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Trinity VIX DashboardTrinity VIX Dashboard Indicator – Quick TradingView Guide **Purpose** This lightweight indicator displays the current **VIX value** + its short-term trend (based on the last 3 candles) directly on your chart. It’s especially useful for options traders on 3–10 minute charts who want a fast visual check of volatility mood without switching symbols. **What it shows** - **VIX** label - Current VIX value (with customizable background color) - Trend direction of the last 3 candles: - **Up ↑** (red by default) - **Down ↓** (green by default) - **Sideways ↔** (gray by default) **Color logic for the VIX value** - Below **Low Threshold** → green background (default 18) - Above **High Threshold** → red background (default 19) - Between the two thresholds → yellow background (neutral zone) **How to add and use it** 1. Open TradingView → Pine Editor 2. Paste the full script (the latest version I provided) 3. Click “Add to Chart” **Customize in Settings (Inputs tab)** - **Table Position** Choose where the panel appears: Top Left, Top Right, Top Middle, Bottom Right, Bottom Middle, etc. (Bottom Right is default) - **Text Size** Tiny / Small / Normal / Large (Normal is default) - **VIX Low Threshold** (default 18.0) Anything below this level gets the “low” color (usually green) - **VIX High Threshold** (default 19.0) Anything above this level gets the “high” color (usually red) - **Background Colors** - VIX < Low Threshold (green) - VIX > High Threshold (red) - Between thresholds (yellow) - **Trend Colors** - Up trend - Down trend - Sideways **Practical usage tips for options trading (3–10 min charts)** - **Low VIX (< your low threshold)** → calm market → expect smaller moves, tighter option premiums, good for selling premium or calls (long calls, credit spreads, iron condors) - **High VIX (> your high threshold)** → fear / volatility spike → wider ranges, more expensive options, good for buying premium (long puts, debit spreads) or scalping volatility - **Middle zone** → neutral / uncertain → avoid aggressive directional trades or wait for breakout - Watch the **trend arrow**: - Down arrow (green) → volatility contracting → potential mean-reversion or calm continuation - Up arrow (red) → volatility expanding → possible panic or big move coming **Best chart setup** Works best on SPX, SPY, QQQ, or any major index where VIX data is reliable. Use on lower timeframes (3–15 min) for intraday options decisions. **Limitations** - No resizing or dragging (Pine Script limitation) — only move via position input - Shows only last 3 candles trend (simple but fast) - Requires TVC:VIX data access on your chart That’s it — a minimal, focused VIX snapshot you can glance at while trading options. Adjust thresholds to match your strategy (e.g. 15/20, 17/25, 12/30 are popular alternatives).
Indicateur Pine Script®
par EMA34TRADER
0DTE Strategy0DTE Strategy - Quick Guide WHAT IT DOES: Automated indicator for 0DTE SPY options scalping. Shows exact trading windows, entry signals, and market conditions in real-time. SETUP: 1. Apply to SPY chart (use 30-second timeframe for entries) 2. Settings > " USI:TICK Settings" > change symbol if "USI:TICK" doesn't work (try: USI:TICK , TICK, or NYSE:TICK) 3. Adjust colors if needed for your chart background HOW TO USE: TRADING WINDOWS (Color-coded backgrounds): - 9:35-9:50 AM (GREEN) = Trade 1 - Morning Impulse - 10:00-10:20 AM (BLUE) = Trade 2 - Trend Confirmation - 11:00 AM-3:30 PM (RED) = DEATH ZONE - Stay Cash, No Trading - 3:45-4:00 PM (PURPLE) = MOC Window - Check imbalance data ENTRY SIGNALS: - BUY (green triangle) = Price > VWAP + 9EMA + USI:TICK > +600 during active window - SELL (red triangle) = Price < VWAP + 9EMA + USI:TICK < -600 during active window - Signals stay active until opposite signal appears (no spam) DASHBOARD (Top Right): - Gap = Shows if gapping up/down vs yesterday's close - Window = Current trading window status - USI:TICK = Live NYSE TICK value (green >600, red <-600) - 5-Min Trend = Higher timeframe trend direction - Signal State = Current active signal (BUY/SELL/NEUTRAL) KEY LEVELS (Horizontal lines at market open): - PMH (green) = Pre-market high - acts as resistance - PML (red) = Pre-market low - acts as support - PDC (gray) = Previous day close - gap reference STRATEGY: 1. Before 9:30: Watch gap direction and pre-market levels 2. 9:35-9:50: Wait for BUY/SELL signal in Trade 1 window 3. Entry: Take signal when all conditions align (VWAP + EMA + TICK) 4. Exit: Target +$50 or use 20% hard stop per document rules 5. 11:00-3:30: Stay cash (Death Zone) 6. 3:45-4:00: MOC window (check NYSE imbalance data separately) BEST PRACTICES: - Use on 30-second chart for precise entries - Check 5-minute chart to confirm trend alignment - Only trade during colored window backgrounds - Follow the 4-bullet risk management from original guide - Dashboard shows "HOLD CALLS" or "HOLD PUTS" when signal is active IMPORTANT: This is a signal tool, not a full trading system. You must still apply proper position sizing, risk management, and verify MOC imbalances externally.
Indicateur Pine Script®
par Kingsway139
Dual Iron Butterfly Analyzer Overview This indicator backtests and analyzes a 0DTE (zero days to expiration) dual iron butterfly options strategy on SPX. It measures how often price stays within profitable ranges from a fixed daily entry time to settlement, calculating expected P/L based on your butterfly structure. The strategy enters at 16:00 CET (10:00 ET) and settles at RTH close (22:00 CET / 16:00 ET), giving approximately 6 hours of exposure per trade. Strategy Structure The dual iron butterfly consists of two overlapping flies centered around the entry price: Fly A (Bearish-Biased) Center strike at Entry Price minus Offset (default: -20 points) Wings extend ±40 points from center Fly B (Bullish-Biased) Center strike at Entry Price plus Offset (default: +20 points) Wings extend ±40 points from center This creates three profit zones: Max Profit Zone: Price settles between the two center strikes (within ±20 points of entry) Both Win Zone: Price settles where both flies remain profitable (within ±40 points) Breakeven Zone: Combined structure breaks even at ±60 points from entry How It Works The indicator captures the entry price at 16:00 CET each trading day and records the settlement price at the following day's first bar. It then calculates: Deviation Analysis Absolute percentage and point deviation from entry to settlement, sorted into customizable buckets to show the probability distribution. P/L Calculation For each fly, the P/L formula is: Credit minus the minimum of (deviation from center) or (wing width). The combined P/L sums both flies. With default settings (29 points credit per fly, $100 multiplier), max profit per day is $3,200 and max loss is $2,200. Drawdown Tracking The indicator tracks cumulative P/L over the lookback period, calculating peak equity, maximum drawdown, and current drawdown to assess strategy risk. What Makes This Different Unlike standard deviation indicators, this tool is purpose-built for options traders analyzing dual iron butterfly viability. It provides: Options-specific P/L calculations based on actual butterfly payoff structure Visual probability distribution with key thresholds marked (breakeven, both-win, max-profit zones) Rolling lookback window that respects your chosen sample size Drawdown metrics essential for position sizing and risk management Features Distribution Table — Shows deviation buckets with cumulative probability Zone Highlighting — Color-coded rows for max profit, both-win, and breakeven thresholds P/L Summary — Total P/L, average per session, win rate, best/worst days Drawdown Section — Max drawdown in dollars and percentage, peak equity, current drawdown Optional Labels — Entry and settlement markers on the chart Configurable Structure — Adjust offset, wing width, and credit to match your actual trades Settings Guide Iron Butterfly Structure Center Offset — Distance from entry price to each fly's center strike (default: 20 points). Larger offset = wider max profit zone but lower probability. Wing Width — Distance from center to outer wings (default: 40 points). Determines max loss per fly and breakeven distance. Net Credit per Fly — Premium received per iron butterfly in SPX points (default: 29). Adjust based on current market conditions and your actual fills. Lookback — Rolling window of trading days to analyze (default: 252 = 1 year). Use 504 for 2 years of data. Distribution Settings Bucket Size — Percentage increment for distribution buckets (default: 0.10%). Smaller = more granular view. Number of Buckets — How many rows to display (default: 20). Display Table Position — Corner placement for the statistics table. Show Entry/Settle Labels — Toggle chart labels marking entry and settlement prices. How to Use Apply to SPX (SPCFD) on an intraday timeframe (1 hour recommended) Set the butterfly parameters to match your intended trade structure Review the Cumul % column to see probability of staying within each deviation level The highlighted BREAKEVEN row shows your probability of profit Use the P/L Summary to evaluate expected returns over your lookback period Monitor the Drawdown section to understand worst-case scenarios for position sizing Interpreting the Table Purple row (MAX PROFIT) — Deviation where both flies achieve maximum profit Green row (BOTH WIN) — Deviation where both flies remain profitable Yellow row (BREAKEVEN) — Combined structure breakeven point Green percentages (≥80%) — High probability levels Orange percentages (60-79%) — Medium probability levels Red percentages (<60%) — Lower probability levels Chart Requirements Symbol: SPX (use SPCFD for extended hours data) Timeframe: Intraday (1h recommended, 30m or lower also works) The chart must include 16:00 CET bars for entry detection Alerts Deviation Exceeds Breakevens — Triggered when settlement exceeds the combined breakeven range Max Profit Zone Hit — Triggered when settlement falls within the max profit zone Limitations Historical analysis only — Past deviation patterns may not predict future behavior Fixed entry time — Does not account for intraday entry timing optimization Credit assumption — Actual premiums vary with VIX, time to expiry, and market conditions No transaction costs — Does not include commissions, fees, or slippage Single contract — Assumes 1 contract per trade with no scaling or compounding Disclaimer This indicator is for educational and research purposes only. It does not constitute financial advice. Past performance does not guarantee future results Options trading involves significant risk of loss The P/L calculations are theoretical based on your input parameters Always paper trade and validate with real market data before risking capital Conduct your own research and consult a financial advisor if needed
Indicateur Pine Script®
par luiscaballero
All in one Dynamic Trade SessionsAll in one Dynamic Trade Sessions: Trend Filter: Uses the 50 EMA to determine the main direction (Buy only above, Sell only below). Momentum Entry (from MACD-RSI): Uses the MACD (12, 26, 9) for the entry crossover signal. Confirmation (from ---Momentum): Uses RSI (Length 7) to ensure the move has strength. Exits (from Breakout Detector): Uses ATR (14) to automatically calculate your Stop Loss and Take Profit levels. All in one Dynamic Trade Sessions identifies "Trade Sessions" dynamically. A "Session" starts when volume and momentum kick in (Green/Red background) and ends when the market goes into a chop (Grey background). How V5 Works (The "Breakdown" Logic) Session Start: When the Grey Zone ends (RSI breaks out of 45-55) AND Volume spikes. The background turns Blue. Session End: When the Grey Zone returns (RSI falls back between 45-55). The background turns Grey.
Indicateur Pine Script®
par nio1101
0DTE Strategy 30-Day Sprint: 0DTE Strategy Indicator Based on NYC2000's tactical guide for scaling small accounts using disciplined 0DTE SPY options trading. WHAT IT DOES: - Tracks the 4 key trading windows throughout the day - Shows 9EMA and VWAP on both current timeframe and 5-min HTF for trend alignment - Displays pre-market levels (PMH, PML, PDC) - Generates buy/sell signals based on trend + pullback entries - Color-coded backgrounds warn you of the "Death Zone" (11am-3:30pm) - Real-time dashboard shows trend alignment and recommended action THE 4 WINDOWS: 1. Trade 1 (9:35-9:50 AM) - Morning Impulse Scalp - GREEN background 2. Trade 2 (10:00-10:20 AM) - Trend Confirmation - BLUE background 3. Death Zone (11:00 AM-3:30 PM) - STAY CASH - RED background 4. MOC Trade (3:45-4:00 PM) - Market-On-Close momentum - PURPLE background HOW IT WORKS: - BUY SIGNAL: Price above VWAP + 9EMA on both timeframes, pullback to EMA, then bounce - SELL SIGNAL: Price below VWAP + 9EMA on both timeframes, rejection at EMA, then drop - Only signals during active windows (avoids the Death Zone) - Dashboard (top right) shows current status and what to watch for WHAT YOU CAN CUSTOMIZE: - Timeframes (default: 5-min trend, 30-sec entry) - All trading window times - EMA length (default: 9) - Colors for everything - Toggle on/off: signals, windows, pre-market levels, alerts, dashboard - Alert notifications for signals and zone changes BEST USE: Apply to SPY on 30-second chart. Use 5-minute for trend confirmation. Follow the strict trading windows and risk management rules from the original guide. Remember: This is a visual aid. It shows you WHEN and WHERE to look for setups. You still need to confirm with MOC imbalance data, USI:TICK , and follow the 20% hard stop rule.
Indicateur Pine Script®
par Kingsway139
Forex Visual Market ClockWhat it is The Forex Visual Market Clock is a professional-grade session dashboard designed to help traders identify global liquidity cycles at a glance. Inspired by classic 24-hour market clocks, this indicator renders a persistent, high-contrast table on your chart that tracks market opens, closes, and the high-volume overlaps between the world's major financial hubs. How it works • Local Time Synchronization: The indicator translates global UTC market hours into your specific local timezone using IANA identifiers. This ensures that your "You Are Here" highlight (the white box) stays perfectly aligned with your actual wall clock. • Automatic DST Management: The script natively handles Daylight Savings Time transitions for the selected local timezone, eliminating the need for manual GMT offset adjustments. • Liquidity Visualization: o Color-Coded Tracks: Each city is represented by a unique color-coded bar (Green for London, Orange for New York, Blue for Sydney, Yellow for Tokyo). o Volume Peak Logic: A dedicated "VOLUME" row turns red during the London/New York overlap, signaling the period of highest historical volatility and liquidity. • Engineered for Efficiency: Wrapped in barstate.islast logic, the script updates tick-by-tick without degrading chart performance, making it ideal for fast-paced M5 trading. Inputs • Local Timezone: A dropdown menu to select your region (e.g., America/Los_Angeles). This defines which hour the white "current time" box highlights. • Display Corner: A layout setting to anchor the dashboard to any corner of your screen (Upper Left, Upper Right, Lower Left, or Lower Right). • Visual Controls: Users can customize the opacity of the session bars and the thickness of the grey frame to suit their specific chart theme.
Indicateur Pine Script®
par cechapman
stelaraX - Supply & Demand ZonesstelaraX – Supply & Demand Zones stelaraX – Supply & Demand Zones is a price action indicator designed to automatically draw supply and demand zones based on pivot structure and candle confirmation. The script highlights potential institutional reaction areas and extends zones forward for easy planning and level-based analysis. For advanced AI-based chart analysis and automated zone interpretation, visit stelarax.com Core logic The indicator detects zones using pivot logic with a user-defined lookback period. Supply zones are created when: * a pivot high is confirmed * the candle at the pivot reference point is bearish (close below open) Demand zones are created when: * a pivot low is confirmed * the candle at the pivot reference point is bullish (close above open) Zone boundaries are defined using the pivot candle range: * supply zone uses the pivot high as the top and the candle body high as the bottom * demand zone uses the pivot low as the bottom and the candle body low as the top Visualization The script draws zones directly on the chart using extended boxes: * supply zones are displayed in red tones * demand zones are displayed in green tones Each zone is extended forward by a configurable number of bars to keep the level visible for future price interaction. Zone colors and border styles are fully customizable. The indicator maintains a clean chart by limiting the total number of active zones for both supply and demand. Use case This indicator is intended for: * identifying key supply and demand reaction zones * level-based trading and confluence analysis * planning entries and exits around structural areas * mapping potential reversal and continuation locations * multi-timeframe zone tracking For a fully automated AI-driven chart analysis solution, additional tools and insights are available at stelarax.com Disclaimer This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.
Indicateur Pine Script®
par stelaraX_official
2
[src] [uxo, @envyisntfake] accurate strike -> futures conversioni accidetnally clicked protected script and not open source the script lolololol no trader should ever fear a tool that they rely on to be hidden unless its a niche concept check out @envyisntfake discord / github, i used his convertor as a base, i only improved the porting to make this live, and added smoothing to make the conversions better rather than manually inputting it into his calculator
Indicateur Pine Script®
par jellomonster265
SPX SPY 5Min Lock🔹 DESCRIPTION (Public Library) This indicator overlays SPX price levels directly onto the SPY chart by converting SPX levels into SPY prices using a session-locked SPY/SPX ratio. Instead of mentally translating SPX levels, you see them mapped precisely on SPY, where you actually trade. How it works • Calculates the SPY-to-SPX price ratio • Locks the ratio at the first 5-minute RTH candle close (9:35am ET) • Uses that fixed ratio for the entire session • Converts SPX levels into accurate SPY-equivalent prices • Draws clean labels (and optional short stubs) directly on SPY Why the 5-minute lock SPY and SPX can drift slightly during the day. Locking the ratio at 9:35am creates stable, non-moving levels that stay consistent throughout RTH, making them far more usable for intraday trading. Best use cases • SPY / SPX options traders • Index-based level traders • GEX, gamma, and macro level mapping • Traders who think in SPX but execute in SPY Customization • Adjustable SPX level spacing (5 / 10 / 25) • Number of levels above and below price • Label size and offset • Live or Locked ratio mode • Optional short line stubs • Info table with ratio and lock status
Indicateur Pine Script®
par GEOC1
FX-CLINIC: Ultimate ICT Toolkit V1FX-CLINIC: Ultimate ICT Toolkit V1 ICT indicator contain multiple tools working powerful together 1- EXTRNAL STRUCTURE: # Show EMSS,EBOS automatic # Can control the length of the swing # Can Change color type of the label and the line 2- INTERNAL STRUCTURE: # Show IMSS,IBOS automatic # Can control the length of the swing # Can Change color type of the label and the line 3- LIQUIDITY LEVELS # BSL,SSL # Can control the strong of liquidity from 1-20 # Can Change color type of the label and the line 4- LIQUIDITY SWEEP: # Can control the strong of liquidity from 1-20 # Can Change color type of the label and the line 5- FVG # Automatic updated and deleted if break 100% by body candle # Can Change color type of the label and the line # Has 50% line and Can Change color type 6- ORDER BLOCK # Automatic updated and deleted if break 100% by body candle # Can Change color type of the label and the line # Has 50% line and Can Change color type
Indicateur Pine Script®
par doctorbaba
6
ronyImran Rony is an advanced based binary trading indicator designed to deliver high-accuracy CALL & PUT signals on short timeframes. It uses RSI volatility with TMA deviation channels to identify overbought and oversold market conditions, while the optional EMA Trend Force filter helps avoid counter-trend trades and improves overall signal quality. All signals are non-repainting and confirmed after candle close. The indicator also features a real-time performance dashboard displaying Win Rate, total Wins & Losses, current Trend direction, and active signal status, allowing traders to monitor performance directly on the chart. Best suited for Binary Options trading on 1M–5M timeframes, including OTC and Forex pairs. ⚠️ This indicator is for technical analysis only. Always use proper risk management. This Code Made by Imran Rony Telegram : @Imran_755
Indicateur Pine Script®
par imranrony888
CGI - Option Premium Tracker [CE vs PE]## ⚡ CGI - Nifty Option Premium Tracker **"Stop Switching Tabs. Decode the Institutional Battle."** Trading Options in Nifty & BankNifty requires speed and clarity. Retail traders lose money because they look at the Spot Chart, but Big Players manipulate the **Premium Chart**. The **CGI Premium Tracker** solves this. It plots both the **CALL (CE)** and **PUT (PE)** premium charts directly on a single screen, allowing you to spot the real winner in real-time. --- ### 🎯 Key Features (Free Version) #### 1. ⚡ Dual-Chart Technology * Visualize the **CE (Green Candles)** and **PE (Red Candles)** side-by-side. * **The Logic:** If Spot is moving up, but the Call Premium isn't following (Divergence), it's a trap. This tool helps you see that instantly. #### 2. 🐋 Operator Candle Detection * **Blue Candles:** Highlight massive volume spikes (1.5x Average). This usually indicates "Smart Money" entering positions. * **Yellow Candles:** Indicate extreme churn/panic. #### 3. 🛡️ Institutional Anchors (Fresh AVWAP) * Standard VWAP lags. Our **Fresh AVWAP** resets daily or at the first 15-minute close, showing you the *true* intraday average price where institutions defend their positions. #### 4. 🚀 Scalper's EMA * Includes the classic 8-EMA setup. A visual guide to stay in the trend as long as momentum holds. --- ### 🛠️ How to Use This Tool 1. **Select Your Strikes:** Go to settings and simply type the Strike name (e.g., `NIFTY24FEB26000CE`). 2. **Watch the Flow:** When Green Candles (CE) dominate Red Candles (PE) above the Anchors, the trend is real. 3. **Spot the Operator:** Watch for **Blue Candle** breakouts to identify where the momentum is starting. --- ### 🔓 Unlock Institutional Intelligence This is the **Basic Visualization** tool. Our **CGI Titanium Engine** (Invite-Only) is designed for professional analysis, adding: * ✅ **Institutional Flow Ribbon:** Visualizes the dominant trend without the noise. * ✅ **Trap Zone Detection:** Automatically highlights "Judas Swings" and fake-outs. * ✅ **Market Consensus:** Advanced geometry to find high-probability reversal zones. **👉 Check the Author Profile below to join the CGI Community!** 👇 **Drop a BOOST (Like) if this tool improved your screen setup!** 🚀
Indicateur Pine Script®
par RaghunanddanBarrve
1
ZERO LEVEL ENTRY BY SIDDAM RAJUOverview The Intraday Low Tracker is a specialized price-action strategy designed to catch potential reversals or pullbacks from new intraday lows. Unlike standard indicators that repaint or give premature signals, this tool uses a strict "Wait & Break" logic. It identifies a new low, waits for a confirmation candle, and only triggers an entry if the market proves strength by breaking above that confirmation level. How It Works (The Logic) Identifies the Low: The indicator continuously tracks the market to find the lowest low of the current day. The "After Candle" Setup: Once a new low is established, the indicator waits for the immediate next candle (the "After Candle") to close. The Setup Zone: Green Line (Entry): Drawn at the High of the "After Candle." Red Line (Stop Loss): Drawn at the Day Low. The Trigger (Strict Entry): A signal is NOT counted just because lines are drawn. The system enters "WAITING FOR BREAKOUT" mode. An entry is valid ONLY if price actively breaks ABOVE the Green Entry Line. Trade Management: Once triggered, the trade remains active until it hits the user-defined Target (Blue Line) or the Stop Loss (Red Line). Key Features Strict Breakout Logic: Prevents false entries by requiring price to actually move above the setup candle. Live Dashboard: A clean table on the chart displays: Status: "Scanning", "Waiting for Breakout", or "Trade Active". Levels: Exact prices for Entry, Target, and Stop Loss. Statistics: Tracks "Total Entries", "Targets Hit", and "SL Hit" for the current session. Visual Clarity: Green Entry Label: Appears ABOVE the confirmation candle. Red SL Label: Appears BELOW the confirmation candle. Dynamic Lines: Lines automatically update or vanish if a setup is invalidated (e.g., if a new lower low is made before entry). Settings Target Profit %: Set your desired percentage gain (default is 10%). Visual Customization: Change line colors, styles, and widths to fit your chart theme. Table Size: Adjust the dashboard size (Tiny, Small, Normal, Large). How to Use Apply the indicator to your intraday timeframe (e.g., 1-minute, 5-minute). Wait for the Green/Red lines and the "ENTRY" label to appear. Do not enter immediately. Watch the status table. Enter the trade only when price crosses the Green Line. Exit at the Blue Target Line or if price falls back to the Red SL Line. Disclaimer This tool is for educational and informational purposes only. Past performance does not guarantee future results. Always manage your risk properly.
Indicateur Pine Script®
par carajusiddam9
Iron Fly 0DTE StrategyOverview This indicator identifies optimal entry and exit points for 0DTE (zero days to expiration) Iron Fly options strategies on SPX. It uses a combination of DMI (Directional Movement Index) regime classification and ATR (Average True Range) volatility measurement to determine when market conditions favor non-directional premium selling. An Iron Fly is a neutral options strategy that profits when price stays near a central strike. This indicator automates the decision of WHEN to enter and at WHAT strikes, based on quantifiable market conditions rather than discretionary judgment. How It Works Market Regime Classification The core logic uses DMI and ADX to classify market conditions into four regimes: SAFE - ADX below 25 AND DI Spread below 20: Low directional momentum, ideal for Iron Flies CAUTION - ADX below 35 AND DI Spread below 30: Moderate conditions, wider wings recommended WARNING - ADX below 45 OR DI Spread below 45: Elevated risk, no new entries NO ENTRY - ADX above 45 AND DI Spread above 45: Strong trend, avoid premium selling The DI Spread is calculated as the absolute difference between DI+ and DI-. A low spread indicates balanced buying and selling pressure, which favors range-bound price action. Dynamic Wing Width Calculation Wing width (the distance between the short strikes and protective long strikes) is calculated dynamically using: Wing Width = ATR(14) × Multiplier × Late Session Factor The multiplier varies by Entry Aggressiveness setting (5x to 7x ATR). Wings are widened by 20% in CAUTION regime for additional protection. Late in the session (after 50% elapsed), wings narrow by up to 20% as less time remains for adverse moves. Wing width is bounded between 15 and 50 points and rounded to the nearest 5-point strike. Entry Logic New positions open when: Market regime is SAFE or CAUTION Current open positions are below the maximum limit Daily trade count is below the daily limit Price has moved sufficiently from the last entry (trigger distance) No existing position at the calculated strike Exit Logic Positions close when price exceeds a dynamic exit threshold: Exit Threshold = Wing Width × (Base Exit Percent + Time Decay Bonus) The Base Exit Percent varies by Exit Aggressiveness (50% to 80%). The Time Decay Bonus increases throughout the session (0% to 25%), allowing wider tolerance as theta decay works in your favor. What Makes This Original This indicator differs from simple moving average or RSI-based approaches by: Using DMI spread (not just ADX) to measure directional balance, which better identifies consolidation Dynamically sizing wings based on current ATR rather than fixed widths Adjusting exit tolerance based on session progress to account for theta decay Implementing regime-based position management that automatically steps aside during trending conditions Providing complete strike calculations for the 4-leg Iron Fly structure Settings Guide Strategy Settings Entry Aggressiveness - Controls how often new trades open. LOW: fewer trades, wider wings, more selective. MID: balanced. HIGH: more trades, tighter wings. Exit Aggressiveness - Controls how long positions are held. LOW: exits early at 50% of wing. MID: exits at 65% plus time bonus. HIGH: holds longer, exits at 80%. Max Concurrent Flies - Maximum simultaneous open positions (1-5). Start with 1-2. Max Trades Per Day - Daily limit to prevent overtrading (3-30). Session Settings Session Start/End - Trading hours in Eastern Time. Default 10:00-16:00. How to Use Add indicator to SPX chart (1-5 minute timeframe recommended) Create alert with condition "Any alert() function call" When OPEN alert fires, execute the 4-leg Iron Fly in your broker at the specified strikes When CLOSE alert fires, close the position Always verify the premium collected justifies the risk before entering Alert Messages OPEN alerts provide: Strike price, wing width, and all four leg strikes (short call, short put, long call, long put). CLOSE alerts provide: Strike price and exit reason (price exceeded threshold or session ended). Status Panel The on-chart panel displays: Positions - Current open count vs maximum Market - Current regime classification Wings - Current calculated wing width Exit @ - Current exit threshold distance Trades - Daily trade count vs limit Limitations Designed specifically for SPX 0DTE options; may not suit other underlyings Does not account for bid-ask spreads or execution slippage Market regime classification may lag during rapid regime changes Past performance of signals does not guarantee future results Requires manual execution in your options broker Best Conditions This strategy performs best during: Range-bound, choppy market conditions Normal volatility days (avoid major news events) Regular trading hours (10 AM - 4 PM ET) Avoid using during: Strong trending days FOMC announcements, CPI releases, earnings Pre-market or after-hours Disclaimer This indicator is for educational and informational purposes only. It does not constitute financial advice. Options trading involves substantial risk of loss Iron Flies can result in losses up to the wing width minus premium collected Past indicator signals do not guarantee future performance Always understand your maximum risk before entering any trade Never risk more than you can afford to lose Conduct your own research and consider consulting a financial advisor
Indicateur Pine Script®
par luiscaballero