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Telah dikemas kini ๐ง Options Strategy Dashboard (Straddle)

________________________________________
๐ง STWP Options Strategy Dashboard (Long/Short Straddle)
Author: simpletradewithpatience
Markets: NSE (India)
Best timeframe: 1-second chart
Built with: Pine Script v5
________________________________________
๐ Overview
A real-time options strategy dashboard designed for NSE Straddles:
โ Long Straddle โ Buy ATM CE + Buy ATM PE
โ Short Straddle โ Sell ATM CE + Sell ATM PE
This tool provides a visual, tick-by-tick dashboard for monitoring:
Live premiums, real-time PnL, ROI, Greeks, and risk conditions โ all in one screen.
Itโs fully manual and built for educational & tracking purposes only โ not for automation.
________________________________________
๐ Key Features
โ Track Long & Short Straddles
โ Live LTP tracking via dual symbol inputs
โ Real-time PnL, breakeven, max profit/loss
โ ROI & Risk:Reward calculation
โ Smart Exit logic with context-based alerts
โ Invalidation logic via Reversal Range breach
โ Manual input of Greeks (Delta, Gamma, Theta, IV%)
โ Greek-based warnings: Gamma Risk, IV Crush, Theta Decay
โ Days to Expiry (DTE) tracking
โ Fully customizable alert system
โ Clean emoji-labelled dashboard UI
โ Built for Indian NSE Options
โ Requires 1-second chart for correct functioning
________________________________________
๐ Option Symbol Inputs (LTP Tracking)
โ Call Symbol: ATM CE (same strike as Put)
โ Put Symbol: ATM PE (same strike as Call)
โ Symbol Tips: Use Tradingview dropdown to select NSE option symbols like NSE:RELIANCE25JUL3000CE and PE
โ ๏ธ Providing valid option symbols is essential โ all live data relies on them.
________________________________________
๐ Trade Setup Parameters
Spot Price at Entry
Strike Price (same for both legs)
Buy Price (for Long Straddle)
Sell Price (for Short Straddle)
Lot Size & Number of Lots
Loss Bearable Amount (โน) โ Used by Smart Exit logic to trigger warnings
________________________________________
๐ Expiry Date Input
Expiry Year, Month, and Day
๐ฏ Used to calculate Days to Expiry (DTE) and enable:
โฑ๏ธ Expiry alerts like โLess than 2 Daysโ, โTheta Riskโ, etc.
๐ Smart Exit logic dynamically adapts based on DTE
________________________________________
๐ Greeks (Optional)
๐น Default: Leave Greeks empty
๐น Optional: Input Delta, Gamma, Theta, IV for both Call & Put
๐ Enables:
Net Delta, Gamma, Theta, IV
Greek-based alerts and visual verdict
โ๐ข Conservativeโ๐ก Moderateโ๐ด Aggressive Risk
________________________________________
๐ Dashboard Display
๐ Strategy Type: Long or Short Straddle
๐น Entry Premiums & Live Net LTP
๐ Net Premium, Max Profit/Loss
๐ Real-time PnL (tick-level)
๐ Breakeven range
๐ ROI %, Risk:Reward & trade verdict
๐ฆ Smart Exit verdict: Hold, Exit Soon, or Book Loss
๐ Reversal Range for invalidation
๐ Days to Expiry (DTE)
๐ Greek Data (if enabled) with Net & Avg values
โ ๏ธ Greek Risk Verdict for managing directional exposure

________________________________________
๐ Alert System (Built-in Alerts)
๐ฏ Target Profit Hit
โ Max Loss Reached
๐ Loss Bearable Limit Breached
๐ Hold Signal
๐ Book Loss / Exit Soon
โณ Expiry Nearing
โ ๏ธ Reversal Breach (spot breaks outside expected range)
๐ฅ High Gamma Risk (> ยฑ0.05)
๐ High IV Alert (> 35%)
๐จ Combined Master Alert โ if any key risk triggers
________________________________________
๐ Smart Exit System
โ๏ธ A dynamic, context-aware trade assistant
โ Assesses price movement, expiry risk, and loss thresholds
โ Provides real-time exit suggestions to prevent overholding
โ Filters emotional decisions โ encourages disciplined trading
________________________________________
๐ Reversal Exit Logic (For Straddles)
๐ Detects directional invalidation
Reversal Range = ยฑ35% of Total Premium around strike price
โ ๏ธ If spot breaches this range, trade likely invalid โ exit advised
๐ Works as directional filter for neutral strategies
________________________________________
โ ๏ธ Important Notes
โ Built for NSE Options โ not suitable for other exchanges
โ Designed only for Long/Short Straddles
โ Use on 1-second chart only
โ Will malfunction on higher timeframes
โ For manual use only โ no automation
โ For educational and research use only
________________________________________
๐ฌ How to Use This Dashboard
1๏ธโฃ Select Strategy
โLong Straddle (Buy Both Legs) or Short Straddle (Sell Both Legs)
2๏ธโฃ Input Symbols
โUse accurate NSE symbols for CE & PE
3๏ธโฃ Enter Strike & Premiums
โSame strike for both legs. Add Buy or Sell prices
4๏ธโฃ (Optional) Enter Greeks
โAdd Delta, Gamma, Theta, IV for both legs
5๏ธโฃ Set Expiry
โYear, Month, Day โ enables DTE alerts
6๏ธโฃ Track Dashboard
โLive PnL, Net Premium, ROI, Reversal Range, Smart Exit
7๏ธโฃ Enable Alerts
โGet push/email/sound notifications for PnL, expiry, and Greek risks
________________________________________
๐ค Final Note
This tool was built with patience and care by simpletradewithpatience to help fellow options traders trade more objectively, systematically, and confidently.
Feel free to share feedback on Tradingview.
Happy Trading! ๐
Stay disciplined. Stay smart.
________________________________________
๐ Glossary
PnL โ Profit & Loss
LTP โ Last Traded Price
IV โ Implied Volatility
DTE โ Days to Expiry
ROI โ Return on Investment
R:R โ Risk to Reward Ratio
CE / PE โ Call / Put Option
SEBI โ Securities and Exchange Board of India
________________________________________
โ ๏ธ Disclaimer
This script is for educational and research purposes only.
I am not a SEBI-registered advisor.
No buy or sell recommendations are made.
Trading options involves significant risk.
Use proper risk management and always consult a licensed advisor if in doubt.
The author is not responsible for any financial losses incurred.
By using this tool, you agree to these terms.
________________________________________
๐ง STWP Options Strategy Dashboard (Long/Short Straddle)
Author: simpletradewithpatience
Markets: NSE (India)
Best timeframe: 1-second chart
Built with: Pine Script v5
________________________________________
๐ Overview
A real-time options strategy dashboard designed for NSE Straddles:
โ Long Straddle โ Buy ATM CE + Buy ATM PE
โ Short Straddle โ Sell ATM CE + Sell ATM PE
This tool provides a visual, tick-by-tick dashboard for monitoring:
Live premiums, real-time PnL, ROI, Greeks, and risk conditions โ all in one screen.
Itโs fully manual and built for educational & tracking purposes only โ not for automation.
________________________________________
๐ Key Features
โ Track Long & Short Straddles
โ Live LTP tracking via dual symbol inputs
โ Real-time PnL, breakeven, max profit/loss
โ ROI & Risk:Reward calculation
โ Smart Exit logic with context-based alerts
โ Invalidation logic via Reversal Range breach
โ Manual input of Greeks (Delta, Gamma, Theta, IV%)
โ Greek-based warnings: Gamma Risk, IV Crush, Theta Decay
โ Days to Expiry (DTE) tracking
โ Fully customizable alert system
โ Clean emoji-labelled dashboard UI
โ Built for Indian NSE Options
โ Requires 1-second chart for correct functioning
________________________________________
๐ Option Symbol Inputs (LTP Tracking)
โ Call Symbol: ATM CE (same strike as Put)
โ Put Symbol: ATM PE (same strike as Call)
โ Symbol Tips: Use Tradingview dropdown to select NSE option symbols like NSE:RELIANCE25JUL3000CE and PE
โ ๏ธ Providing valid option symbols is essential โ all live data relies on them.
________________________________________
๐ Trade Setup Parameters
Spot Price at Entry
Strike Price (same for both legs)
Buy Price (for Long Straddle)
Sell Price (for Short Straddle)
Lot Size & Number of Lots
Loss Bearable Amount (โน) โ Used by Smart Exit logic to trigger warnings
________________________________________
๐ Expiry Date Input
Expiry Year, Month, and Day
๐ฏ Used to calculate Days to Expiry (DTE) and enable:
โฑ๏ธ Expiry alerts like โLess than 2 Daysโ, โTheta Riskโ, etc.
๐ Smart Exit logic dynamically adapts based on DTE
________________________________________
๐ Greeks (Optional)
๐น Default: Leave Greeks empty
๐น Optional: Input Delta, Gamma, Theta, IV for both Call & Put
๐ Enables:
Net Delta, Gamma, Theta, IV
Greek-based alerts and visual verdict
โ๐ข Conservativeโ๐ก Moderateโ๐ด Aggressive Risk
________________________________________
๐ Dashboard Display
๐ Strategy Type: Long or Short Straddle
๐น Entry Premiums & Live Net LTP
๐ Net Premium, Max Profit/Loss
๐ Real-time PnL (tick-level)
๐ Breakeven range
๐ ROI %, Risk:Reward & trade verdict
๐ฆ Smart Exit verdict: Hold, Exit Soon, or Book Loss
๐ Reversal Range for invalidation
๐ Days to Expiry (DTE)
๐ Greek Data (if enabled) with Net & Avg values
โ ๏ธ Greek Risk Verdict for managing directional exposure
________________________________________
๐ Alert System (Built-in Alerts)
๐ฏ Target Profit Hit
โ Max Loss Reached
๐ Loss Bearable Limit Breached
๐ Hold Signal
๐ Book Loss / Exit Soon
โณ Expiry Nearing
โ ๏ธ Reversal Breach (spot breaks outside expected range)
๐ฅ High Gamma Risk (> ยฑ0.05)
๐ High IV Alert (> 35%)
๐จ Combined Master Alert โ if any key risk triggers
________________________________________
๐ Smart Exit System
โ๏ธ A dynamic, context-aware trade assistant
โ Assesses price movement, expiry risk, and loss thresholds
โ Provides real-time exit suggestions to prevent overholding
โ Filters emotional decisions โ encourages disciplined trading
________________________________________
๐ Reversal Exit Logic (For Straddles)
๐ Detects directional invalidation
Reversal Range = ยฑ35% of Total Premium around strike price
โ ๏ธ If spot breaches this range, trade likely invalid โ exit advised
๐ Works as directional filter for neutral strategies
________________________________________
โ ๏ธ Important Notes
โ Built for NSE Options โ not suitable for other exchanges
โ Designed only for Long/Short Straddles
โ Use on 1-second chart only
โ Will malfunction on higher timeframes
โ For manual use only โ no automation
โ For educational and research use only
________________________________________
๐ฌ How to Use This Dashboard
1๏ธโฃ Select Strategy
โLong Straddle (Buy Both Legs) or Short Straddle (Sell Both Legs)
2๏ธโฃ Input Symbols
โUse accurate NSE symbols for CE & PE
3๏ธโฃ Enter Strike & Premiums
โSame strike for both legs. Add Buy or Sell prices
4๏ธโฃ (Optional) Enter Greeks
โAdd Delta, Gamma, Theta, IV for both legs
5๏ธโฃ Set Expiry
โYear, Month, Day โ enables DTE alerts
6๏ธโฃ Track Dashboard
โLive PnL, Net Premium, ROI, Reversal Range, Smart Exit
7๏ธโฃ Enable Alerts
โGet push/email/sound notifications for PnL, expiry, and Greek risks
________________________________________
๐ค Final Note
This tool was built with patience and care by simpletradewithpatience to help fellow options traders trade more objectively, systematically, and confidently.
Feel free to share feedback on Tradingview.
Happy Trading! ๐
Stay disciplined. Stay smart.
________________________________________
๐ Glossary
PnL โ Profit & Loss
LTP โ Last Traded Price
IV โ Implied Volatility
DTE โ Days to Expiry
ROI โ Return on Investment
R:R โ Risk to Reward Ratio
CE / PE โ Call / Put Option
SEBI โ Securities and Exchange Board of India
________________________________________
โ ๏ธ Disclaimer
This script is for educational and research purposes only.
I am not a SEBI-registered advisor.
No buy or sell recommendations are made.
Trading options involves significant risk.
Use proper risk management and always consult a licensed advisor if in doubt.
The author is not responsible for any financial losses incurred.
By using this tool, you agree to these terms.
________________________________________
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had โ ketahui lebih lanjut di sini.
๐ STWP | Mentor | Demand & Supply Specialist
๐ฏ Helping you become a self-reliant & independent trader
๐ Learn more: simpletradewithpatience.com
๐ฒ WhatsApp: wa.me/919987567889
๐ Trade with Clarity. Learn with Patience.
๐ฏ Helping you become a self-reliant & independent trader
๐ Learn more: simpletradewithpatience.com
๐ฒ WhatsApp: wa.me/919987567889
๐ Trade with Clarity. Learn with Patience.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had โ ketahui lebih lanjut di sini.
๐ STWP | Mentor | Demand & Supply Specialist
๐ฏ Helping you become a self-reliant & independent trader
๐ Learn more: simpletradewithpatience.com
๐ฒ WhatsApp: wa.me/919987567889
๐ Trade with Clarity. Learn with Patience.
๐ฏ Helping you become a self-reliant & independent trader
๐ Learn more: simpletradewithpatience.com
๐ฒ WhatsApp: wa.me/919987567889
๐ Trade with Clarity. Learn with Patience.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.