0DTE Credit Spreads Indicator

This indicator is designed for SPX traders operating on the 15-minute timeframe, specifically targeting 0 Days-to-Expiration (0DTE) options with the intention to let them expire worthless.
It automatically identifies high-probability entry points for Put Credit Spreads (PCS) and Call Credit Spreads (CCS) by combining intraday price action with a custom volatility filter.
Key Features:
Optimized exclusively for SPX on the 15-minute chart.
Intraday volatility conditions adapt based on real-time VIX readings, allowing credit expectations to adjust to market environment.
Automatic visual labeling of PCS and CCS opportunities.
Built-in stop loss level display for risk management.
Optional same-day PCS/CCS signal allowance.
Fully adjustable colors and display preferences.
How It Works (Concept Overview):
The script monitors intraday momentum, relative volatility levels, and proprietary pattern recognition to determine favorable spread-selling conditions.
When conditions align, a PCS or CCS label appears on the chart along with a stop loss level.
VIX is used at the moment of signal to estimate the ideal option credit range.
Recommended Use:
SPX only, 15-minute timeframe.
Intended for 0DTE options held to expiration, though you may take profits earlier based on your own strategy.
Works best during regular US market hours.
Disclaimer:
This script is for informational and educational purposes only and is not financial advice. Trading options carries risk. Always perform your own analysis before entering a trade.
This indicator is designed for SPX traders operating on the 15-minute timeframe, specifically targeting 0 Days-to-Expiration (0DTE) options with the intention to let them expire worthless.
It automatically identifies high-probability entry points for Put Credit Spreads (PCS) and Call Credit Spreads (CCS) by combining intraday price action with a custom volatility filter.
Key Features:
Optimized exclusively for SPX on the 15-minute chart.
Intraday volatility conditions adapt based on real-time VIX readings, allowing credit expectations to adjust to market environment.
Automatic visual labeling of PCS and CCS opportunities.
Built-in stop loss level display for risk management.
Optional same-day PCS/CCS signal allowance.
Fully adjustable colors and display preferences.
How It Works (Concept Overview):
The script monitors intraday momentum, relative volatility levels, and proprietary pattern recognition to determine favorable spread-selling conditions.
When conditions align, a PCS or CCS label appears on the chart along with a stop loss level.
VIX is used at the moment of signal to estimate the ideal option credit range.
Recommended Use:
SPX only, 15-minute timeframe.
Intended for 0DTE options held to expiration, though you may take profits earlier based on your own strategy.
Works best during regular US market hours.
Disclaimer:
This script is for informational and educational purposes only and is not financial advice. Trading options carries risk. Always perform your own analysis before entering a trade.
This indicator is designed for SPX traders operating on the 15-minute timeframe, specifically targeting 0 Days-to-Expiration (0DTE) options with the intention to let them expire worthless.
It automatically identifies high-probability entry points for Put Credit Spreads (PCS) and Call Credit Spreads (CCS) by combining intraday price action with a custom volatility filter.
Key Features:
Optimized exclusively for SPX on the 15-minute chart.
Intraday volatility conditions adapt based on real-time VIX readings, allowing credit expectations to adjust to market environment.
Automatic visual labeling of PCS and CCS opportunities.
Built-in stop loss level display for risk management.
Optional same-day PCS/CCS signal allowance.
Fully adjustable colors and display preferences.
How It Works (Concept Overview):
The script monitors intraday momentum, relative volatility levels, and proprietary pattern recognition to determine favorable spread-selling conditions.
When conditions align, a PCS or CCS label appears on the chart along with a stop loss level.
VIX is used at the moment of signal to estimate the ideal option credit range.
Recommended Use:
SPX only, 15-minute timeframe.
Intended for 0DTE options held to expiration, though you may take profits earlier based on your own strategy.
Works best during regular US market hours.
Disclaimer:
This script is for informational and educational purposes only and is not financial advice. Trading options carries risk. Always perform your own analysis before entering a trade.
11 hours ago
Release Notes
Description:
This indicator is designed for SPX traders operating on the 15-minute timeframe, specifically targeting 0 Days-to-Expiration (0DTE) options with the intention to let them expire worthless.
It automatically identifies high-probability entry points for Put Credit Spreads (PCS) and Call Credit Spreads (CCS) by combining intraday price action with a custom volatility filter.
Key Features:
Optimized exclusively for SPX on the 15-minute chart.
Intraday volatility conditions adapt based on real-time VIX readings, allowing credit expectations to adjust to market environment.
Automatic visual labeling of PCS and CCS opportunities.
Built-in stop loss level display for risk management.
Optional same-day PCS/CCS signal allowance.
Fully adjustable colors and display preferences.
How It Works (Concept Overview):
The script monitors intraday momentum, relative volatility levels, and proprietary pattern recognition to determine favorable spread-selling conditions.
When conditions align, a PCS or CCS label appears on the chart along with a stop loss level.
VIX is used at the moment of signal to estimate the ideal option credit range.
Recommended Use:
SPX only, 15-minute timeframe.
Intended for 0DTE options held to expiration, though you may take profits earlier based on your own strategy.
Works best during regular US market hours.
Disclaimer:
This script is for informational and educational purposes only and is not financial advice. Trading options carries risk. Always perform your own analysis before entering a trade.
Update 080152025
Moved SL line to end at end of trading day
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Script su invito
Solo gli utenti approvati dall'autore possono accedere a questo script. È necessario richiedere e ottenere l'autorizzazione per utilizzarlo. Tale autorizzazione viene solitamente concessa dopo il pagamento. Per ulteriori dettagli, seguire le istruzioni dell'autore riportate di seguito o contattare direttamente benwo.
TradingView NON consiglia di pagare o utilizzare uno script a meno che non ci si fidi pienamente del suo autore e non si comprenda il suo funzionamento. Puoi anche trovare alternative gratuite e open-source nei nostri script della comunità.
Istruzioni dell'autore
Attenzione: prima di richiedere l'accesso, leggi la nostra guida per gli script su invito.