'NSE Option Straddle Candle Chart' plot a straddle chart of the mentioned strike. Straddle means combine price of a call price and a put price.
User has 4 inputs : 1 : Spot Symbol 2 : Expiry date 3 : Straddle Strikes 4 : Ema Length 5 : Supertrend Inputs
How to use : 1 : Trade need to know first what is a straddle. If ATM straddle price is 405, than it means market is likely to close within 405 points up or down at the expiry. 2 : Straddle is traded on pairs only 3 : If trader sells a straddle than , straddle price should move down. For there reference supertrend and moving average is plotted on chart 4 : Both this indicators helps trade to identify the trend , hence predict market. 5 : Options are dying assite , so is straddle , so prefer selling straddle instead of buying.
@Damaris9276, its mentioned as CNXFINANCE and NIFTY_MID_SELECT in trading view charts that's the name difference problem
fratels
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@leninkumar2008, copy the script and change spot = input.symbol ( "BANKNIFTY" , title = "Spot Symbol" ) to spot = input.string ( "BANKNIFTY" , options = ['NIFTY' , 'BANKNIFTY' , 'MIDCPNIFTY' ,'FINNIFTY'] , title = "Spot Symbol" ) but it will be limited to index options only .
leninkumar2008
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@fratels, hi sir the same i have tried in option chain indicator but it's not working can provide your input
fratels
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@leninkumar2008, it works for nifty , banknifty but not for other index i have tried to fix but its not working may be the owener himself can help you.