real-Time Data**: The script pulls data from the **options chain**, ensuring that the plotted strikes are always up-to-date with the current market price. **User-Friendly Interface**: Clear and customizable inputs allow users to easily adjust the number of strikes displayed and control visual settings such as colors and line widths. **Visual Strike Indicators**: Instantly spot volatility, market basing, and spread imbalances through visual clues from the plotted strikes, enhancing your market analysis. --- █  LIMITATIONS **Accuracy Depends on Market Data**: This indicator relies on the available **options chain** data. While the data is updated in real-time, its accuracy may depend on the liquidity and availability of options contracts in the market. **Not Suitable for Non-Options Traders**: If you don’t trade options, the relevance of this indicator may be limited as it is designed specifically to provide insight into the options market. **Data Delays**: In fast-moving markets, there may be a slight delay in the updating of strike prices, depending on the data feed. --- █  HOW TO USE **Load the Script**: Add the **Venta's DikFat Spread Visualizer and Options Chain Strike Scanner** script to your TradingView chart. **Adjust Settings**: Use the input options to select the number of strikes you want to display (3, 6, or 9). You can also choose whether to display only the current chart’s strikes or include strikes from the opposite side. **Interpret the Strikes**: Look at the plotted strikes to gain insights into where the market is currently pricing options and where major strike prices are located. Pay attention to the spreads, concentrations, and volatility signals. **Monitor the Market**: As the market moves, watch how the strikes shift and cluster, providing you with real-time information about market sentiment and potential volatility. --- █  THANKS We would like to extend our gratitude to the PineCoders community for their ongoing support and contributions to the TradingView Pine Script ecosystem. Special thanks to The Options Team.
Indicateur Pine Script™
par Midgar-
6
Previous Day High and Low by DRK TradingThe Previous Day High and Low Indicator is a simple yet powerful tool designed for traders who want to keep track of critical levels from the previous trading session. This indicator automatically marks the high and low of the previous day on your chart with dashed horizontal lines, making it easier to identify key support and resistance zones. Features: Horizontal Lines: Clearly marks the previous day's high and low levels. Dynamic Updates: Automatically updates at the start of a new trading day. Visual Clarity: Includes labels at the start of the day for quick reference. Customizable: Works seamlessly across all timeframes and instruments. Use Case: Identify potential breakout and reversal zones. Enhance intraday and swing trading strategies by focusing on key price levels. Plan stop-loss and target levels based on historical price movements. This indicator is perfect for price action traders, intraday scalpers, and swing traders who rely on past price behavior to make informed decisions.
Indicateur Pine Script™
par rkdervaliya