🧠 STWP Dashboard (Bull Call Spread / Bear Put Spread)

30 Jul

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🧠 STWP Options Strategy Dashboard (Bull Call Spread/ Bear Put Spread)
Author: simpletradewithpatience
Markets: NSE (India)
Best timeframe: 1-second chart
Built with: Pine Script v5
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📌 Overview
A real-time options strategy dashboard tailored for NSE traders, designed for two-leg spreads:
✅ Bull Call Spread → Buy Lower Strike CE, Sell Higher Strike CE
✅ Bear Put Spread → Buy Higher Strike PE, Sell Lower Strike PE
This tool gives you a real-time, color-coded visual interface with:
Entry premiums & breakeven levels
Live LTPs & PnL
ROI & Risk: Reward
Smart Exit logic
Alerts for expiry, Greeks, and PnL events
It’s fully manual, for educational and tracking use only — not for automated trading.
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📌 Key Features
✅ Track Bull Call & Bear Put Spreads
✅ Live LTP tracking via symbol input
✅ Real-time PnL, breakeven, max profit/loss
✅ ROI & Risk:Reward calculation
✅ Smart Exit logic with trade verdicts
✅ Invalidation logic with Reversal Exit
✅ Manual input of Greeks (Delta, Gamma, Theta, IV%)
✅ Greek-based alerts for Gamma Risk, IV Crush, Theta Decay
✅ Days to Expiry (DTE) tracking
✅ Fully customizable alert system
✅ Clean, emoji-labelled dashboard UI
✅ Built for Indian NSE options only
✅ Requires 1-second chart for correct data
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📌 Option Symbol Inputs (LTP Tracking)
✅ Long Leg Symbol (Buy): Lower strike CE (Bull Call) or higher strike PE (Bear Put)
✅ Short Leg Symbol (Sell): Higher strike CE (Bull Call) or lower strike PE (Bear Put)
✅ Symbol Tips: Use TradingView's dropdown to select NSE option symbols like NSE:RELIANCE25JUL3000CE
⚠️ Providing valid option symbols is crucial — it powers all live tracking and calculations.
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📌 Trade Setup Parameters
Spot Price at Entry
Long & Short Strike Prices
Buy Price (Long Leg)
Sell Price (Short Leg)
Lot Size & Number of Lots
Loss Bearable Amount (₹) → Used by Smart Exit logic to issue early warnings
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📌 Expiry Date Input
Expiry Year, Month, and Day
🎯 Used to calculate Days to Expiry (DTE) and enable:
⏱️ Expiry alerts like “Less than 2 Days”, “Theta Risk”, and more
📉 Smart Exit logic adjusts based on time decay
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📌 Greeks (Optional)
🔹 Default Mode: Don’t Enter Greeks
🔹 Optional Mode: Enter Greeks for both legs (Delta, Gamma, Theta, IV%)
🔍 Enabling Greeks unlocks:
Net Delta, Gamma, Theta, IV
Greek-based warnings (e.g. Gamma Risk, Theta Risk)
A dashboard Greek Verdict:
 🟢 Conservative 🟡 Moderate Risk 🔴 Aggressive Risk
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📌 Dashboard Display
🎯 Strategy Type (Bull or Bear Spread)
📈 Entry Premiums & Live LTPs
💹 Breakeven, Max Profit/Loss, Net Premium
📊 ROI % & Risk:Reward (with verdict)
📉 Real-time PnL using tick-by-tick data
🚦 Smart Exit verdict: Hold, Exit Soon, or Book Profit
🔁 Reversal Exit Price (spread invalidation logic)
📆 Days to Expiry (DTE)
📐 Greek Data (if enabled) with Net & Average values
⚠️ Greek Risk Verdict for managing directional risk
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📌 Alert System (Built-in Alerts)
🎯 Target Profit Hit
❌ Max Loss Reached
🛑 Loss Bearable Limit Breached
📍 Hold Signal
📉 Book Loss / Exit Soon
⏳ Expiry Nearing
⚠️ Spread Invalidation Alert (via Reversal Price breach)
💥 High Gamma Risk (if Gamma > ±0.05)
📉 High IV Alert (if IV > 35%)
🚨 Combined Master Alert – fires if any key condition is triggered
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📌 Smart Exit System
⚙️ Context-aware, dynamic trade assistant
✅ Analyses real-time market, PnL, expiry risk, reversal risk
✅ Gives exit suggestions based on:
Time decay
Price invalidation
Breach of defined loss/profit thresholds
✅ Keeps you objective — no emotional exits
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📌 Reversal Exit Logic
🔁 Detects directional failure in spread structure
Bull Call Spread: Invalidation = Spot falls 25% of net premium below long strike
Bear Put Spread: Invalidation = Spot rises 25% of net premium above short strike
📉 Alerts you to exit even before loss appears
🎯 Designed for directional traders using spread logic
💡 Acts as a breakdown or breakout filter
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⚠️ Important Notes
✅ Built for NSE Options – not for global exchanges
✅ Only for Bull Call & Bear Put spreads
✅ Use on 1-second chart only
❌ Will not work properly on higher timeframes
✅ Manual tool only – doesn’t place trades
✅ For educational and research use only
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💬 How to Use This Dashboard
Choose Your Strategy
 Bull Call or Bear Put
Input Symbols & Strikes
 Use Tradingview dropdown to select accurate NSE option symbols
Enter Buy/Sell Prices
 Add premiums, lot size, no. of lots
(Optional) Enable Greeks
 Add Delta, Gamma, Theta, IV for both legs
Set Expiry Date
 Year, Month, Day — activates DTE & expiry alerts
Monitor Dashboard
 Live PnL, Max P/L, ROI, R:R, Smart Exit, Reversal Levels
(Optional) Enable Alerts
 Get notified for PnL events, expiry risk, Greek risk, spread failure
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🤝 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! 📈
Stay disciplined. Stay smart.
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🔠 Glossary
PnL – Profit & Loss
LTP – Last Traded Price
IV – Implied Volatility
DTE – Days to Expiry
ROI – Return on Investment
R:R – Risk to Reward Ratio
CE / PE – Call / Put Option
SEBI – Securities and Exchange Board of India
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⚠️ 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.
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31 Jul

Nota Keluaran

Updated - Columns added = Buying Price | Selling Price | Net LTP

6 Ogo

Nota Keluaran

Update: Now you can select if new trade or running trade just before entering greeks and output will be sown in Trade Outcome cell in the table.