Option Selling Indicator @mybullandbearThe Option Selling Indicator is designed to help traders identify high-probability buy and sell zones based on market momentum and trend conditions. It provides a simple yet powerful visual cue system to make trading decisions clear and intuitive.
🎯 How It Works:
When the background turns green and the price moves above the black trend line, it signals bullish strength — a good condition to go for BUY or sell PUT options.
When the background turns red and the price moves below the black trend line, it signals bearish strength — a good condition to go for SELL or sell CALL options.
⚙️ Key Features:
Clear color-coded background for instant trend visualization.
Dynamic black trend line acts as a support/resistance guide.
Simple setup suitable for both beginners and experienced option sellers.
Works effectively across multiple timeframes and instruments.
💡 Usage Tip:
Combine this indicator with volume or volatility filters for more accurate entries, and always confirm signals with your trading strategy and risk management rules.
Options
Price Action Bar Counter for Crypto Traders标注美股开收盘时间的K线辅助指标,自动调整夏令时与冬令时,适用于5m、15m、30m与1h级别。
Highlights U.S. stock market open and close times with automatic DST adjustment.
Best used on 5m, 15m, 30m, and 1h charts.
ATM Pulse (Arjo)ATM Pulse (Arjo) — Real-Time ATM Options Sentiment & Trend Strength Indicator
Overview
ATM Pulse (Arjo) is an options analytics and trend overlay tool that automatically detects the At-The-Money (ATM) strike for NIFTY, BANKNIFTY , or any selected stock.
It merges Call–Put Volume Ratio (CPVR) sentiment analysis with a Chandelier Exit trend overlay to help traders visualize both market bias and trend direction in a single chart.
Concepts & Logic
ATM Auto Detection
The script calculates the current ATM strike by rounding the underlying’s price to the nearest strike interval (e.g., 50 for NIFTY, 100 for BANKNIFTY). It then requests live option-chain data for that strike.
Call–Put Volume Ratio (CPVR)
The Call-Put Volume Ratio (CPVR) is calculated as the call volume divided by the put volume.
CPVR > 1.25 → Bullish dominance (Calls stronger)
CPVR < 0.75 → Bearish dominance (Puts stronger)
0.75–1.25 → Neutral sentiment
This ratio helps interpret real-time option-market positioning.
Chandelier Exit Trend Overlay
Using Average True Range (ATR) , the overlay plots dynamic trailing stops and visual trend zones:
🟢 Green: Uptrend continuation zone
🔴 Red: Downtrend continuation zone
A color change signals possible momentum reversal.
Combination of CPVR and Chandelier Exit
CPVR gauges option-market sentiment
Chandelier Exit confirms price-action direction
When both align (e.g., bullish CPVR + green Chandelier zone), it strengthens directional conviction. Divergent readings may signal indecision or early reversals.
How to Use
Open any NIFTY, BANKNIFTY , or stocks chart.
Add ATM Pulse (Arjo) to the chart.
Select your expiry date — the script auto-detects the ATM strike and displays:
C: Call LTP
P: Put LTP
CPVR: Call/Put Volume Ratio label
Watch the Chandelier Exit colors:
🟢 Green = Bullish trend
🔴 Red = Bearish trend
Combine CPVR bias + trend color for confirmation.
If CPVR is above 1.25 and trend color green → More bullish activity (Calls stronger).
If CPVR is below 0.75, and trend color red→ More bearish activity (Puts stronger).
If CPVR is between 0.75 and 1.25 and the trend color is gray/mixed → Neutral
Practical Use Case
The script continuously updates the ATM strike, CPVR , and trend overlay in real time.
It provides a clear visual snapshot of how option volumes align with price momentum , ideal for intraday or short-term directional traders.
Disclaimer
This tool is for educational and analytical purposes only.
It does not provide financial advice or guaranteed trading signals.
Happy Trading. ARJO
Iron Condor & Butterfly VisualizerIt helps you visualize and manage your option spread by:
Plotting strike prices and breakeven lines directly on the chart.
Showing profit/loss zones, adjustment zones, and alerts when price nears critical levels.
Calculating risk/reward, probability of profit, theta decay, IV condition, and trade score.
🎯 2. Inputs & Configuration
You input your trade details as a comma-separated string:
For an Iron Condor
ShortCall, LongCall, ShortPut, LongPut, Credit, Contracts, Target%
Example: 626,628,620,618,1.20,1,30
For a Butterfly Spread
LowerWing, Body, UpperWing, Debit, Contracts, Target%
Example: 600,620,640,2.50,2,50
The indicator automatically parses this and knows which strategy type you selected.
You can also control:
Visuals (profit zones, breakevens, labels)
Risk (stop loss %, adjustment zones)
Account/risk sizing
Market conditions (IV Rank, current IV, DTE)
⚙️ 3. Data Parsing & Strategy Recognition
The code reads your pasted string, splits it by commas, and determines:
Which strikes are short vs long (or wings/body for Butterfly)
Whether the strategy is credit (Iron Condor) or debit (Butterfly)
Calculates net credit/debit, contract size, and profit target
📈 4. Profit/Loss Calculations
It dynamically calculates:
Max Profit
Iron Condor: net credit × 100 × contracts
Butterfly: (wing width − debit) × 100 × contracts
Max Loss
Iron Condor: difference between strikes minus credit
Butterfly: debit × 100 × contracts
Breakeven points
Iron Condor: short strikes ± net credit
Butterfly: body ± debit
Current P&L relative to the live price (close).
⚖️ 5. Risk & Position Sizing
It checks:
Stop-loss trigger (% of max loss)
Adjustment alert if price nears short strikes
Recommended contract size based on account size and % risk per trade
Actual % of account at risk
⏱️ 6. Time Decay & IV Analysis
If you input days to expiration, it shows:
Theta (approx daily time decay)
Decay progress bar (% of 30-day cycle)
IV condition:
Green: favorable (>50 IV Rank)
Yellow: neutral (30–50)
Red: poor (<30)
🧮 7. Trade Scoring
It gives a Trade Score (0–100) based on:
IV Rank (favorable market)
Risk/Reward ratio
Probability of profit
Default 20 baseline points
This helps gauge whether the setup is statistically attractive.
🧠 8. Visualizations
When the indicator runs, it draws on your chart:
Lines
Red = short strikes
Orange dashed = long strikes
Yellow dotted = breakeven levels
Boxes
Green = profit zone
Orange shaded = adjustment zones (approaching danger)
Labels (optional)
Strike labels (call/put prices)
Info box summarizing:
Profit, loss, risk/reward
Breakevens, theta, target, gamma risk flag
🚨 9. Alerts
The script triggers TradingView alerts when:
Price nears call or put adjustment zones
Profit target is hit
Stop loss is hit
These help you manage the trade without constant monitoring.
🧭 10. In Practice
You’d:
Copy the option strikes and trade details from your broker or analyzer.
Paste them into 📋 PASTE YOUR TRADE DATA HERE.
The indicator plots:
Profit/loss region
Adjustment warnings
Key metrics
Alerts if your trade is in danger or near target.
Livelli OI-PNCOI-PNC Levels is a script that displays the open interest (OI) and net short positions (PNC) of a selection of 20 of the most significant stocks in terms of traded value on the Italian market.
PNC are indicated by red dotted lines starting from the close of the last reported change date;
The most significant open interest by number of contracts (Top 10 Calls and Top 10 Puts) are displayed using labels, all on a single line (Strike, CALL, PUT);
A summary table can be activated.
the data is hardcoded using static arrays and must be updated periodically. Data updated of 03/11/2025
########### Italiano ############
Livelli OI-PNC è uno script che permette di visualizzare gli open interest (OI) e le Posizioni Nette Corte (PNC) di una selezione di 20 titoli tra i più significativi per controvalore movimentato del mercato italiano.
Le PNC vengono indicate tramite Linee tratteggiate rosse che partono dal close della data di ultima variazione comunicata;
Sono riportati tramite labels, gli Open Interest più significativi per num.Contratti (Top 10 Call e top 10 Put) tutto su una unica riga per ogni strike (Strike, CALL, PUT);
E' attivabile una Tabella di riepilogo.
Poiché Pine Script non può leggere direttamente file da URL esterni, i dati sono hardcorati tramite array statici e vanno aggiornati periodicamente. Dati aggiornati al 03/11/2025
EMA921// ─────────────────────────────────────────────
// Notes for Publishing
// ─────────────────────────────────────────────
// This script plots EMA 9 and EMA 21 with trend shading.
// Colors: EMA 9 = Orange, EMA 21 = White
// Ideal for short-term trend following & entries.
korea time with 200 korea time
start time
08
09
17
18
23
00
This script makes it easier to look at the charts
The time automatically displays even if you don't bother to bring the mouse by hand
Now you can see the time intuitively
Run a very happy trading session
India Vix based Strangle StrikesA clean Nifty–VIX dashboard that converts India VIX into expected daily moves, price ranges, and suggested strangle strikes. Includes VIX %, expanded 1.2× range, and smart rounded strike levels for options trading.
This script provides a professional on-chart dashboard that converts India VIX into actionable trading levels for Nifty. It calculates the VIX-based expected daily move, projected price ranges, expanded 1.2× ranges, and suggested strangle strike prices. Includes clean formatting, color-coded sections, and real-time updates.
Ideal for traders using straddles, strangles, intraday volatility models, range-bound setups, and options-based risk management.
1.2x expanded range is better success probability, may keep 20% of strangle value as stop loss.
The vix based system is intended to give approx. 70%+ success rate.
3-Phasen-Scanner (BPS / BWB / Neutral) – exakt wie TV-EMA3-Phasen-Scanner (BPS / BWB / Neutral) – exakt wie TV-EMA
US Standard Quarterly Option Expirations accounting US HolidaysUS Standard Quarterly Option Expirations accounting US Holidays
NWOG/NDOG - HOKO (Public Version)This indicator shows you the intervals between the start of the week and the new day, and it is useful for everyone and everyone can use it.
Session Vertical Lines – WIB (Consistent)Session Line by farisradifana
Give the Session on Indonesian Time :
Asian Session : 6 A.M
London Session : 2 P.M
New York Session : 7 P.M
RSI + MFI + VolumeIndicator shows RSI + MFI + Volume in one panel, marks divergences separate for wicks and bodies, green dots shows where MFI and RSI are oversold
Price Above PDH - Complete Multi-Confirmation Alert
Cashapp $jmoskyhigh
Initial Breakout: Must have ALL confirmations to even start counting
During Hold Period: If ANY confirmation fails at ANY bar, the counter RESETS to zero
Must Re-qualify: If confirmations fail, must cross PDH again with all confirmations to restart
Alert Only Fires: When ALL confirmations are continuously met for the ENTIRE hold period
3. Visual Feedback:
Green background: Above PDH + ALL confirmations present
Red background: Above PDH but MISSING one or more confirmations
Red X above bar: Shows when a confirmation is lost during breakout (counter resets)
Green triangle with "✓ ALL": Alert triggered after full confirmation period
4. Example Scenario:
Scenario 1 - SUCCESS:
Bar 1: Price crosses PDH, Volume spike, MA bullish, Above VWAP → Counter = 1
Bar 2: Still above PDH, ALL confirmations still met → Counter = 2
Bar 3: Still above PDH, ALL confirmations still met → Counter = 3
Bar 4: Still above PDH, ALL confirmations still met → Counter = 4
Bar 5: Still above PDH, ALL confirmations still met → Counter = 5 → ALERT!
Scenario 2 - FAILURE (resets):
Bar 1: Price crosses PDH, Volume spike, MA bullish, Above VWAP → Counter = 1
Bar 2: Still above PDH, ALL confirmations still met → Counter = 2
Bar 3: Still above PDH, but volume drops below threshold → RESET Counter = 0
Bar 4: Still above PDH, ALL confirmations back → Counter = 1 (starts over)
5. Info Panel:
Shows which specific confirmations are failing
"OFF" displayed for disabled confirmations
Big "ALL CONFIRMED" row shows overall status
Warning message if confirmations are lost during breakout
This ensures you only get alerts when the setup is truly strong with ALL confirmations maintained throughout the entire hold period! 🎯
MACD (classic) + Divergences (wicks & bodies, fast/slow)macd with divergences. Wicks + bodies. Two settings for right bar
Option Buying Strategy By Raj PandyaThis strategy is designed for intraday trading on BankNifty using a powerful confluence of trend, structure and momentum. It combines the 9-period Exponential Moving Average (EMA) with Daily Traditional Pivot Points to identify high-probability breakout trades.
A Long (CALL) signal is generated when price crosses and closes above both the 9 EMA and the Daily Pivot Point (PP), confirming upward trend strength. A Short (PUT) signal triggers when price crosses and closes below the 9 EMA and PP, signaling downside momentum. To reduce false signals, the strategy uses RSI with a moving average filter to ensure momentum aligns with price action.
Risk management is built-in with previous candle high/low stop-loss, a fixed 50-point target, and an automatic trailing stop system to protect profits on trending days. This helps capitalize on strong momentum while managing risk effectively.
This strategy works best on the 5-minute timeframe and is optimized for BankNifty futures/options. It aims to capture clean directional moves around key intraday value levels used by institutional traders.
X C/P VPDescription
The X C/P VP indicator visualizes intraperiod option flow dynamics for any selected call and put contracts. It plots the volume of both options as overlapping histograms, allowing traders to observe where liquidity and participation are concentrated.
A small dot appears above a bar only when the option’s closing price increases relative to the prior bar, providing an immediate visual cue of upward price pressure within volume spikes.
By combining these two layers—volume intensity and directional confirmation—the indicator makes it easy to spot where the market is actively repricing risk across the call/put structure.
Use Case
Designed for 0DTE and short-dated options, especially index ETFs such as QQQ or SPY.
Helps traders compare call vs. put participation to gauge sentiment skew and intraday balance.
Useful for monitoring volume surges tied to delta hedging, gamma shifts, or option repricing following volatility or directional moves.
Can be applied on 1-minute to 15-minute timeframes to observe how option volume evolves through key market sessions (e.g., open, midday, close).
Dots highlight periods where premium expansion accompanies increased volume—often an early sign of momentum or positioning bias.
Summary
X C/P VP serves as a lightweight, visually intuitive tool to read the rhythm of call and put activity intraday—offering an at-a-glance pulse of which side of the options market is taking control.
Zarattini Intra-day Threshold Bands (ZITB)This indicator implements the intraday threshold band methodology described in the research paper by Carlo Zarattini et al.
Overview:
Plots intraday threshold bands based on daily open/close levels.
Supports visualization of BaseUp/BaseDown levels and Threshold Upper/Lower bands.
Optional shading between threshold bands for easier interpretation.
Usage Notes / Limitations:
Originally studied on SPY (US equities), this implementation is adapted for NSE intraday market timing, specifically the NIFTY50 index.
Internally, 2-minute candles are used if the chart timeframe is less than 2 minutes.
Values may be inaccurate if the chart timeframe is more than 1 day.
Lookback days are auto-capped to avoid exceeding TradingView’s 5000-bar limit.
The indicator automatically aligns intraday bars across multiple days to compute average deltas.
For better returns, it is recommended to use this indicator in conjunction with VWAP and a volatility-based position sizing mechanism.
Can be used as a reference for Open Range Breakout (ORB) strategies.
Customizations:
Toggle plotting of base levels and thresholds.
Toggle shading between thresholds.
Line colors and styles can be adjusted in the Style tab.
Intended for educational and research purposes only.
This indicator implements the approach described in the research paper by Zarattini et al.
Note: This implementation is designed for the NSE NIFTY50 index. While Zarattini’s original study was conducted on SPY, this version adapts the methodology for the Indian market.
Methodology Explanation
This indicator is primarily designed for Open Range Breakout (ORB) strategies.
Base Levels
BaseUp = Maximum of today’s open and previous day’s close
BaseDown = Minimum of today’s open and previous day’s close
Delta Calculation
For the past 14 trading days (lookbackDays), the delta for each intraday candle is calculated as the ab
solute difference from the close of the first candle of that day.
Average Delta
For a given intraday time/candle today, deltaAvg is computed as the average of the deltas at the same time across the previous 14 days.
Threshold Bands
ThresholdUp = BaseUp + deltaAvg
ThresholdDown = BaseDown − deltaAvg
Signals
Spot price moving above ThresholdUp → Long signal
Spot price moving below ThresholdDown → Short signal
Tip: For better returns, combine this indicator with VWAP and a volatility-based position sizing mechanism.
NY Open 5 minute Range (5m Box Extended)Draws a box around the first 5 minute candle for the New York session.
PG ATM Strike Line with Call & Put PremiumsPine Script: ATM Strike Line with Call & Put Premiums (Simplified)This Pine Script for TradingView displays the At-The-Money (ATM) strike price, futures price, call/put premiums (time value), and two ratios—Premium Ratio (PR) and Volume Ratio (VR)—for a user-selected underlying asset (e.g., NIFTY, BANKNIFTY, or stocks). It helps traders gauge near-term market direction using options data.How the Script WorksInputs:Expiry: Select year (e.g., '25), month (01–12), day (01–31) for option expiry (e.g., '251028').
Timeframe: Choose data timeframe (e.g., Daily, 15-min).
Symbol: Auto-detects chart symbol or select from Indian indices/stocks.
Strike: Auto-ATM (based on futures) or manual strike input.
Interval: Auto (e.g., 100 for NIFTY) or custom strike interval.
Colors: Customizable for ATM line, labels (Futures Price, CPR, PPR, VR, PR).
Calculations:Futures Price (FP): Fetches front-month futures price (e.g., NSE:NIFTY1!).
ATM Strike: Rounds futures price to nearest strike interval.
Option Data: Retrieves Last Traded Price (LTP) and volume for ATM call/put options (e.g., NSE:NIFTY251028C24200).
Call Premium (CPR): Call LTP minus intrinsic value (max(0, FP - Strike)).
Put Premium (PPR): Put LTP minus intrinsic value (max(0, Strike - FP)).
Premium Ratio (PR): PPR / CPR.
Volume Ratio (VR): Put Volume / Call Volume.
Visuals:Draws ATM strike line on chart.
Displays labels: FP (futures price), CPR (call premium), PPR (put premium), VR, PR.
VR/PR labels: Red (≥ 1.25, bearish), Green (≤ 0.75, bullish), Gray (0.75–1.25, neutral).
Updates on last confirmed bar to avoid redraws.
Using PR and VR for Market DirectionPremium Ratio (PR):PR ≥ 1.25 (Red): High put premiums suggest bearish sentiment (expect price drop).
PR ≤ 0.75 (Green): High call premiums suggest bullish sentiment (expect price rise).
0.75 < PR < 1.25 (Gray): Neutral, no clear direction.
Use: High PR favors bearish trades (e.g., buy puts); low PR favors bullish trades (e.g., buy calls).
Volume Ratio (VR):VR ≥ 1.25 (Red): High put volume indicates bearish activity.
VR ≤ 0.75 (Green): High call volume indicates bullish activity.
0.75 < VR < 1.25 (Gray): Neutral trading activity.
Use: High VR suggests bearish moves; low VR suggests bullish moves.
Combined Signals:High PR & VR: Strong bearish signal; consider put buying or call selling.
Low PR & VR: Strong bullish signal; consider call buying or put selling.
Mixed/Neutral: Use price action or support/resistance for confirmation.
Tips:Combine with technical analysis (e.g., trends, levels).
Match timeframe to trading horizon (e.g., 15-min for intraday).
Monitor FP for context; check volatility or news for accuracy.
ExampleNIFTY: FP = 24,237.50, ATM = 24,200, CPR = 120.25, PPR = 180.50, PR = 1.50 (Red), VR = 1.30 (Red).
Insight: High PR/VR suggests bearish bias; consider bearish trades if price nears resistance.
Action: Buy puts or exit longs, confirm with price action.
Conclusion: This script provides a concise tool for options traders, showing ATM strike, premiums, and PR/VR ratios. High PR/VR (≥ 1.25) signals bearish sentiment, low PR/VR (≤ 0.75) signals bullish sentiment, and neutral (0.75–1.25) suggests indecision. Combine with technical analysis for robust trading decisions in the Indian options market.
Integrated Volatility Intelligence System (IVIS)"Integrated Volatility Intelligence System (IVIS)", shorttitle="VolMind™: Adaptive Volatility Intelligence for Modern Markets"
QQQ Price Levels + Custom LevelsThis indicator projects QQQ price levels onto any chart — ideal for traders who monitor Nasdaq futures (NQ), QQQ ETF, or correlated tech stocks.
It helps visualize where QQQ sits relative to your current instrument and lets you fully customize your view with user-defined colored levels.
QQQ Ladder Projection
Automatically plots a range of evenly spaced QQQ levels around the current QQQ price.
Adjustable multiplier for spacing.
Configurable line style (solid/dashed/dotted), color, and label offset.
Labels show “QQQ ” and move dynamically with chart scaling.
Six User-Defined QQQ Levels
- Type in up to six specific QQQ prices (e.g. key support/resistance or psychological levels).
- Each level has independent color, line width, and line style controls.
- Default theme: 3 red levels (resistance) and 3 green levels (support).
- Lines are projected onto the current chart’s price scale, even if it’s not QQQ.
Colored Overlay Labels
- Labels on the main QQQ ladder automatically recolor at your selected levels.
- A small box overlays the original label, matching your chosen line color for clear visual emphasis.
Dynamic Updates
- Choose to update on every tick or once per candle close.
- Compatible with intraday or higher-timeframe charts.






















