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Traded Value ($ M)This indicator calculates and displays the total traded value for each bar in US Dollars (Millions), giving you a clearer picture of real money flow compared to raw volume alone. How it works: It multiplies the closing price by the bar's volume, then divides by 1,000,000 to express the result in Millions of USD. Traded Value ($M) = (Close Price × Volume) / 1,000,000 Color coding: 🟢 Green bar — Price closed higher than it opened (bullish bar) 🔴 Red bar — Price closed lower than it opened (bearish bar) Why use this? Raw volume only tells you how many shares/contracts were traded. Traded Value tells you how much money actually changed hands — making it especially useful for comparing activity across stocks with very different price levels. Best used on: Stocks, ETFs, and instruments traded in USD.
Indicator
by vdvekariya
SVT 30M Options Swing IndicatorSVT 30M Options Swing Indicator Description This indicator is designed as a swing trading assistant for SPY / QQQ options using the 30-minute chart for entries and exits, while using the Daily and 2H timeframes to confirm the larger trend direction. The main idea is: Trend is your friend. Daily + 2H define direction. 30M gives the timing. Lorentzian-style score confirms trade quality. This indicator is not designed for scalping. It is designed to help identify higher-quality CALL and PUT opportunities that can potentially be held for a swing move, while avoiding low-quality trades during chop, consolidation, or weak momentum. Strategy Logic The strategy combines several layers of confirmation: 1. Higher Timeframe Trend The indicator first checks the Daily and 2H charts. The Daily timeframe is used to define the larger market bias: Daily Bullish = price above Daily EMA 50 and RSI above 50 Daily Bearish = price below Daily EMA 50 and RSI below 50 The 2H timeframe is used to confirm the active swing direction: 2H Bullish = price above EMA 20, RSI above 50, and MACD above signal 2H Bearish = price below EMA 20, RSI below 50, and MACD below signal This helps avoid trading against the bigger trend. 2. 30-Minute Entry Timing The 30-minute chart is used for actual entry timing. A CALL setup looks for: Daily / 2H bullish direction Recent 30M pullback 30M MACD bullish cross RSI recovery Price reclaiming EMA 20 Bullish Lorentzian-style score No chop / consolidation warning A PUT setup looks for: Daily / 2H bearish direction Recent 30M pullback or rejection 30M MACD bearish cross RSI weakness Price rejecting EMA 20 Bearish Lorentzian-style score No chop / consolidation warning 3. Lorentzian-Style Score The indicator uses a Lorentzian-inspired quality score to confirm whether the market condition supports the trade. The score uses: RSI 14 RSI 9 WaveTrend CCI ADX MACD momentum EMA trend structure For CALLs, the score checks if momentum and trend conditions are bullish. For PUTs, the score checks if momentum and trend conditions are bearish. This helps filter out weaker signals. 4. Chop / Consolidation Filter The indicator avoids trades when the market is sideways. It checks: Low ADX EMA 20 and EMA 50 compression Tight price range Price moving inside a range When the market is choppy, the table may show: Chop: No Trade That means the signal should be avoided because options can lose value quickly in sideways action due to theta decay. 5. Exit Logic The strategy does not exit on every small pullback. It looks for stronger confirmation. CALL exits can happen when: 30M MACD crosses bearish RSI weakens Price loses EMA 20 2H trend turns bearish Price breaks below EMA 50 with weakness ATR stop is hit Maximum hold time is reached PUT exits can happen when: 30M MACD crosses bullish RSI recovers Price reclaims EMA 20 2H trend turns bullish Price breaks above EMA 50 with strength ATR stop is hit Maximum hold time is reached The goal is to hold winners longer but exit when the trend clearly weakens. Meaning of the Table The table is the main decision dashboard. Daily Shows the larger market bias. Bullish = larger trend favors CALLs Bearish = larger trend favors PUTs Neutral = no clear daily direction 2H Shows the active swing trend. Strong Bull = 2H supports CALLs strongly Bull Recovery = 2H may be turning bullish Strong Bear = 2H supports PUTs strongly Bear Recovery = 2H may be turning bearish Neutral = no strong 2H direction 30M Shows the current 30-minute trend. 30M Bull = short-term trend favors CALLs 30M Bear = short-term trend favors PUTs Neutral = short-term trend is unclear MACD Shows the recent 30-minute MACD cross. Bull Cross = recent bullish MACD cross Bear Cross = recent bearish MACD cross No Fresh Cross = no recent MACD timing signal MACD is used for timing, but it should be confirmed by the trend and L-Score. Pullback Shows whether price recently pulled back into a potential entry area. CALL Pullback = possible CALL setup area PUT Pullback = possible PUT setup area None = no pullback setup A pullback alone is not an entry. It needs MACD, trend, and L-Score confirmation. L-Score This is the Lorentzian-style quality score. Bull 5 or higher = bullish conditions are strong Bear 5 or higher = bearish conditions are strong Weak = no strong quality confirmation The stronger the L-Score, the better the trade quality. Chop Shows whether the market is tradable or sideways. Trade OK = market is not detected as choppy No Trade = market is consolidating or too sideways Avoid new trades when this says No Trade. Position Shows the current strategy position. CALL = currently in a CALL / long trade PUT = currently in a PUT / short trade Flat = no active trade Action This is the simplified guidance. Hold CALL = stay in the CALL trade Hold PUT = stay in the PUT trade CALL Watch = conditions are building for CALL PUT Watch = conditions are building for PUT Wait = no high-quality setup How to Use the Indicator For a strong CALL setup, look for: Daily: Bullish 2H: Strong Bull or Bull Recovery 30M: 30M Bull MACD: Bull Cross Pullback: CALL Pullback L-Score: Bull 5 or higher Chop: Trade OK Action: CALL Watch or Hold CALL For a strong PUT setup, look for: Daily: Bearish 2H: Strong Bear or Bear Recovery 30M: 30M Bear MACD: Bear Cross Pullback: PUT Pullback L-Score: Bear 5 or higher Chop: Trade OK Action: PUT Watch or Hold PUT Avoid trades when: Daily and 2H disagree strongly L-Score is Weak Chop says No Trade MACD is opposite the desired direction Price is too extended away from EMA 20 Action says Wait Simple Trading Rules Entry Rule Only enter when the higher timeframe direction, 30M MACD, pullback, L-Score, and chop filter agree. Exit Rule Do not exit on the first small pullback. Exit when MACD, RSI, price, or 2H trend confirm weakness, or when the strategy prints EXIT. Trend Rule If Daily and 2H are bullish, focus on CALLs. If Daily and 2H are bearish, focus on PUTs. If trend is mixed, wait for a cleaner setup. Theta Rule Avoid sitting in sideways trades. Options lose value when price does not move. If Chop says No Trade or the trade is not moving, be cautious. Summary This indicator is a multi-timeframe swing options strategy that uses: Daily trend 2H confirmation 30M MACD timing Pullback entries Lorentzian-style quality score Chop filter ATR runner stop RSI + MACD exit confirmation It is meant to help traders avoid random entries and focus on higher-quality swing setups where the trend, momentum, and market condition are aligned.
Strategy
by seanvtran
4
Put Strike Ladder [ThetaLoop]The Put Strike Ladder is a chart-side cheat sheet for cash-secured-put research. It draws several candidate put strikes below current price and labels each rung with the numbers you actually compare when picking a strike: - Strike price - Percent out-of-the-money - Collateral required per contract (strike × 100) - Distance from current price in ATR(14) units - Distance from the 200-day SMA in percent Spacing can be `Auto` (heuristic by price level) or `Manual` (set your own dollar step to match the option-chain). Optional inputs let you assume a premium per share to see static yield, or enter an account size to see the collateral on the top rung as a percent of the account. This is a map of the option-chain landscape. It is not a trade recommendation, it does not predict which strike will work, and it does not call live option prices. Disclaimer Educational and research tool only. Not investment, financial, or tax advice. Options involve substantial risk and are not suitable for every investor. Past results do not guarantee future outcomes. Inputs the user must change before use - `Spacing Mode` — `Auto` is fine; switch to `Manual` if you want to match a specific option-chain step - `Manual Spacing ($)` — only if mode = Manual - `Max Ladder Levels` — how many rungs to draw - `Assumed Premium per Share` *(optional)* — to display static yield - `Account Size` *(optional)* — to display collateral / account percent
Indicator
by ThetaLoop
PumpC Options Flow: Calls vs Puts (+VWAPs)PumpC Options Flow: Calls vs Puts VWAP This indicator compares the price action of a selected Call option and Put option , helping visualize relative strength and potential shifts in market sentiment using VWAP and crossover logic. 🔍 Overview Plots Call and Put option prices in a separate pane Calculates anchored VWAP for both selected instruments Includes optional VWAP standard deviation bands Detects Call vs Put crossover events Displays a real-time table with price and VWAP values Supports alert messages for crossover signals 🧠 Concept Rather than focusing only on the underlying asset, this indicator tracks relative performance between Calls and Puts. Calls strengthening versus Puts may suggest bullish pressure Puts strengthening versus Calls may suggest bearish pressure VWAP provides an average price reference over the selected anchor period ⚙️ How It Works Call vs Put Comparison Select one Call contract and one Put contract manually View both instruments together for direct comparison Use relative movement to evaluate which side is gaining strength Anchored VWAP VWAP is calculated independently for each selected option contract The calculation uses HLC3 as the source Available anchor periods include Session, Week, Month, Quarter, and Year VWAP Bands Optional standard deviation bands can be displayed around VWAP Bands may help identify extended price movement or volatility expansion Cross Detection Call crossing above Put may indicate improving Call-side relative strength Put crossing above Call may indicate improving Put-side relative strength Data Table Shows the selected option symbol Shows the current price Shows the current VWAP value 🚨 Alerts Create an alert using “Any alert() function call” Alerts trigger when a Call vs Put crossover occurs Alert messages include crossover direction, symbols, and current values 🎯 Usage Ideas Use Call and Put VWAP positioning as trend context Monitor crossover events for potential momentum shifts Use VWAP bands to observe possible overextension ⚠️ Notes This script uses individual option symbols, not aggregated options flow data Selected contracts should ideally have similar expiration dates Near-the-money contracts are generally easier to compare Illiquid contracts may create irregular or noisy plots 🧩 Use Cases Intraday index and ETF options analysis SPY, QQQ, or index-related options monitoring VWAP-based relative strength analysis Confirmation alongside other trading systems 💡 Tips Use the Session anchor for intraday analysis Watch for divergence between Call and Put movement Focus on relative performance rather than absolute option price 🚀 Summary PumpC Options Flow: Calls vs Puts VWAP provides a structured way to compare selected Call and Put contracts using VWAP, bands, crossovers, and table-based values. It is designed to help visualize relative strength shifts within the options market.
Indicator
by PumpCTrader
PHOENIX Swing Options EnginePHOENIX-SOE (Predictive Hybrid Oscillator for Energy & iNflection eXploitation — Swing Options Engine). It's built on four pillars working together: VCI — Volatility Compression Index. A percentile-rank of Bollinger Band Width vs. its own 100-bar history. When BB Width sits in the bottom 30%, the spring is coiled — historically these resolve into expansions, which is exactly when you want to be long options (vega tailwind). DMS — Directional Momentum Score. A composite from −5 to +5 combining EMA stack alignment (8/21/55), RSI regime, and ROC + ROC slope. Single oscillators lie; consensus across three independent momentum measurements lies less. EBD — Energy Buildup Detector. Looks for the classic accumulation tell: ATR contracting while volume expands. That divergence is what separates a real coil from a dead market. ATL — Adaptive Trigger Line. Donchian midline ± a buffer scaled to ATR. The actual entry trigger — we don't fire on the setup, we fire on the release. The signals only print when all four align AND price breaks the trigger on a volume surge. Exits use ATR-based targets, ATR stops, momentum-flip protection, and a hard time-stop (because every day you hold, theta wins).
Indicator
by all_hail_the_data
Universal Option Suitability MasterUniversal Option Suitability Master (IC-S) Overview Options trading is often less about "direction" and more about Volatility and Market Structure. The Universal Option Suitability Master is a comprehensive quantitative dashboard designed to help traders identify the mathematically optimal time to enter five of the most popular options strategies. Instead of guessing if the "premium is worth the risk," this tool analyzes the market through three distinct pillars—Volatility, Trend Strength, and Range Consistency—to provide a real-time Suitability Score (0-100%). The Three Pillars of Suitability This indicator calculates a weighted score based on three core metrics: Volatility Pillar (IV Rank): Measures current historical volatility relative to the last 252 trading days. It tells you if options are currently "expensive" (selling environment) or "cheap" (buying environment). Trend Pillar (ADX): Evaluates the strength of the current trend. Neutral strategies (like Iron Condors) require a low ADX, while directional spreads require a high ADX. Range Pillar (Choppiness Index): Determines if price action is staying within a consolidated range or preparing for a breakout. Supported Strategies You can toggle between five different strategy modes in the settings. The entire dashboard and math engine will update instantly to reflect that strategy’s specific requirements: Sell Iron Condor: A neutral income strategy. Optimal when IV is high, trends are weak, and the market is choppy. Buy Iron Condor: A range-breakout play. Optimal when IV is cheap and a new trend is emerging from a tight range. Straddle: A pure volatility bet. Optimal when IV is at extreme lows and trend strength is high (anticipating a massive move regardless of direction). Credit Spreads: A trend-following income play. Optimal when IV is high and the trend is clearly established. Calendar Spreads: A "Time & Vol" play. Optimal when the market is flat and IV is at historical lows, betting on a future rise in volatility. Key Features Interactive Dashboard: Features a clean table in the top-right corner with hover-tooltips explaining every metric. Multi-Strategy Background Scanner: The script monitors all 5 strategies simultaneously. You can set alerts for the "Optimal" zone of any strategy, even if you don't have it currently selected. Visual Suitability Histogram: High-visibility columns colored by "Optimal" (Green), "Fair" (Orange), and "Avoid" (Red) zones. Strategy Tips: Includes dynamic entry tips and brief explanations of each strategy's logic directly on the UI. How to Use Select your target strategy in the Input settings. Check the Suitability Score: A score above 70% indicates a mathematically "Optimal" environment for that specific trade. Review the Pillars: Use the dashboard to see if the score is being driven by high premium (IVR) or market structure (ADX/Chop). Set Alerts: Use the built-in alert conditions to be notified the moment a high-probability setup occurs on your favorite ticker. Disclaimer This indicator is for educational and informational purposes only. Options trading involves significant risk. The "Suitability Score" is a mathematical model based on historical data and does not guarantee future results. Always practice proper risk management.
Indicator
by Uniden202
ICT Macro Time Highlighter - NY + London MacrosICT Macro Time Highlighter — NY & London Sessions This indicator highlights key ICT macro time windows directly on your PulseWire chart using New York time. It is designed to help traders visually identify important time-based liquidity windows during the London and New York sessions. The script highlights the following macro times: London Macro Windows London Macro 1: 2:33 AM – 3:00 AM NY Time London Macro 2: 4:03 AM – 4:30 AM NY Time New York Macro Windows 8:50 AM – 9:10 AM: NY Open liquidity move 9:50 AM – 10:10 AM: Continuation or reversal window 10:50 AM – 11:10 AM: Liquidity/displacement window 11:50 AM – 12:10 PM: Lunch-time liquidity 1:10 PM – 1:40 PM: PM session setup 3:15 PM – 3:45 PM: Late-day move Features: Highlights London and New York ICT macro time windows. Uses America/New_York timezone. Automatically adjusts with New York daylight saving time. Optional weekday-only filter. Customizable colors for each macro window. Optional labels at the start of every macro time. Alert conditions for London macros, New York macros, and all macro windows. This indicator is not a buy or sell signal. It is a time-based visual tool designed to help ICT traders focus on specific trading windows where liquidity sweeps, displacement, market structure shifts, fair value gaps, continuation moves, or reversals may occur. Best used together with: Liquidity sweep analysis Market structure shift / CHOCH Fair value gaps Order blocks Premium and discount zones Higher timeframe bias Recommended timeframes: 1-minute 3-minute 5-minute 15-minute Use this indicator as a timing filter to support your ICT trading plan, not as a standalone trading strategy.
Indicator
by kyzerfx
Clouds DailyClouds Daily (based on Ripster EMA Clouds) is a trend and extension dashboard built for daily swing trading, especially for stocks and options. It uses multiple moving-average clouds to show whether short-term momentum, recovery trend, swing trend, and long-term regime are aligned. The indicator plots configurable MA clouds: 5/12 Fast Momentum Cloud 8/21 Short Trend Cloud 21/34 Recovery Cloud 34/50 Swing Trend Cloud Optional 180/200 Regime Cloud A top-right trend table summarizes the current state of each condition as bullish or bearish. The Extension row is designed to help avoid chasing extended moves. It measures price distance from the 21 EMA using ATR and combines that with a breakout check. Extension states include: Setup: price is not extended and has not broken out yet High Base: price is elevated inside a base Base Ext: price is stretched above the 21 EMA but has not broken out Buyable: breakout confirmed without excessive ATR extension Chase Risk: breakout confirmed while price is already extended Pullback: price is below the 21 EMA by more than 1 ATR Discount: deeper pullback zone Damage: trend deterioration based on price, moving averages, and RSI ATR risk markers can optionally plot 1, 2, and 3 ATR bands around the 21 EMA to visualize extension and pullback zones directly on the chart. This indicator is intended as a visual decision-support tool for trend quality, breakout context, and entry risk. It is not a standalone buy/sell system. Always combine it with your own price action, volume, market context, and risk management.
Indicator
by tradermirkat
Covered Call Strike OptimizerCovered Call Strike Optimizer A PulseWire Pine Script (v6) that projects OTM covered call strike levels at the start of each period and scores each method's historical accuracy by measuring how close the predicted level was to the actual closing price at period end. What It Does At the beginning of each period the script snapshots a strike price for every enabled study method. At the end of each period it measures how far each projected level was from where price actually closed, accumulating the error over every period in your chart history. The results table shows which method has historically been the tightest predictor for the specific symbol and timeframe you are analyzing. This answers the question: "Which strike selection method would have put my covered call closest to where price actually ended up?" The Math HV Expected Move (purple) — most rigorous Uses the Black-Scholes 1-sigma expected move formula: strike = open × (1 + HV_annualized × sqrt(DTE / 252)) sqrt(DTE / 252) correctly de-annualizes the volatility to the exact period length. This is the same math options market makers use to price contracts. The HV lookback measures the volatility regime and is always kept independent of DTE — it does not need to be auto-scaled because sqrt(DTE/252) already handles time-scaling. ATR Levels (orange) strike = period_open + (multiplier × ATR) ATR measures the average range of one bar. The multiplier asks: how many typical bar-ranges might price travel over this entire period? For short-duration trades (e.g., 3-day or weekly), using ATR(14) measures volatility over a window 3–5× longer than the trade, which may reflect a stale regime. Auto-scaling sets the lookback to max(DTE, 10) so the smoothing window matches the trade horizon. A floor of 10 bars is enforced — fewer bars produces noisy estimates. Standard Deviation (blue) strike = period_open + (multiplier × StdDev(close, length)) SD measures the dispersion of closing prices over the lookback window. Same auto-scale logic as ATR — when enabled, length = max(DTE, 10). Fixed % OTM (red) strike = period_open × (1 + pct / 100) No volatility adjustment. A simple directional assumption that price will not rise more than X% during the period. Previous Period High (yellow) The highest bar high from the prior completed period. Serves as a natural resistance level and potential OTM target on range-bound or mean-reverting symbols. Results Table Located in the top-right corner of the chart. Column Description Level Study name and multiplier Price Current projected strike price OTM % How far above today's close the strike sits right now Avg Err% Average absolute % distance from the actual close across all periods Avg $ Average absolute dollar distance from the actual close across all periods Lower Avg Err% and Avg $ = the method historically predicted closest to where price actually closed. Color Coding (Avg Err% and Avg $ columns) Color Avg Error Interpretation Lime < 10% Tight predictor — this level consistently landed close to close Yellow 10–25% Moderate — useful directional guide but not precise Red ≥ 25% Loose — strike was frequently far from where price closed The footer row shows how many complete periods were analyzed. More periods = more reliable statistics. Best-Row Highlight The row with the lowest Avg Err% is highlighted with a faint white background glow — this is the method that historically placed the strike closest to where price actually closed. The highlight uses a 0.01% epsilon comparison to handle floating-point rounding. Period Background Shading Each period's final bar is shaded to show the covered call outcome relative to the HV 1-sigma level: Green — price closed at or below HV 1σ (covered call likely expired worthless) Red — price closed above HV 1σ (covered call was breached and likely required management) Settings Period Setting Default Description Expiration Cycle Monthly (21) Quick-select preset: 3-Day (3), Weekly (5), Monthly (21), Quarterly (63), or Custom Custom DTE (bars) 21 Active only when Expiration Cycle = Custom Auto-scale ATR & SD lookback to DTE ON When ON: ATR length = SD length = max(DTE, 10). Matches the smoothing window to your trade horizon. When OFF: use the manual length inputs in each study group. HV is never auto-scaled (already time-scaled via sqrt(DTE/252)). DTE to bar count mapping (Daily chart): Expiration Bars 3-Day 3 Weekly 5 Monthly 21 Quarterly 63 On a Weekly chart divide by 5. On an Hourly chart multiply by ~6.5. ATR Levels (orange) Setting Default Description Show ATR Levels ON Toggle lines and table rows for all ATR levels ATR Length (manual override) 14 Only used when Auto-scale is OFF Multiplier 1 1.0x Strike = open + 1.0 × ATR Multiplier 2 1.5x Strike = open + 1.5 × ATR Multiplier 3 2.0x Strike = open + 2.0 × ATR Multiplier 4 3.0x Strike = open + 3.0 × ATR Standard Deviation Levels (blue) Setting Default Description Show SD Levels ON Toggle lines and table rows for all SD levels SD Length (manual override) 20 Only used when Auto-scale is OFF Multiplier 1 1.0σ Strike = open + 1.0 × SD Multiplier 2 2.0σ Strike = open + 2.0 × SD Multiplier 3 3.0σ Strike = open + 3.0 × SD Historical Volatility / Expected Move (purple) Setting Default Description Show HV Expected Move ON Toggle HV lines and table rows HV Lookback (bars) 30 Bars used to compute realized volatility. Not auto-scaled — HV is already time-adjusted via sqrt(DTE/252). Fixed % OTM Levels (red) Setting Default Description Show % Levels ON Toggle fixed % lines and table rows Level 1 % 5% Strike = open × 1.05 Level 2 % 10% Strike = open × 1.10 Level 3 % 15% Strike = open × 1.15 Previous Period High (yellow) Setting Default Description Show Prev High ON Toggle the prior period high line and table row Display Setting Default Description Show Results Table ON Show/hide the accuracy table Show Lines on Chart ON Master toggle for all dashed lines and labels. Turn OFF to see just the table without cluttering the chart. Individual study toggles still control their rows in the table. Shade Period Background ON Green/red background shading at each period's close bar Label Size Tiny Size of line labels: Tiny, Small, or Normal How to Use Step 1 — Select your expiration cycle Set Expiration Cycle in the Period group to match your options strategy: Trading 3-day options on a Daily chart → select 3-Day (3) Trading weekly options on a Daily chart → select Weekly (5) Trading monthly options on a Daily chart → select Monthly (21) Trading monthly options on a Weekly chart → set Custom DTE to 4 or 5 Step 2 — Decide on auto-scaling Leave Auto-scale ATR & SD lookback to DTE ON (recommended). This ensures ATR and SD are measuring volatility over the same number of bars as your trade lasts. For very short DTEs (3 or 5), the floor of 10 bars keeps estimates stable. Turn it OFF if you prefer consistent, longer-term smoothing regardless of DTE — for example, if you always want ATR(14) as your baseline regardless of whether you're trading weeklies or monthlies. Step 3 — Read the results table Look at Avg Err% and Avg $. The rows with the lowest values (lime-colored) are the methods that historically placed the strike closest to where price actually closed. Use those as your primary strike selection candidates. The Price and OTM % columns show where those same methods are projecting for the current active period. Step 4 — Reduce chart clutter when needed Toggle Show Lines on Chart OFF in Display settings to hide all dashed lines while keeping the results table. Individual study toggles (Show ATR Levels, Show SD Levels, etc.) let you focus on specific methods. Tips Run on a symbol with at least 50+ complete periods for statistically meaningful Avg Err% values. The footer shows the period count. Compare cycles: switch between Weekly (5) and Monthly (21) presets to see which methods hold up across different time horizons. HV Expected Move is the options-theory benchmark — it approximates what implied volatility is pricing in. If another method consistently beats it in Avg Err%, that is a meaningful signal for that symbol. ATR and SD with auto-scale ON produce different lookback lengths for different cycles. A 3-day trade uses ATR(10) while a monthly trade uses ATR(21), giving each cycle an appropriately sized volatility window. Prev Period High tends to work best on range-bound or mean-reverting symbols where prior resistance is respected. Results are historical and backward-looking. Market regime changes (e.g., a volatility spike) can shift which method performs best going forward.
Indicator
by tfox2791
Tiki Gamma (GEX) Tiki Gamma maps the options dealer hedging levels that may influence intraday price action — directly on your chart. Options dealers hedge trillions in exposure every session. They typically hedge by buying or selling the underlying to stay delta-neutral. Theoretical models suggest that at strikes where large open interest concentrates, this hedging may be large enough to influence price. These flows can be systematic and large, and are often watched by institutional desks as potential structural support and resistance reference points. This indicator draws manually provided levels. It does not calculate levels from live options data. It is a visualization tool for external data. What It Draws Call Walls & Put Walls — Overhead zones where theoretical dealer selling is heaviest. Below-market zones where theoretical dealer buying provides structural support. Call walls may resist upward moves; put walls, if broken, may lead to accelerated moves. Line thickness scales with strength so the dominant level is immediately visible. Zero Gamma Flip — An important regime filter in modern markets. Above it, dealers may trade mean-reverting. Below it, they may trade amplifying. Expert Configuration (Signal-to-Noise Ratio) — Ships with optimized configuration for high-conviction trading. We recommend limiting Walls and Absolute Gamma to 3 levels each at 80%+ strength to filter out noise, while keeping Large Gamma at a 5-level, 50% strength threshold to catch secondary intraday pivots. Gamma Transition Band (Experimental) — The contested zone around the flip where dealer positioning is mixed. Price action inside this band is inherently noisier. These levels are currently in experimental beta. Key Gamma Strike & Large Gamma — Potential areas of interest. Price may gravitate toward them. In trending sessions, they can act as checkpoint S/R. Optional strength percentages and GEX magnitude labels show which levels carry real weight. Vanna Inflection — Where an IV expansion triggers forced delta rehedging independent of price movement. A level that is often monitored during gap opens and VIX events. Speed Trap — Where a move lower may theoretically create disproportionate dealer selling. A level that may turn a pullback into a flush. Max Pain — The settlement gravity point. The zone expands automatically near close as charm-driven delta unwinding theoretically strengthens into expiration — reflecting end-of-day pinning behavior. Expected / Implied Move Bands — 1-SD and 2-SD statistical envelopes. Inside the box: mean reversion is plausible. Outside it: respect the move. Visual Design Regime Background — Chart can be configured to tint teal above the gamma flip (stabilizing), magenta below (amplifying). Off by default to minimize clutter. Strength-Scaled Lines & Opacity — Dominant levels draw thicker and more opaque. Weaker levels fade. Hierarchy is visible without reading a single label. HUD Dashboard — Compact overlay showing current regime, distance to nearest walls in implied-move units (sigma), and futures basis shift. Proximity Highlighting — Zone opacity increases when price enters a level. The active level always stands out. Max Pain Expansion — The max pain zone grows as charm effects strengthen into the close, reflecting real-time gravitational pull. Price Axis Tags — Every level is tagged on the price axis for quick reference without chart clutter. Futures Basis Shift — SPX/NDX levels mapped accurately onto ES/NQ charts. When in Prior Bar mode, the indicator dynamically calculates the exact, real-time basis offset using prior close data to ensure perfect, stable alignment. If the ticker is unmapped or Session Open mode is selected, it automatically falls back to your initially pasted Basis Shift. Settings & Configuration The indicator features deep customisation via its settings panel, grouped for ease of use: Visibility — Toggle individual level types (Walls, GEX nodes, Vanna, Speed Trap, etc.), the HUD Dashboard, and Price Axis Labels. Choose between Level names, Prices, or both for on-chart labels. Style — Adjust base Line Width and enable Strength scaling for width/opacity. Toggle GEX Magnitude ($) and Vol Resilience (↑/↓) arrows in labels. Select Label Alignment (Left vs Last Bar) and Format (Full vs Abbreviated). Configure Display Timezone for timestamped levels. Level Filters — Fine-tune signal clarity by setting global and per-type "Min Strength %" thresholds. Use the "Max Total Levels" cap to limit the total number of lines drawn near price. Colors & Opacity — Customise the color for every level category. Global sliders control base opacity for lines and shaded influence zones. Visual Effects & Advanced — Configure Regime Background colors and opacity. Customise Advanced Max Pain settings, including the close-time target and the growth window for end-of-day expansion. How It Works Paste your formatted level data into the indicator's text input. Each level accepts optional metadata — strength, vol resilience, and GEX magnitude — so the indicator reflects the full depth of the pipeline output, not just price levels. Open Source Full source is published openly. Read it, fork it, learn from it. Every level type is documented in the script header with the theoretical dealer mechanics that drive it. The display layer is transparent.
Indicator
by TikiDave
5
Previous high to Close Previous low to Close fib levelsThis script, Fib Bridge: H/L to First Close, is a specialized technical analysis tool designed to identify intraday support and resistance levels based on the relationship between previous period extremes and the opening price action. Core Functionality Anchor Periods: Automatically calculates levels based on the Previous Day or Previous Week high/low. The "Fib Bridge": It constructs Fibonacci-style "bridges" between the previous period's high/low and the closing price of the first candle of the current session. ORB Levels: Visualizes the Opening Range Breakout (ORB) High, Low, and Midpoint of the first candle for immediate bias. Bull & Bear Zones: * Bull Bridge: Projects the 50% midpoint between the Previous Low and the first Close. Bear Bridge: Projects the 50% midpoint between the Previous High and the first Close. Dynamic Visuals: Includes real-time line extensions and customizable labels for price precision.
Indicator
by thulashimohanr
Futures Gamma LevelsFutures GEX Levels Brings Gamma Exposure (GEX) levels from options markets directly onto your futures charts — fully converted and price-locked. A single indicator that works across NQ, ES, GC, and SI futures with zero configuration needed between charts. Designed for active futures daytraders who use GammaLens (gammalens.markets) as their GEX data source. The Problem This Solves Futures contracts like NQ, ES, GC, and SI have no meaningful native options chain. The gamma levels that actually drive price action on these instruments come from their ETF and index equivalents — QQQ, SPX, GLD, and SLV respectively. But those levels are priced in ETF/index terms, not futures terms. Overlaying them raw on a futures chart puts every level in the wrong place. This indicator solves that by automatically detecting which futures chart you are on, fetching the matching ETF or index price via request.security(), calculating the live ratio, and converting all gamma levels into the correct futures price coordinates — in real time, on every bar. Supported Instruments NQ1! / MNQ1! → QQQ options → NQ/QQQ ratio ES1! / MES1! → SPX options → ES/SPX ratio GC1! / MGC1! → GLD options → GC/GLD ratio SI1! / SIL1! → SLV options → SI/SLV ratio SPX is used as the source for ES rather than SPY, as SPX has significantly deeper options liquidity and is the more accurate representation of dealer gamma positioning for S&P 500 futures. What Gets Plotted Call Wal l — Highest positive GEX strike. Dealers are heavily long gamma here, selling into rallies. Acts as strong resistance. Put Wall — Most negative GEX strike. Acts as support, but a break below can accelerate selling as dealers flip their hedge. HVL / Gamma Flip — The regime boundary. Above it: dealers are net long gamma, dampening volatility, market tends to mean-revert. Below it: dealers are net short gamma, amplifying moves, market tends to trend. GEX Levels 1–10 — Secondary gamma strikes ranked by magnitude. These act as additional support/resistance zones where dealer hedging flows are concentrated. All levels are color-coded, labeled directly above each line in white text, and fully customizable in the settings. How It Works — The Conversion Pine Script cannot make external HTTP requests, so GEX data cannot be pulled automatically. Instead, this indicator acts as a precision conversion and visualization layer on top of your preferred GEX data source. Each morning you paste the ETF/index gamma levels from GammaLens into the appropriate input group in the settings. The indicator then fetches the live ETF or index price using request.security(), divides the current futures price by the ETF price to get a live ratio, multiplies every input level by that ratio to convert it to futures terms, and draws each level as a horizontal line anchored via xloc.bar_time — so lines stay locked to their price level regardless of how you scroll or zoom. Setup (30 seconds each morning) Add the indicator to any supported futures chart — it auto-detects the instrument Open GammaLens (gammalens.markets) and look up the matching source: NQ → QQQ | ES → SPX | GC → GLD | SI → SLV Open indicator Settings and find the correct input group for your chart Paste in the gamma levels (Call Wall, Put Wall, HVL, and any GEX levels you want) Lines appear immediately, price-locked and labeled The same settings persist across all four instruments — you only need to fill in the group matching the chart you are currently on. Info Table A small table in the top-right corner dynamically displays the active instrument pair label, live futures price, live ETF/index price, and the calculated ratio — so you can verify the conversion is current and accurate at a glance. Notes Set any level to 0 to hide it. The ratio updates live on every bar, so converted levels drift slightly intraday as the futures/ETF spread moves — this is normal and expected behavior . Best used on intraday timeframes (1m–15m) for daytrading context. This indicator does not calculate GEX internally. It is a visualization layer designed to work with externally sourced data. GammaLens and Barchart offers a free tier covering QQQ, SPX, GLD, and SLV — which maps directly to all four instruments this indicator supports.
Indicator
by cato_kjoita
10
S&P500 ETF Confluence TableS&P500 ETF Confluence Signal Table — Indicator Description This indicator monitors 12 carefully selected ETFs in real time and scores them collectively to determine the directional bias for S&P500 options trading. It displays as a compact table overlay on your chart, updating automatically on every bar close. How the scoring works Each ETF is measured by its % change relative to SPY over a configurable lookback period (default 5 bars). Based on that relative strength, each ETF is assigned one of three states: BULL (+1), BEAR (-1), or NEUTRAL (0). The 12 scores are summed into a total confluence score ranging from -12 to +12. +6 to +12 → Strong bullish confluence — favor call spreads or short puts on SPY/SPX +3 to +5 → Mild bullish lean — cautious calls, smaller size -3 to +3 → Mixed / no edge — stay flat or reduce size significantly -3 to -5 → Mild bearish lean — cautious puts, smaller size -6 to -12 → Strong bearish confluence — favor put spreads or short calls on SPY/SPX The 12 ETFs and what they measure UVXY — Volatility / Fear gauge Measures market fear directly. Rising UVXY = elevated fear = bearish signal for equities. Falling UVXY = calm market = bullish signal. This is the most sensitive indicator in the table and is measured on an absolute basis, not relative to SPY. HYG — High yield credit Junk bonds are the earliest warning system for equity stress. HYG outperforming SPY = credit markets healthy = bullish. HYG diverging lower from SPY = credit stress building = early bearish warning, often before the index itself drops. TLT — 20+ Year Treasury bonds Measures flight-to-safety behavior. TLT surging while equities hold or fall = institutions buying safety = bearish. TLT falling alongside SPY = rates-driven selloff rather than a flight to safety, which changes the options strategy context. UUP — US Dollar index A strengthening dollar pressures multinational earnings and risk assets broadly. UUP rising = headwind for S&P rally = bearish signal. UUP weakening = tailwind for risk assets = bullish signal. BITO — Bitcoin / Risk appetite Crypto acts as a leading edge of risk appetite. BITO outperforming SPY = speculative money flowing into risk = bullish confirmation. BITO collapsing ahead of SPY = early risk-off warning, historically a leading signal for equity pullbacks. ARKK — Speculative / growth breadth Measures the breadth of institutional risk-taking in high-growth names. ARKK leading SPY = liquidity is abundant and risk appetite is wide = bullish. ARKK lagging badly while SPY holds = breadth is narrowing = rally is fragile and high-risk for call buyers. SMH — Semiconductors Semis are the most cyclically sensitive subsector and historically lead S&P500 turns. SMH outperforming XLK = broad tech momentum is healthy = bullish. SMH breaking while XLK holds = early warning that tech is about to roll over. XLK — Technology sector weight Technology represents approximately 30% of the S&P500. XLK leading = the index has its largest engine firing = bullish. XLK lagging = the index is being carried by other sectors, which is a lower-conviction setup for calls. XLY — Consumer Discretionary vs XLP spread This row measures the XLY minus XLP relative strength spread — the single most reliable rotation signal in the table. XLY outperforming XLP = consumers are spending on wants, not just needs = risk-on. XLP outperforming XLY = defensive rotation is underway = reduce call exposure immediately. XLP — Consumer Staples Confirms the XLY rotation signal from the other side. XLP outperforming SPY = institutions are hiding in defensive names = bearish. XLP lagging SPY = no defensive bid = bullish confirmation. XLU — Utilities Rate-sensitive and deeply defensive. XLU surging, especially alongside TLT = flight-to-yield behavior = bearish for growth equities. XLU lagging = no utility bid = market is not in risk-off mode. XLV — Health Care The most stable defensive sector. XLV rotating in while tech and cyclicals fade = late-cycle or risk-off institutional behavior = bearish lean. XLV lagging the broader market = no late-cycle rotation = neutral to bullish context. Special confluence alerts Beyond the score, the table watches for five specific multi-ETF combinations that historically precede strong directional moves: Credit stress (UVXY spiking + HYG falling) — highest conviction bearish setup; consider put spreads immediately Flight to safety (TLT surging + HYG falling) — confirmed risk-off; defensive positioning warranted Breadth divergence (XLY bullish but ARKK lagging) — rally is narrow and fragile; reduce size, do not chase calls Semi leading down (SMH breaking while XLK holds) — early warning; watch for XLK to follow semis lower Clean risk-on (XLP lagging + XLY leading + SMH outperforming) — all three rotation signals aligned bullish; highest conviction call spread setup Practical usage rules Only take directional options trades when 8 or more of 12 signals align in one direction Between 5–7 signals aligned — reduce position size by at least 50% Below 5 signals in either direction — stay flat or sell premium rather than buy directional Always check the ALERT row first — a special confluence condition overrides a borderline score On high-VIX days, prefer spreads over naked directional buying regardless of score — the UVXY signal helps identify this Settings Lookback (bars) — default 5. On a 5-minute chart this equals 25 minutes of relative strength. Increase to 10–20 for smoother, less noisy signals on choppy days Bullish / Bearish threshold (%) — default ±0.3%. Tighten to ±0.15% on low-volatility days for more sensitivity; widen to ±0.5% on high-volatility days to filter noise Table position — move to any corner to suit your chart layout
Indicator
by rianala1188
GFX CISDThis indicator is designed to identify CISD (Change in State of Delivery) with precision and clarity, helping traders visualize shifts in market structure and potential directional bias in real time. Built with a focus on simplicity and accuracy, GFX CISD highlights key moments where price delivery changes, allowing traders to anticipate continuation or reversal setups with confidence. 🔹 Key Features: -Automatic detection of CISD (Change in State of Delivery) -Clean and minimal visual plotting directly on candle opens -Optimized for indices, forex, and commodities -Helps confirm entries alongside displacement and structure -Designed for intraday and scalping strategies 🔹 How to Use: Use CISD signals in confluence with your existing strategy (e.g., VWAP, EMAs, kill zones, or higher timeframe bias). A valid CISD can indicate a shift in delivery, often leading to high-probability setups when aligned with market structure. 🔹 Philosophy: This tool is not meant to be used in isolation. It is built to enhance decision-making, improve timing, and bring clarity to price action.
Indicator
by GeraldHildebrand
Settlement Cycle VWAP Ladder [TechnicalZen]Must have in a technical trader's toolkit! Four volume-weighted anchors stacked across derivatives-expiry horizons for all major markets. What This Is A multi-horizon VWAP reference stack, anchored to the settlement calendar of your chosen market (options and futures expiry dates). Four volume-weighted levels — monthly, weekly, week-to-date, and session — rendered on the price pane with a 20-bar historical table showing how each has evolved. The indicator does NOT guess or lag. It computes hard reference levels from actual volume and price, snaps them to real expiry dates (last Thursday for NSE, third Friday for Europe, etc.), and prints them as step-lines and accumulating curves on your chart. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ What It Does — The Four Ladders Monthly Anchor — N-day VWMA (default 20-day) whose value is snapped on the monthly expiry day and held flat until the next monthly expiry. This is your longest-horizon volume-weighted reference, updating once a month. Weekly Anchor — N-day VWMA (default 5-day) snapped every weekly expiry day. Updates once a week. Between expiries it's a flat step-line — deliberately so, because that's what makes it useful as a reference level. Week-to-Date VWAP — true cumulative VWAP accumulating bar-by-bar through the trading week. Resets the day AFTER weekly expiry (Friday for US / Europe, Monday for NSE Thursday-expiry, Wednesday for BSE Tuesday-expiry). Shows where volume-weighted consensus is building during the current cycle. Session VWAP — classic daily VWAP, resets at each session open. Tightest anchor, your intraday fair-value line. Stacked, these four tell you where price sits relative to volume-weighted consensus at every horizon: intraday → this week → this month → longer term. When price respects all four from one side, you have a strong directional bias. When price oscillates around the tight ones while respecting the wider ones, you have a range. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Market Presets — Derivatives Expiry Conventions Built In Expiry days differ by market. Pick a preset and everything calibrates: US Standard (3rd Friday) — SPX, NDX, S&P options, most index futures US EOM (Last Friday) — SPX / SPY end-of-month options Europe (3rd Friday) — DAX, FTSE 100, EURO STOXX 50, CAC 40, SMI, IBEX 35, AEX India NSE (Last Thursday) — NIFTY, Bank NIFTY, stock futures, stock options India BSE (Last Tuesday) — SENSEX, BANKEX Custom — pick any weekday + "Third" or "Last" rule manually Selecting the right preset sets the weekly snap day, the monthly snap rule (third vs last occurrence in the month), AND the week-start day for the Week-to-Date accumulator — so your "week" aligns with the actual options cycle. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ How to Use It Load with defaults. Pick the market preset that matches your instrument. Read price relative to the four ladders: Above all four = strong volume-weighted uptrend across all horizons Below all four = strong downtrend Mixed (above some, below others) = transitional Oscillating around tight (Session, WTD) while respecting wide (Weekly, Monthly) = range within bigger trend Use the Monthly and Weekly anchors as support / resistance levels — they're where institutions mark to market at expiry. Use the Week-to-Date VWAP as an intra-cycle fair value — price far above it = stretched bullish, far below = stretched bearish. Use the Session VWAP as intraday mean — a classic reversion magnet. Consult the history table for quick reference to recent values of all four, with date headers showing exactly which bar each column represents. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Main Features Six market presets plus Custom mode for any derivatives expiry convention worldwide Four stacked VWAP horizons — monthly, weekly, WTD, session — each independently togglable Session-aware for futures — NQ, ES, CL, GC and other overnight-session instruments correctly identify their trading date via time_close("D"), so Friday's expiry snap lands on Friday even when the session starts Thursday evening Date-headered history table — 20 columns of recent values, auto-formatted (HH:mm on intraday, dd MMM on daily+) Adjustable text sizes — Tiny / Small / Normal / Large / Huge for both data cells and headers Direction-aware colors — each cell and plot line shows bar-over-bar direction at a glance Step-line plots with diamonds for the snapshot-held anchors (Monthly, Weekly); circles for WTD; continuous line for Session Same-timeframe bug resolved — on D charts, VWMAs compute locally to avoid the 1-bar lookahead-off delay that `request.security` introduces; on sub-daily charts, `request.security` uses `lookahead_on` so intraday bars see today's evolving daily VWMA NA guards — anchors never get clobbered by na on the first snap if chart history is short; they simply stay blank until a valid snap fires ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Key Settings Market Preset — dropdown of expiry conventions (see above) Monthly VWMA length (days) — default 20 Weekly VWMA length (days) — default 5 Source — price used for VWMA and cumulative calcs (default close) Show Monthly / Weekly / WTD / Session — four independent plot toggles Show History Table + position + column count Data Cell Text Size / Header/Label Text Size — both adjustable Custom: Monthly Rule — Third or Last (used only when Market Preset = Custom) Custom: Expiry Weekday — Mon / Tue / Wed / Thu / Fri (used only when Market Preset = Custom) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Session-Aware Design Cash equities (TSLA, AAPL, SPY) have a daily bar that sits squarely on the trading date. Futures (NQ, ES, CL) have an overnight session that starts the previous calendar evening. Most VWAP indicators that use `dayofweek(time)` get NQ wrong — they read Friday's session as Thursday because that's when it started. This indicator uses `time_close("D")`, which always resolves to the trading date's session close — correct for both cash equities and overnight-session futures. No manual configuration needed; it just works on whatever symbol you load. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Disclaimer This is a visualization and analytical tool, not financial advice or a signal service. VWAP levels are reference points — they do not guarantee reversals, breakouts, or any specific market behavior. Past price reactions at these levels do not guarantee future ones. Trade with your own risk management. Every trade can lose. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Four volume-weighted anchors. One chart. — TechnicalZen
Indicator
by TechnicalZen
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Link Terkait
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