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Options

Virgin-VWAPThis draws the Virgin levels of VWAP. It gives a visual representation of Volume-Weighted Gap Map. Visual "Fill": It looks like a "Gap Fill" indicator. The lines will look like rectangles or "beams" shooting across the chart, stopping exactly where the market "filled" that price level. Trimmed lines: The virgin line gets trimmed once touched. This tells you: "This level was hit, it might still be support/resistance, but the 'Virgin' status is gone." Terminal Labels: A vigin vwap lines carries the price label so ones can see the strike's value at a glance. Clean Forward Space: Because the lines stop when touched, your "future" chart (the empty space to the right) won't be cluttered with old lines that are no longer relevant. You will only see the lines for levels that haven't been hit yet extending into the empty space. Was built for NSE options in mind, seeing those "beams" of historical value stop exactly where price met them is a powerful way to visualize where the market has found "fair value" versus where there are still "unfilled orders." PS: Built with Gemini 3!!
Penunjuk Pine Script®
oleh gokoffline
GEX Pro - Why TradingView Can't Calculate Real GEX (Educational)(THIS IS CRITICAL - READ CAREFULLY): ⚠️ EDUCATIONAL INDICATOR - This does NOT calculate real GEX ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 📌 PURPOSE: Show WHY TradingView Cannot Do Real GEX ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ This indicator displays EXAMPLE levels to demonstrate what real GEX requires. The lines you see are NOT based on actual options data. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ❌ Why TradingView GEX Indicators Are limited ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ TradingView Pine Script has ZERO access to: 1️⃣ Options Chain Data • No open interest per strike • No contract-level data • No expiration chain access 2️⃣ Greeks Calculation • Cannot calculate gamma from Black-Scholes • No delta, vega, or theta per strike • No implied volatility feeds 3️⃣ Real-Time Options Feeds • No CBOE data integration • No Schwab API access • No broker data feeds 📊 What "GEX" indicators on TradingView actually do: → Use volume as a proxy (not open interest) → Guess where strikes might be → Show lines with no real math ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ✅ What REAL GEX Calculation Requires ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Real GEX formula (industry standard): GEX = Gamma × Open Interest × Spot² × 0.01 Where: - Gamma = Black-Scholes calculation per strike - Open Interest = Contracts per strike (from CBOE) - Spot = Current underlying price This requires LIVE OPTIONS CHAIN DATA that TradingView does not provide to Pine Script unless with partnership developers. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 🔥 Solution: Platform Built for Options Data ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ I built a platform that connects directly to options data feeds: 🌐 gexpro.asiaquant.com Features TradingView Cannot Provide: ✅ Real HVL (High Volatility Level) from live gamma flip calculations ✅ Actual Call/Put Walls from CBOE open interest ✅ liquid symbols (SPY, SPX, etc), still building ✅ Daily updates (not just market open) ✅ 0DTE support with real gamma levels ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 💡 Free Tier Available ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ No credit card required: - SPY real-time GEX levels - 50 API calls per day - Live HVL updates - Call/Put Wall visualization 👉 Start here: gexpro.asiaquant.com ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 🎓 Why This Matters ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ GEX levels influence market behavior: - HVL = Gamma flip point (volatility regime change) - Call Walls = Resistance where market makers hedge - Put Supports = Support where puts get monetized Using unverified GEX is like trading with a broken compass. If you trade 0DTE, SPX/SPY, or need real gamma exposure insights, you need actual options chain data. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ⚠️ DISCLAIMER: This TradingView indicator is purely educational and does not provide real GEX calculations. For actual GEX data, visit gexpro.asiaquant.com Not financial advice. For educational purposes only.
Penunjuk Pine Script®
oleh GexPro
IV Rank & Percentile Suite V1.0What This Indicator Does The IV Rank & Percentile Suite provides the volatility context options traders need to time entries. It calculates two complementary metrics—IV Rank and IV Percentile—using historical volatility as a proxy, then displays clear visual zones to identify favorable conditions for premium selling strategies. Stop guessing if volatility is "high" or "low." This indicator tells you exactly where current volatility sits relative to recent history. The Two Metrics Explained IV Rank (0-100) Measures where current volatility sits within its 52-week high-low range. IV Rank = (Current HV - 52w Low) / (52w High - 52w Low) × 100 70 means current volatility is 70% of the way between the yearly low and high Sensitive to extreme spikes (a single high reading affects the range) IV Percentile (0-100) Measures what percentage of days in the lookback period had lower volatility than today. IV Percentile = (Days with lower HV / Total days) × 100 70 means volatility was lower than today on 70% of days in the past year More stable, less affected by outlier spikes Why Both? IV Rank reacts faster to volatility changes. IV Percentile is more stable and statistically robust. When both agree (e.g., both above 50), you have stronger confirmation. Divergence between them can signal transitional periods. Zone System The indicator divides readings into three zones: Zone ------- Default Range ---- Meaning ------------------ Premium Selling 🟢 High ≥ 50 Elevated volatility Favorable 🟡 Neutral 25-50 Normal volatility Selective 🔴 Low ≤ 25 Compressed volatility Avoid An additional Extreme threshold (default 75) highlights prime conditions when volatility is significantly elevated. Zone thresholds are fully customizable in settings. How to Use It For Premium Sellers (Iron Condors, Credit Spreads, Strangles) Wait for IV Rank to enter the green zone (≥50) Confirm IV Percentile agrees (also elevated) Enter premium selling positions when both metrics align Avoid initiating new positions when in the red zone For Premium Buyers (Long Options, Debit Spreads) Low IV Rank/Percentile means cheaper options Red zone can favor directional debit strategies Avoid buying premium when both metrics are in the green zone General Principle: Sell premium when volatility is high (it tends to revert to mean). Buy premium when volatility is low (if you have a directional thesis). Inputs Volatility Calculation HV Period — Lookback for historical volatility calculation (default: 20) Trading Days/Year — 252 for stocks, 365 for crypto Lookback Periods IV Rank Lookback — Period for high/low range (default: 252 = 1 year) IV Percentile Lookback — Period for percentile calculation (default: 252) Zone Thresholds High IV Zone — Readings above this are highlighted green (default: 50) Low IV Zone — Readings below this are highlighted red (default: 25) Extreme High — Threshold for "prime" conditions alert (default: 75) Display Options Toggle IV Rank, IV Percentile, and raw HV display Show/hide zone backgrounds Show/hide info panel Panel position selection Info Panel The panel displays: Field ------- Description IV Rank ------- Current reading with color coding IV Pctl ------- Current percentile with color coding HV 20d ------- Raw historical volatility percentage 52w Range ------- Lowest to highest HV in lookback period Zone ------- Current zone status Premium ------- Signal quality for premium selling Lookback ------- Days used for calculations R/P Spread ------- Difference between Rank and Percentile Alerts Six alerts are available: Zone Transitions IV Entered High Zone — Favorable for premium selling IV Reached Extreme Levels — Prime conditions IV Dropped to Low Zone — Caution for premium sellers Threshold Crosses IV Rank Crossed Above High Threshold IV Rank Crossed Below Low Threshold IV Percentile Above 75 IV Percentile Below 25 Set up alerts to get notified when conditions change without watching charts. Technical Notes Volatility Calculation Method This indicator uses close-to-close historical volatility as an IV proxy: Calculate log returns: ln(Close / Previous Close) Take standard deviation over HV Period Annualize: multiply by √(Trading Days) This method correlates well with implied volatility for most liquid instruments. On highly liquid options underlyings (SPY, QQQ, major stocks), HV and IV tend to move together, making this a reliable proxy for IV Rank analysis. Non-Repainting All calculations use confirmed bar data. Values are fixed once a bar closes. Lookback Requirement The indicator needs sufficient history to calculate accurately. For a 252-day lookback, ensure your chart has at least 300+ bars of data. Best Used On ETFs: SPY, QQQ, IWM, DIA Indices: SPX, NDX High-volume stocks: AAPL, TSLA, NVDA, AMD, META Timeframe: Daily (recommended), Weekly for longer-term view The indicator works on any instrument but is most meaningful on underlyings with active options markets. Important Notes ⚠️ This indicator uses historical volatility as a proxy for implied volatility. While HV and IV are correlated, they are not identical. For precise IV data, consult your options broker's platform. ⚠️ High IV Rank does not guarantee profitable premium selling. It indicates favorable conditions, not guaranteed outcomes. Position sizing and risk management remain essential. ⚠️ Past volatility patterns do not guarantee future behavior. Volatility regimes can shift, and historical ranges may not predict future ranges. Suggested Workflow Add to daily chart of your preferred underlying Set up alert for "IV Entered High Zone" When alerted, check both IV Rank and IV Percentile If both elevated, evaluate premium selling opportunities Use your broker's actual IV data for final entry decisions Questions? Leave a comment below.
Penunjuk Pine Script®
oleh VolForge
15-Minute High Low Short LinesThis indicator plots short horizontal lines showing the **high** and **low** of the most recently completed 15-minute candle, regardless of the chart's timeframe. Key Features: - Lines start exactly at the open time of the previous completed 15-minute bar - Lines extend forward for a user-defined number of minutes (default: 60 minutes = 1 hour ahead) - Only the latest lines are displayed (old lines are automatically removed for a clean chart) - Fully customizable: line colors, width, and extension length - Non-repainting and works perfectly on any timeframe (1m, 5m, 1h, daily, etc.) - Ideal for marking recent 15-minute range levels for breakout or support/resistance trading Great for intraday traders who want quick visual reference to the prior 15-minute high and low without clutter.
Penunjuk Pine Script®
oleh captainshark22
SPX Iron Fly Session TrackerOverview This indicator provides visual tracking for iron fly option structures designed for SPX 0-day-to-expiration (0DTE) intraday trading. It implements a two-phase position management system that adapts to different market conditions throughout the trading day. This is a visualization and tracking tool only. It does not execute trades, access real options data, or calculate actual profit and loss. All displayed positions are theoretical representations based on underlying price movement. Strategy Goal and Context The Core Objective: The strategy aims to have SPX price expire within your iron fly positions at end of day. When price expires inside a fly's profit zone (between the wings), that position captures maximum premium. The challenge is that price moves throughout the day, so static positioning rarely succeeds. The Solution: Active Management Rather than setting positions and hoping price cooperates, this approach continuously manages and repositions flies to keep price centered within your profit zones. As SPX drifts during the trading session, you add new flies at current price levels and close flies that price has moved away from. The Goal: Multiple Profitable Expirations By session end, you want as many flies as possible to have price expire within their center zones. This requires: Adding new flies as price moves away from existing positions Closing flies when price crosses beyond their optimal range Building layered coverage in the afternoon to increase probability of capture Adapting wing widths to time of day and volatility The Reality: Capital and Time Intensive This is not a passive strategy. Successful implementation requires: Substantial capital (each fly requires margin, multiple flies compound this) Active monitoring throughout trading sessions Quick decision-making as positions trigger Multiple position adjustments per session Disciplined adherence to management rules How This Indicator Helps: For backtesting: Use replay mode to study how positions would have managed on historical sessions Test different parameter combinations to find optimal settings Observe position behavior during various market conditions Understand timing and frequency of position adds and closes Validate whether your capital can support the required position count For live session support: Real-time visual tracking shows current position coverage Alerts notify you immediately when new positions should be added Position closure alerts help you manage exits promptly Reference strike tracking shows where you're measuring movement from History table provides audit trail of all position activity The indicator handles the complex tracking and rule application, allowing you to focus on execution and risk management. Key Use Cases 1. Replay Mode - Backtest and Study Use TradingView's replay feature to validate the strategy on historical sessions: Step through past SPX sessions bar-by-bar See exactly when positions would have opened and closed Count how many flies would have expired profitably Analyze different parameter settings on the same historical data Study position behavior during trending vs ranging conditions Calculate approximate capital requirements for your setup Refine your parameters before risking real capital 2. Live Session Alerts Set up real-time notifications for active trading sessions: Get alerted immediately when new positions trigger Receive notifications when positions close Alerts include strike level, wing width, and closure reason Works on mobile, desktop, email, or webhook Never miss a position signal during active trading Maintain awareness even when away from screens briefly 3. Fully Customizable Parameters Adapt every aspect to your risk tolerance and capital: Adjust trigger distances for more or fewer position adds Modify wing widths for different volatility environments Change session timing to match your trading schedule Set maximum concurrent positions to your capital limits Fine-tune spacing to match available strike increments Iron Fly Structure An iron fly is a neutral options strategy with four legs: - Short 1 ATM Call - Short 1 ATM Put - Long 1 OTM Call (upper wing protection) - Long 1 OTM Put (lower wing protection) The structure creates a defined risk zone. Maximum profit occurs when price expires at the center strike. Loss increases as price moves toward the wings (breakeven points). Maximum loss is defined and occurs beyond the wings. Expiration Goal: You want SPX to close inside the fly's wings. If SPX expires at the strike, you capture maximum premium. If SPX expires between the strike and either wing, you still profit (reduced). If SPX expires beyond the wings, you realize a loss (but it's defined and limited by the wings). Two-Phase Management System The indicator tracks positions across two distinct trading phases with different management rules: Phase 1: TWO_GLASS - Morning Session (Default 10am-1pm ET) Conservative positioning with active repositioning: - Trigger new positions when price moves 7.5 points from reference strike (configurable) - Maintain maximum 2 concurrent positions (configurable) - 10-point spacing between position strikes (configurable) - 40-point wing width (configurable) - Exit rule: When two positions are active and price crosses to one strike level, close the OTHER position This phase uses a "follow the price" approach. You're not trying to stack multiple positions yet - you're maintaining one or two flies centered on wherever price currently is. As price drifts, you add a new fly at the current level and close the old one when price moves too far away. Phase 2: THREE_GLASS - Afternoon Session (Default 1pm-4pm ET) Accumulation mode with layered coverage: - Trigger new positions every 2.5 points of price movement (configurable) - Maintain maximum 6 concurrent positions (configurable) - 5-point spacing between strikes (configurable) - 20-point wings early, reducing to 10 points after 3pm (configurable) - Exit rule: Positions only close when price reaches wing extremes This phase builds a stacked profit zone. Instead of swapping positions, you accumulate multiple flies as price moves. The goal is to have several flies active at expiration, creating a wider net to capture price. Tighter spacing and more frequent triggers create this layered coverage. Why Two Different Phases? Morning (Phase 1): Earlier in the day, price has more time to move substantially. Maintaining many concurrent positions is riskier because price could trend and hit multiple wings. The strategy uses selective positioning with wider wings and active replacement. Afternoon (Phase 2): Closer to expiration, price movements typically compress. Time for large moves decreases. The strategy shifts to accumulation, building a net of positions to increase probability that final expiration price falls within at least one (ideally several) of your flies. Tighter wings and more positions become appropriate. Exit Mechanisms Strike Cross Exit (Phase 1 Only) When two positions are active, if price moves to or beyond one position's strike level, the OTHER position closes. This keeps your coverage centered on current price action rather than maintaining positions price has moved away from. Example: Flies at 5900 and 5910 are open. Price moves to 5910. The fly at 5900 closes because price has moved to the 5910 level. You're now positioned at current price (5910) rather than maintaining coverage at old price (5900). Wing Extreme Exit (Both Phases) Any position closes immediately when price touches its upper or lower wing boundary. This represents the breakeven/maximum loss point, so the position is closed to prevent further deterioration. Dynamic Wing Adjustment Wing widths automatically adjust based on time of day: - Phase 1 (Morning): 40 points (customizable) - Phase 2 Early (1pm-3pm): 20 points (customizable) - Phase 2 Late (3pm-4pm): 10 points (customizable) This progressive tightening reflects decreasing price movement potential as expiration approaches. Wider wings earlier provide more protection when price could move substantially. Tighter wings later allow more precise positioning when price movements typically compress. All values are fully adjustable to match your risk parameters and observed market volatility. Customization Guide Every parameter can be modified to suit your trading style, risk tolerance, and capital: Session Timing - TWO_GLASS Start Hour: When Phase 1 begins (default: 10am ET) - THREE_GLASS Start Hour: When Phase 2 begins (default: 1pm ET) - Wing Width Change Hour: When wings tighten (default: 3pm ET) - Session End Hour: When tracking stops (default: 4pm ET) Phase 1 Parameters (Fully Adjustable) - Trigger Distance: How far price must move from reference strike to add new position (default: 7.5, range: 0.1+) - Fly Spacing: Distance between position strikes (default: 10, range: 1.0+) - Wing Width: Distance from strike to wings (default: 40, range: 5.0+) - Max Flies: Maximum concurrent positions (default: 2, range: 1-10) Phase 2 Early Parameters (Fully Adjustable) - Trigger Distance: Movement needed to add new position (default: 2.5, range: 0.1+) - Fly Spacing: Distance between strikes (default: 5, range: 1.0+) - Wing Width: Strike to wing distance (default: 20, range: 5.0+) - Max Flies: Maximum concurrent positions (default: 6, range: 1-20) Phase 2 Late Parameters - Wing Width: Reduced width after 3pm (default: 10, range: 5.0+) General Settings - Strike Rounding: Round strikes to nearest multiple (default: 5.0, range: 1.0+) - Bars Before Check: Bars to wait before allowing closure (default: 2, prevents premature exits) Display Options - Show History Table: Toggle detailed position log (default: on) - History Table Rows: Number of positions displayed (default: 15, range: 5-30) Alert Settings - Enable Alerts: Toggle notifications for opens/closes (default: on) How to Use For Backtesting in Replay Mode: Select a historical SPX trading session Apply indicator to 1-5 minute timeframe Configure your preferred parameters Activate TradingView's replay feature Play through the session (step-by-step or continuous) Observe when positions open (green boxes appear) Watch position closures (boxes turn gray) Count how many flies would have expired with price inside (green at session end) Note total number of position adds throughout session Calculate approximate capital needed (positions × margin per fly) Test different parameter combinations on same historical data Study position behavior during trending vs ranging sessions For Live Trading Sessions: Apply indicator to SPX on 1-5 minute timeframe Configure parameters based on your backtest results Create alerts for "Iron Fly Opened" and "Iron Fly Closed" Set alert frequency to "Once Per Bar Close" Choose notification method (popup, mobile app, email, webhook) Monitor the status table (top-right) for current session and reference strike Review history table (bottom-right) for position log with timestamps When alert triggers, use visual cues to manually place actual option orders Execute position adds and closes as indicated by the tracker Visual Interpretation: Green boxes = Active positions (theoretical profit zones) White lines (Phase 1) / Aqua lines (Phase 2) = Strike levels Red/Blue dotted lines = Wing boundaries (breakeven/risk limits) Gray boxes = Closed positions (historical reference) Current SPX price line = Shows where price is relative to positions Top-right table = Current session status, reference strike, open/closed counts Bottom-right table = Complete position history with open/close timestamps Alert System Details The indicator generates detailed alert messages for position management: Position Opened: - Strike level where fly should be placed - Wing width (±points from strike) - Session phase (Phase 1 or Phase 2) - Alert format example: "Iron Fly OPENED | Strike: 5900 | Wings: ±40 | Session: TWO_GLASS" Position Closed: - Strike level of fly being closed - Closure reason (strike cross, wing extreme, etc.) - Session phase - Alert format example: "Iron Fly CLOSED | Strike: 5900 | Reason: Price crossed to lower fly | Session: TWO_GLASS" Configure alerts once before market open, then receive automatic notifications as positions trigger throughout the trading session. Parameter Optimization Suggestions For Higher Volatility Environments: - Increase trigger distances (e.g., Phase 1: 10-15 points, Phase 2: 3-5 points) - Widen wing widths (e.g., Phase 1: 50-60 points, Phase 2: 25-30 points early, 15-20 late) - Increase strike spacing to reduce position frequency For Lower Volatility Environments: - Decrease trigger distances (e.g., Phase 1: 5-7 points, Phase 2: 1.5-2 points) - Tighten wing widths (e.g., Phase 1: 30-35 points, Phase 2: 15-18 points early, 8-10 late) - Reduce strike spacing for more granular coverage For Conservative Risk Management: - Reduce maximum concurrent positions (Phase 1: 1, Phase 2: 3-4) - Widen wing widths for more breathing room - Increase bars before check to avoid whipsaws - Use wider trigger distances to reduce position frequency For Aggressive Positioning: - Increase maximum concurrent positions (Phase 2: 8-10) - Tighten trigger distances for more frequent adds - Reduce bars before check for faster responses - Use tighter spacing to create denser coverage Capital Considerations: Remember that each fly requires margin. If Phase 2 allows 6 concurrent flies and each requires $10,000 margin, you need $60,000 in available capital just for position requirements, plus additional cushion for adverse movement. Use replay mode to count maximum concurrent positions that would have occurred on historical sessions with your parameters, then calculate total capital needed. Practical Application This tool provides visual guidance and management support. To implement the strategy: Backtest thoroughly in replay mode first Validate capital requirements for your parameter settings Confirm you can actively monitor positions during trading hours Use displayed positions as reference for manual order placement Match indicator parameters to your actual option contracts Account for real-world factors: commissions, slippage, bid-ask spreads, option availability Implement proper position sizing based on available capital Set up alerts before market open to catch all signals Execute actual trades manually in your brokerage platform Track actual results versus indicator expectations Important Limitations Theoretical tracking only - not an automated trading system No access to real option prices, Greeks, or implied volatility No profit/loss calculations or risk metrics Does not account for time decay (theta), delta, gamma, vega changes Assumes continuous price action - gaps or halts not handled Designed for 0DTE SPX options - not suitable for other timeframes or instruments Assumes option availability at all strike levels - may not reflect reality Does not model actual option bid/ask spreads or liquidity Assumes instant execution at desired strikes - slippage not considered Historical replay shows theoretical behavior only - actual market conditions may differ Does not adjust for changing implied volatility throughout session Position count and timing may not match what's executable in real markets Capital and Time Requirements This strategy is resource-intensive: Capital Requirements: Each iron fly requires margin (varies by broker and strike width) Multiple concurrent positions multiply capital needs Example: 6 flies at $10,000 each = $60,000 minimum Additional cushion needed for adverse movement Pattern Day Trader rules may apply (requires $25,000 minimum) Time Requirements: Active monitoring during trading hours (typically 10am-4pm ET) Quick response to position add/close signals Multiple position adjustments per session possible Cannot be passive or set-and-forget Requires ability to place orders promptly when alerted Use replay mode to understand the commitment level before attempting live implementation. Risk Considerations Iron fly trading involves substantial risk. This indicator provides visualization and management support only - it does not constitute financial advice or trading recommendations. Options trading can result in total loss of capital. The indicator's theoretical positions do not reflect actual trading results. Backtest analysis and historical visualization do not guarantee similar future outcomes. Multiple concurrent positions multiply both profit potential and loss risk. Always conduct independent research, understand all risks, validate capital requirements, and never trade with funds you cannot afford to lose. Consider starting with paper trading to validate execution capability before risking real capital. Technical Notes The indicator uses price-based triggers only. It does not: Connect to options data feeds Calculate theoretical option values or Greeks Execute trades automatically Provide specific trading signals or recommendations Account for option-specific factors (implied volatility, time decay, bid/ask spreads) All displayed information represents theoretical position placement based solely on underlying SPX price movement and user-configured parameters. The tool helps visualize the management framework but requires the trader to handle all actual execution and risk management decisions. This is an educational and analytical tool for understanding iron fly position management concepts. It requires active interpretation, backtesting validation, and manual implementation by the user.
Penunjuk Pine Script®
oleh luiscaballero
0DTE SPY/QQQ Precision Scalper [3m Enhanced V2 - FIXED LINES]0DTE SPY/QQQ scalper built for the **3-minute chart** with **15m trend bias** and **1m confirmation**. Targets **1 strike OTM** entries using VWAP/EMA pullbacks, OR breakout, MACD momentum, and RVOL filters. Uses ATR-based **stop/target**, optional **breakeven + trailing stop**, and **time stop ~30 min** for 0DTE. Includes strict risk controls: trade limits, cooldown, skip chop windows, and consecutive-loss lockout.
Penunjuk Pine Script®
oleh anu_tarang
ATR Trailing Stop + HTF + Pivots (Non-Repainting📌 UT Bot PRO + HTF + Pivots + PP SuperTrend (Non-Repainting) This indicator is a fully non-repainting trading system designed for intraday and swing traders. It combines multiple high-probability confirmations into a single, clean signal engine. 🔍 What’s Inside ✔ ATR-based trailing stop (UT-Bot style logic) ✔ Heikin Ashi price smoothing ✔ Heikin Ashi VWAP trend confirmation ✔ Higher-Timeframe EMA filter (no lookahead) ✔ Volume strength confirmation ✔ Auto timeframe Standard Pivot Points (PP, R1, R2, S1, S2) ✔ Pivot Point SuperTrend for market direction ✔ ATR-based Stop Loss & Take Profit levels 🔒 Non-Repainting Guarantee Signals trigger only on confirmed candle close Higher timeframe data uses lookahead_off Pivot calculations are confirmed (no future data) Signals will not disappear or shift after printing 📈 Trading Logic BUY Signal Price crosses above ATR trailing stop Pivot SuperTrend is bullish Price above HA VWAP HTF EMA trend is bullish Volume above average SELL Signal Price crosses below ATR trailing stop Pivot SuperTrend is bearish Price below HA VWAP HTF EMA trend is bearish Volume above average ⚙️ Recommended Settings Intraday (5m–15m): HTF = 15m Scalping (1m–5m): HTF = 5m Swing (15m–1H): HTF = 1H SL: 1.5 × ATR TP: 3 × ATR 🧠 Best Used For Crypto Forex Indices Stocks Works best in trending markets. Avoid very low-volume or choppy sessions. ⚠️ Disclaimer This indicator is for educational purposes only. No trading strategy guarantees profits. Always use proper risk management and test before live trading.
Penunjuk Pine Script®
oleh k_syedhussain
Anurag BN / Nifty Swing Master [FINAL - Clean Compile]This script is a complete Swing Trading System designed for Bank Nifty and Nifty 50 options. It operates directly on the Spot/Index chart but mathematically calculates the correct Option Strike (ATM/ITM) and estimates P&L in Rupees. It uses a Non-Repainting Daily Trend Filter combined with an Intraday Entry Trigger to find high-probability setups. What we are checking before giving a signal: For a CALL Option (Buy Signal): Daily Trend Alignment: The previous day's Daily EMA must be below the current price (indicating a Bullish macro trend). Intraday Crossover: The price must cross above the Intraday 20 EMA (the entry trigger). Volume Confirmation: (Optional) Volume must be higher than the 20-period Volume Moving Average to ensure momentum. Session Filter: The trade must occur within the specified trading hours (09:15 - 15:00) to avoid opening/closing volatility. For a PUT Option (Sell Signal): Daily Trend Alignment: The previous day's Daily EMA must be above the current price (indicating a Bearish macro trend). Intraday Crossunder: The price must cross below the Intraday 20 EMA (the entry trigger). Volume Confirmation: (Optional) Volume must be higher than the 20-period Volume Moving Average. Session Filter: The trade must occur within the specified trading hours. Key Features: Strike Selection: Automatically displays the correct ATM/ITM Strike (e.g., "BUY 48200 CE"). Live Dashboard: Shows Real-time P&L (in Points and ₹), Entry Price, Strike, and Trade Status. Risk Management: Plots fixed Stop Loss (1.5x ATR) and Target (2x Risk) lines on the chart that do not move during the trade. Auto-Breakeven: Optionally moves Stop Loss to entry price after the trade moves 1R in profit.
Penunjuk Pine Script®
oleh anu_tarang
Adaptive Bull Ratio Strategy█ Overview: Why This Strategy Most option strategies fall into two traps: They are too rigid: A "Call Ratio Spread" works great in slow markets but gets destroyed if the market rallies hard. They are too simple: A simple "Buy Call" suffers from time decay (Theta) if the market chops sideways. The Adaptive Bull Ratio Strategy solves both . It is a living strategy that "shifts gears" based on price action. It is called "Adaptive" because it morphs its structure three times during a trade. It starts conservative to harvest Time Decay, but if the market explodes upwards, it "uncaps" itself to ride the trend aggressively. █ The Entry Philosophy: Why Supertrend? The default setting uses the Supertrend indicator as the trigger. This is intentional: Volatility Awareness: Supertrend adapts to market noise using ATR. In high volatility, bands widen to prevent false entries. Trend Confirmation: Since Phase 1 involves selling options, entering "too early" against a falling market is dangerous. Supertrend forces patience, waiting for a confirmed reversal (Close > Trend Line), ensuring the momentum is actually in your favor before you commit capital. The "Drift" Benefit: This strategy excels in markets that "drift" upwards. Supertrend identifies these trends while filtering out short-term chop. Flexibility with External Sources: While Supertrend is the default, the strategy is designed to be flexible. You can enable the 'Enable External Source' option in the settings to plug in any custom indicator (e.g., Moving Averages, Parabolic SAR, or a proprietary trendline). The Golden Rule for External Sources: The script interprets a Bullish Signal whenever your External Source line is below the Close price (Ext Source < Close). Compatibility: As long as your custom indicator behaves like a support line in an uptrend (plotting below the candles), it will work seamlessly with this strategy's logic. █ The "Long Only" Rationale: Avoiding the Volatility Trap Why not trade this on the short side (Puts) during crashes? The Volatility Trap (Vega Risk): In Bull markets, Implied Volatility (IV) usually drops, helping your sold options decay faster. In Bear markets, IV explodes (panic). Selling OTM Puts during a crash is dangerous as their value skyrockets, neutralizing gains. Velocity Risk: Bear markets crash fast ("Elevator Down"). Prices can blow through adjustment levels faster than the strategy can safely roll down, causing slippage. Structural Skew: OTM Puts are inherently more expensive. Buying expensive ITM Puts and selling expensive OTM Puts shifts the breakeven further away, making V-shape recoveries painful. █ How It Works & Stands Out This strategy actively transforms risk profiles based on market movement: Phase 1: The "Safe" Start (Entry) Setup: Initiates a Call Ratio Spread (Buy 2 ITM, Sell 4 OTM) + Protective Puts. Logic: Profits from sideways drift or slow rallies via Time Decay (Theta). The sold options finance the trade. Phase 2: The "Shift" (Adjustment Level 1) Trigger: Market moves above Leg 2 (3 OTM Call). Action: Rolls Up the position. Exits initial legs, enters new higher legs, and adds a Short Put to finance the roll. Impact: Aggressive. You bet the trend is strong enough to support the added downside risk of the short put. Phase 3: The "Uncap" (Adjustment Level 2) Trigger: Market moves above Leg 3 (4 OTM Call). Action: Exits all Sold Calls. Impact: Uncaps profit potential. The trade becomes a Net Long position (Long Calls + Short Puts), allowing you to ride a massive rally without a ceiling. Phase 4: The "Lock-In" (Optional Trail Adjustment) Trigger: The market goes parabolic (price rises X levels above Leg 3, configurable in settings). Action (If Enabled): Call Adj: Exits the Phase 3 calls and buys fresh 1-OTM calls (Rolling Up to lock profits). Put Adj: Exits all Put legs (Removing downside risk completely). Impact: Maximum Safety. This phase is about "banking" the windfall from a massive rally and leaving a smaller, risk-free runner to capture any final extension. █ How to Start: A Quick Setup Guide Step 1: Map Expiry Dates Manually input your trading expiry dates in Settings -> Expiry Management. Format: YYYY-MM-DD (e.g., 2025-12-25). Strict adherence required for DhanHQ. Step 2: Configure Symbol & Size Exchange/Symbol: Enter NSE and NIFTY (or your ticker). Lot Multiplier: Default is 1. Set to 2 to double all quantities (e.g., Buy 2 becomes Buy 4). Step 3: Understand Visuals Entry Window (Light Blue): Strategy is scanning for new trades. Non-Entry Window (Dark Blue): Trading blocked (Day before Expiry & Expiry Day). Only management allowed. Green Box: Valid Late Entry Zone. Red Dashed Line: Invalidation Level (if price touches this, no late entry). Fuchsia Line: Trigger level for Special Trail Adjustments (Phase 4). IMPORTANT: Broker & Technology Heads-Up: The alerts generated by this script ({"secret": "...", "alertType": "multi_leg_order"...}) are specifically formatted for the DhanHQ webhook structure. Dhan Users: Plug-and-play. Other Brokers: You need middleware (NextLevelBot, Quantiply) to parse the JSON. █ Risk Disclaimer & Advice Trading options involves substantial risk. The Whipsaw Risk: In Phase 2, you are Long Calls and Short Puts. A sharp reversal causes losses on both sides. Margin: Selling options requires significant margin. Keep a 15-20% cash buffer to handle adjustments instantly. Testing: This strategy is optimized for NIFTY Weekly Options. Effectiveness on BankNifty or Stocks is untested and may require parameter tuning. Advice: Backtest: Use TradingView Replay. Paper Trade: Run for at least one expiry cycle before live deployment. Consult: Seek professional financial advice before trading. Practical Tips for Smooth Execution For a new trader deploying this system, these operational tips are vital: Capital Buffer: Do not trade at your limit. Always keep 10-15% free cash in your broker account. Adjustments (specifically Phase 2, where you sell an extra Put) require additional margin instantly. If margin is short, the order fails, and your hedge breaks. Liquidity Awareness : The script trades "Far Deep OTM" options (Leg 4) to reduce margin. On indices like Nifty/BankNifty, this is fine. On individual stocks, these deep strikes might be illiquid. Check the option chain volume before deploying on stocks. Trust the Process (but Verify) : While the algo drives, you are the pilot. Check your API connection every morning. Ensure the "Entry Window" background color on the chart matches your real-world date. Verify that your broker executed all legs of a multi-leg order (partial fills are rare but possible). The "Human" Stop: If major news breaks (e.g., unexpected election results, war announcements), volatility can expand faster than any algo can react. It is acceptable—and smart—to pause the strategy during known "Black Swan" events or earnings releases. █ Timeframe Selection: The 30-Minute Standard Critical Requirement: This indicator must be applied to a 30-minute chart. Why? Noise Filtering: The Supertrend logic is tuned to capture multi-day trends. Lower timeframes (5m, 15m) are full of "noise"—random fluctuations that look like trend changes but aren't. Execution Logic (The Hybrid Engine): The script has a built-in "Dual Timeframe" architecture. Decision Layer (30m): Uses the chart timeframe to decide when to be Bullish or Bearish. Execution Layer (5m): Internally fetches 5-minute data to manage the how (Adjustments, Late Entries, and precise invalidation). The Risk of Lower Timeframes: If you run the main chart on 5-minutes, you destroy this hierarchy. You will get too many signals, pay too much brokerage, and the internal logic may behave erratically. Recommendation: Always keep your TradingView chart interval at 30m. Do not switch to lower timeframes expecting "faster" signals; you will likely just get "false" signals. █ Testing Scope, Feedback ⚠️ Important Note on Asset Classes: This strategy logic and the associated strike step calculations have been rigorously tested ONLY on NIFTY Index Options with Weekly Expiry. BankNifty / Sensex / FinNifty: The volatility characteristics (ATR) and strike intervals of these instruments differ significantly from NIFTY. The effectiveness of this strategy on these other scripts has not been verified and may require different parameter tuning (e.g., strike_step or ATR Length). Stocks: Individual stock options often lack the liquidity required for the "Deep OTM" legs, leading to potential execution failures. We encourage traders to backtest this logic on other indices and share their findings! If you find a robust parameter set for BankNifty or observe unique behaviors on other scripts, please let us know in the comments below so we can improve the algorithm for everyone. Your feedback is appriciated.
Penunjuk Pine Script®
oleh TradeWiseWithEase
4
SB - HULL MANifty Options Scalping @ 1 Minute TF Call Entry - If both MA turns bullish. Put Entry - If Both MAs turns bearish. Best results - If both MAs complement each other in the same direction. Exit Plan - My opinion, If slow MA turns bearish. However one can also plan to exit if any one of the MA turns bearish. Display - Make your own setting as per your own comfort Keep this indicator in a separate pane below the chart. It will give clarity view of the chart. Works well on nifty derivatives @ 1 minute TF , can do well on other instruments too.
Penunjuk Pine Script®
oleh abhishek5780
SB - HULL MANifty Derivatives Scalping @ 1 Minute TF Call Side - If both the MAs turns bullish Put Side - If both the MAs turns bearish. Can be applied on options charts directly. Better to plan 50 points in the money Call or Put option from Spot. Exit - My opinion, if slow MA turns bearish. You can either exit if anyone of the MA turns bearish also. Best for nifty derivatives scalping at 1 Minute TF, can work well on other instruments too. Display Setting - As per your own convenience, Mine snap is below :
Penunjuk Pine Script®
oleh abhishek5780
SB - VWDEMA - V2Derivatives - Scalping @ 1 Minute TF Rules : - CE entry - If ATR a& Dema both turns Green. PE entry - If ATR and Dema both turns Red. If both are in opposite colour code, wait till both align in direction and colour coding. Vwap - If price is above Vwap, Calls will be rewarded well ( Try to find out entry in call options ). If Price is below VWAP, Puts will be rewarded well also, try to figure out entry in Put options. Best results - Nifty derivative @ 1 minute TF , However can work well in all other instruments. Display - make your own settings as per your convenience. Mine is attached below for your reference :
Penunjuk Pine Script®
oleh abhishek5780
SB - VWDEMAScalping @ 1 Minute time frame. Rules : - 1. Call entry - If Dema and ATR both turns green ( 1 minute TF ) 2. Put Entry - If Dema and ATR both turns red ( 1minute TF ) If one is red and other is green wait till both align in same direction. Vwap - Price above VWAP, call side entry will be rewarded well ( Try to find entry in calls) and if price is below Vwap Put side entry will be rewarded well ( Try to find entry in Puts). Exit - Follow ATR stop loss line at 1 minute TF ( candle closing basis ). Can be used on option charts directly. Best results - Nifty derivatives @ 1 Minute TF, however it can work well with other instruments too. Make your display setting as per your convenience.
Penunjuk Pine Script®
oleh abhishek5780
Multi-Factor Long Bias ToolThe Multi Factor Long Bias Tool is designed to highlight periods when multiple bullish conditions align, helping traders identify higher probability long opportunities. By combining trend, momentum, and participation metrics into a unified visual signal, the indicator goes beyond single factor analysis to support more consistent decision making. Optimized for a 1-hour chart, it integrates four complementary components—MACD momentum, RSI confirmation, volume participation, and optional short interest filtering—to reveal when market conditions collectively favor a long bias rather than isolated upswings. Core Logic 1. Momentum confirmation with MACD (1 Hour Frame): The tool uses a fast MACD configuration to capture short term momentum shifts. A bullish MACD state—where the MACD line is above its signal line, above zero, and supported by a positive histogram—indicates that short term momentum exceeds long term trend strength. This alignment reflects sustained upward pressure rather than temporary mean reversion. 2. Relative strength moderation via RSI: RSI serves as a context filter to avoid extremes. The tool favors an RSI that falls between the oversold and overbought thresholds, typically between 30 and 70. This “healthy momentum zone” identifies when price maintains strength without being overheated, aligning with controlled, directional moves rather than exhaustion. 3. Volume backed participation: A volume filter confirms whether moves are supported by meaningful market participation. The script compares current daily volume to its 20-day average; only sessions meeting or exceeding a user defined multiple (default: 1×) qualify as high volume days. This ensures momentum signals align with genuine liquidity rather than thin, unreliable activity. 4. Optional short interest condition: An additional input allows traders to incorporate short interest data, either manually or from external sources. When enabled, the tool verifies that short interest meets a chosen minimum percentage before validating a long bias. This feature is especially useful for setups targeting potential short squeezes or for avoiding markets lacking a meaningful contrarian base. Signal Interpretation When MACD momentum, RSI positioning, volume participation, and optional short interest filters align, the chart background softens to green, indicating a “long bias” environment. If the “Focus on Longs Only” option is active, a small upward triangle marker labeled LONG appears beneath price bars for clear visual confirmation. Traders can also choose to view MACD, its signal line, histogram, and RSI in a detachable sub panel. This optional visualization makes it easy to inspect alignment between underlying momentum and the on-chart bias signal without cluttering the main price view. Why These Factors Are Combined Each component contributes a distinct layer of confirmation: Momentum + liquidity: Ensures directional strength is backed by solid participation, preventing false breakouts on low volume moves. RSI moderation: Filters out overextended rallies and unsustainable intraday spikes. Short interest filter: Adds an optional contrarian check for potential squeeze setups or sentiment imbalance. Together, these signals improve reliability by demanding agreement across multiple perspectives—trend, momentum, and market depth—before painting a bullish bias. Practical Use and Tuning The indicator serves as a bias and timing aid rather than a standalone trading system. It helps discretionary traders focus attention on periods when multiple conditions favor looking for long entries, while leaving exact entry, exit, and risk parameters to individual strategies. All inputs—including MACD lengths, RSI range, daily volume multiplier, and short interest requirements—are fully adjustable to match various instruments, timeframes, and trading styles. For instance: Adjusting MACD lengths fine tunes responsiveness to trend shifts. Modifying RSI thresholds changes the tolerance for extended momentum. Raising the volume multiplier demands stronger conviction from market participants. Visual Cues Background highlight: Shaded green when all long bias conditions align. Triangle markers: “LONG” indicators below bars when the tool detects favorable conditions. Optional chart pane: Displays MACD and RSI for manual confirmation. Intended Use This tool assists traders in recognizing when technical, behavioral, and participation factors converge to support long opportunities. It is best used as part of a comprehensive trading process that includes broader context analysis, defined risk management, and confirmation from higher timeframe trends. All parameters are user configurable for customization across markets and trading approaches. This indicator is for analytical purposes only and does not constitute financial or investment advice.
Penunjuk Pine Script®
oleh gamer456148
Options Liquidity Meter (OLM)❓ The question behind this indicator When trading options, it is common to experience situations where price moves in the expected direction, yet the option contract does not increase in value as anticipated. This typically happens when one or more of the following conditions is missing: Insufficient liquidity participation Lack of volatility expansion Weak or passive order flow Options Liquidity Meter (OLM) was created to address this specific question: “If price moves from here, are there conditions for option premiums to actually expand?” 🎯 What this indicator does Options Liquidity Meter is a context tool, not a trading system. It evaluates whether the current market environment is favorable for option premium expansion , based on three core engines: Liquidity (Relative Volume) Measures whether price movement is supported by meaningful participation. Volatility State Identifies compression, release, and expansion phases, where options tend to respond differently. Order Flow Activity (OBV-based) Acts as a proxy for active vs. passive participation, helping filter hollow moves. These components are combined into a single, easy-to-read options context. 🟢🟡🔴 Options Context Output The indicator displays one consolidated state: RED — NO EXPANSION Price may move, but option premiums often do not respond. YELLOW — BUILDING Liquidity or volatility is developing. Conditions are improving but not fully aligned. GREEN — EXPANSION LIKELY Liquidity, volatility expansion, and active flow are aligned. This is a favorable environment for option premium expansion. The same logic is reflected visually through the background color and summarized in the dashboard. 📊 How to read the dashboard The dashboard shows: Liquidity: LOW / OK / HIGH Volatility: COMPRESSED / RELEASED / EXPANDING Order Flow: FLAT / ACTIVE Options Context: NO EXPANSION / BUILDING / EXPANSION LIKELY Below, a Background Color Meaning section explains what each color represents, making the indicator intuitive and educational. 📍 Where to apply this indicator Options Liquidity Meter must be applied to the underlying asset chart, such as: Indices (SPY, SPX, QQQ, etc.) Stocks Futures ETFs It is not designed to be applied to option contracts themselves. The indicator evaluates the market conditions of the underlying, which are the drivers that influence option premium behavior. Contract selection (strike, delta, gamma, expiration) remains the trader’s responsibility. 🧠 How to use it Use your own methodology to define: Direction Structure Entries and exits Use Options Liquidity Meter to evaluate: Whether the current environment supports option premium expansion If the context is RED, be cautious — price may move without rewarding options. If the context is GREEN, the environment is statistically more favorable for options responsiveness. 🔗 Complementary tools Options Liquidity Meter is designed to complement, not replace, other tools. It works well alongside: Opening Path Selector (EMA200 Context Tool) For deciding which asset offers the cleanest directional context. Multi-Tool VWAP + EMAs (Multi-Timeframe) + Key Levels For in-chart structure, bias, and reference levels. Each tool addresses a different stage of the decision process and can be used independently. ⚠️ Important notes This indicator provides context only It does not generate trading signals No indicator guarantees results Use at your own risk.
Penunjuk Pine Script®
oleh mlicero
2
Options Gamma Flip Zones [BackQuant]Options Gamma Flip Zones A market-structure style “gamma flip” mapper that builds adaptive strike-like zones, scores how price interacts with them, then promotes the strongest candidates into confirmed flip zones. Designed to highlight pinning, failed breaks, and rotational behavior without needing live options chain data. What this indicator does This script identifies price levels that behave like “strike magnets” during conditions that resemble options pinning, then draws dynamic zones around those levels. Instead of assuming every round number matters, it: Creates a strike ladder (auto or manual step). Applies a regime filter that looks for “pin-friendly” market conditions. Tracks and scores repeated interactions with the level. Upgrades a zone from candidate to confirmed when enough evidence accumulates. Invalidates zones when price achieves sustained acceptance away from them. The output is a set of shaded boxes (zones) centered on strike-like levels, with text readouts that show the current state of each zone. Key concept: “Gamma proxy” A true gamma flip requires options positioning data. This indicator does not use options chain gamma. Instead, it uses a proxy approach: When markets have elevated volatility relative to their recent baseline AND trend strength is weak, price often behaves “sticky” around key levels. In those conditions, repeated touches and failed escapes around a level behave similarly to pinning around strikes. So this tool is best read as: “Where would a strike-like magnet likely exist right now, based on price behavior and regime conditions?” How zones are created Zones only start forming when the script detects a pin-friendly regime. 1) Strike Ladder (level selection) Auto Strike Step selects a step size based on current price magnitude (bigger price, bigger step). Manual Strike Step lets you force a fixed increment. The current “active level” is the nearest rounded level to price. Major Level Every optionally marks major ladder levels (multiples of step). 2) Band construction (zone thickness) Each zone is a symmetric band around the level, using one of two modes: ATR mode scales thickness with volatility. Percent mode scales thickness as a fraction of price. This matters because “pin behavior” is not a single tick. It’s a region where price repeatedly probes and rejects. Regime filter (when the script is allowed to believe in pinning) A zone is only eligible to form and strengthen when Pin Regime is active. Pin Regime is a conjunction of: 1) IV proxy (ATR z-score) Uses ATR as a volatility proxy. Converts ATR% into a z-score relative to a long lookback. IV Proxy Threshold controls how elevated volatility must be before the script considers pinning likely. 2) Weak trend requirement The script also requires price action to be non-trending: EMA spread must be small (fast vs slow EMA not diverging strongly). ADX must be below a ceiling, confirming weak directional trend strength. Interpretation: High “IV proxy” + weak trend is where pin-like behavior is most common. If trend is strong, zones are less meaningful because price is more likely to accept away from levels. Flip confirmation logic (what upgrades a zone) A zone is not “confirmed” just because price is near it once. The script builds conviction via evidence accumulation. Evidence types: Touches : price comes close to the level within tolerance. Failed escapes : price pushes outside the band but closes back inside (rejection). Acceptance run : consecutive closes outside the band, suggesting price is accepting away from the zone. Protections: Touch Cooldown prevents counting the same micro-chop as multiple touches. Acceptance Bars defines what “real acceptance” means, so the zone does not get invalidated by one noisy bar. A zone becomes confirmed when: Touches meet the “evidence” requirement. Failed escapes meet the “rejection” requirement. The regime filter still says the market is pin-friendly. That is important, it avoids promoting levels that only worked briefly in a trending tape. Zone scoring and lifecycle Each zone maintains a score that evolves over time. Think of score as “how much this level has recently behaved like a magnet.” Score dynamics: Decay per bar : score fades over time if price stops respecting the zone. + per touch : repeated proximity increases score. + per failed escape : rejections add stronger reinforcement. - per acceptance bar : sustained trading outside reduces score. Min score to draw : prevents clutter from weak, low-confidence zones. Invalidation: If the score becomes very weak AND price achieves sustained acceptance away from the zone, the zone is deleted. This keeps the chart clean and ensures zones represent current market behavior, not ancient levels. How to read the plot on chart 1) Zone fill and border Each zone is drawn as a box extended to the right. Fill opacity adapts to zone strength, strong zones are visually more prominent. Border color encodes the current directional context and special events. 2) Bullish vs bearish coloring A zone is colored bullish when price is currently trading above the zone’s mid-level. A zone is colored bearish when price is currently trading below it. This is not a trade signal by itself, it is a state cue for “which side is in control around the level.” 3) Failed escape highlighting If price attempts to break above the band and fails, the border temporarily highlights as a failed up escape. If price attempts to break below the band and fails, the border temporarily highlights as a failed down escape. These are the moments where pin behavior is most visible: Break attempt. Immediate rejection. Return to the band. 4) Midline (optional) The zone midline is the strike-like level itself. It is dotted to distinguish it from price structure lines. 5) Optional strike ladder overlay When enabled, the script draws major and minor ladder lines near current price. Major levels are thicker and less transparent. This is a visualization aid for “where the algorithm is rounding,” not a prediction tool. On-chart text readout (what the box text means) Each box prints a compact state summary, designed for fast scanning: Γ CANDIDATE means the zone is being tracked but not yet validated. Γ FLIP (PROXY) means the zone has met confirmation requirements. BULL/BEAR indicates which side price is on relative to the mid-level. L prints the level value. T is touch count, repeated proximity events. F is fail count, rejected escape attempts. IVz is the volatility proxy z-score at the moment. ADX is the trend strength context. Practical use cases 1) Pinning and range trading context Confirmed zones often act like gravity wells in sideways or rotational regimes. When price repeatedly fails to escape, fading outer edges can be reasonable context for mean reversion workflows. 2) Breakout validation If price achieves acceptance outside the band for multiple bars, that is stronger breakout context than a single wick. Zones that invalidate cleanly can mark transitions from pinning to directional move. 3) Time your “do nothing” periods When Pin Regime is active and a zone is confirmed, the tape often becomes sticky and inefficient for trend chasing. This helps avoid taking trend entries into a pin environment. Alerts Standalone alertconditions are included: Zone Confirmed : a candidate becomes confirmed. Zone Touch : price touches an active zone within tolerance. Zone Invalidated : the zone loses relevance and is removed. Tuning guidelines Sensitivity vs quality Lower Touches Needed and Failed Escapes Needed creates more zones faster, but with lower quality. Higher values create fewer zones, but the ones that remain are more behaviorally “proven.” Band width ATR mode adapts to volatility and is typically safer across assets. Percent mode is consistent visually but can feel too tight in high vol or too wide in low vol if not tuned. Regime thresholds If you want fewer zones, raise IV proxy threshold and tighten weak-trend filters. If you want more zones, lower IV proxy threshold and loosen weak-trend filters. Limitations This is a proxy model, not live options gamma. In strong trends, pinning assumptions can break, the regime filter is there to reduce that risk, but not eliminate it. Auto strike step is designed for typical market ranges, manual step is recommended for niche tick sizes or custom markets. Disclaimer Educational and informational only, not financial advice. Not a complete trading system. Always validate settings per asset and timeframe.
Penunjuk Pine Script®
oleh BackQuant
2