Dskyz Options Flow Flux (OFF) - Futures

Dskyz Options Flow Flux (OFF) - Futures

*This is a repost due to moderator intervention on use of ™ in my scripts. I'm in the process of getting this rectified. This was originally posted around mid-night CDT.

🧠 The Dskyz Options Flow Flux (OFF) - Futures indicator is a game changer for futures traders looking to tap into institutional activity with limited resources. Designed for TradingView this tool simulates options flow data (call/put volume and open interest) for futures contracts like MNQ MES NQ and ES giving u actionable insights through volume spike detection volatility adjustments and stunning visuals like aurora flux bands and round number levels. Whether u’re a beginner learning the ropes or a pro hunting for an edge this indicator delivers real time market sentiment and key price levels to boost ur trading game

Key Features

⚡ Simulated Options Flow: Breaks down call/put volume and open interest using market momentum and volatility
📈 Spike Detection: Spots big moves in volume and open interest with customizable thresholds
🧠 Volatility Filter: Adapts to market conditions using ATR for smarter spike detection
✨ Aurora Flux Bands: Glows with market sentiment showing u bullish or bearish vibes at a glance
🎯 Round Number Levels: Marks key psychological levels where big players might step in
📊 Interactive Dashboard: Real time metrics like sentiment score and volatility factor right on ur chart
🚨 Alerts: Get notified of bullish or bearish spikes so u never miss a move
How It Works

🧠 This indicator is built to make complex options flow analysis simple even with the constraints of Pine Script. Here’s the step by step:

Simulated Volume Data (Dynamic Split):
Pulls daily volume for ur chosen futures contract (MNQ1! MES1! NQ1! ES1!)
Splits it into call and put volume based on momentum (ta.mom) and volatility (ATR vs its 20 period average)
Estimates open interest (OI) for calls and puts (1.15x for calls 1.1x for puts)
Formula: callRatio = 0.5 + (momentum / close) * 10 + (volatility - 1) * 0.1 capped between 0.3 and 0.7
Why It Matters: Mimics how big players might split their trades giving u a peek into institutional sentiment
Spike Detection:
Compares current volume/OI to short term (lookbackShort) and long term (lookbackLong) averages
Flags spikes when volume/OI exceeds the average by ur set threshold (spikeThreshold for regular highConfidenceThreshold for strong)
Adjusts for volatility so u’re not fooled by choppy markets
Output: optionsSignal (2 for strong bullish -2 for strong bearish 1 for bullish -1 for bearish 0 for neutral)
Why It Matters: Pinpoints where big money might be stepping in
Volatility Filter:
Uses ATR (10 periods) and its 20 period average to calculate a volatility factor (volFactor = ATR / avgAtr)
Scales spike thresholds based on market conditions (volAdjustedThreshold = spikeThreshold * max(1 volFactor * volFilter))
Why It Matters: Keeps ur signals reliable whether the market is calm or wild
Sentiment Score:
Calculates a call/put ratio (callVolume / putVolume) and adjusts for volatility
Converts it to a 0 to 100 score (higher = bullish lower = bearish)
Formula: sentimentScore = min(max((volAdjustedSentiment - 1) * 50 0) 100)
Why It Matters: Gives u a quick read on market bias
Round Number Detection:
Finds the nearest round number (e.g. 100 for MNQ1! 50 for MES1!)
Checks for volume spikes (volume > 3 period SMA * spikeThreshold) and if price is close (within ATR * atrMultiplier)
Updates the top activity level every 15 minutes when significant activity is detected
Why It Matters: Highlights psychological levels where price often reacts
Visuals and Dashboard:
Combines aurora flux bands glow effects round number lines and a dashboard to make insights pop (see Visual Elements below)
Plots triangles for call/put spikes (green/red for strong lime/orange for regular)
Sets up alerts for key market moves
Why It Matters: Makes complex data easy to read at a glance
Inputs and Customization

⚙️ Beginners can tweak these settings to match their trading style while pros can dig deeper for precision:

Futures Symbol (symbol): Pick ur contract (MNQ1! MES1! NQ1! ES1!). Default: MNQ1!
Short Lookback (lookbackShort): Days for short term averages. Smaller = more sensitive. Range: 1+. Default: 5
Long Lookback (lookbackLong): Days for long term averages. Range: 5+. Default: 10
Spike Threshold (spikeThreshold): How big a spike needs to be (e.g. 1.1 = 10% above average). Range: 1.0+. Default: 1.1
High Confidence Threshold (highConfidenceThreshold): For strong spikes (e.g. 3.0 = 3x average). Range: 2.0+. Default: 3.0
Volatility Filter (volFilter): Adjusts for market volatility (e.g. 1.2 = 20% stricter in volatile markets). Range: 1.0+. Default: 1.2
Aurora Flux Transparency (glowOpacity): Controls band transparency (0 = solid 100 = invisible). Range: 0 to 100. Default: 65
Show⁠ Show OFF Dashboard (showDashboard): Toggles the dashboard with key metrics. Default: true
Show Nearest Round Number (showRoundNumbers): Displays round number levels. Default: true
ATR Multiplier for Proximity (atrMultiplier): How close price needs to be to a round number (e.g. 1.5 = within 1.5x ATR). Range: 0.5+. Default: 1.5
Functions and Logic

🧠 Here’s the techy stuff pros will love:

Simulated Volume Data: Splits daily volume into call/put volume and OI using momentum and volatility
Volatility Filter: Scales thresholds with volFactor = atr / avgAtr for adaptive detection
Spike Detection: Flags spikes and assigns optionsSignal (2, -2, 1, -1, 0) for sentiment
Sentiment Score: Converts call/put ratio into a 0-100 score for quick bias reads
Round Number Detection: Identifies key levels and significant activity for trading zones
Dashboard Display: Updates real time metrics like sentiment score and volatility factor
Visual Elements

✨ These visuals make data come alive:

Gradient Background: Green (bullish) red (bearish) or yellow (neutral/choppy) at 95% transparency to show trend
Aurora Flux Bands: Stepped bands (linewidth 3) around a 14 period EMA ± ATR * 1.8. Colors shift with sentiment (green red lime orange gray) with glow effects at 85% transparency
Round Number Visualization: Stepped lines (linewidth 2) at key levels (solid if active dashed if not) with labels (black background white text size.normal)
Visual Signals: Triangles above/below bars for spikes (size.small for strong size.tiny for regular)
Dashboard: Bottom left table (2 columns 10 rows) with a black background (29% transparency) gray border and metrics:
⚡ Round Number Activity: “Detected” or “None”
📈 Trend: “Bullish” “Bearish” or “Neutral” (colored green/red/gray)
🧠 ATR: Current 10 period ATR
📊 ATR Avg: 20 period SMA of ATR
📉 Volume Spike: “YES” (green) or “NO” (red)
📋 Call/Put Ratio: Current ratio
✨ Flux Signal: “Strong Bullish” “Strong Bearish” “Bullish” “Bearish” or “Neutral” (colored green/red/gray)
⚙️ Volatility Factor: Current volFactor
📈 Sentiment Score: 0-100 score
Usage and Strategy Recommendations

🎯 For Beginners: Use high confidence spikes (green/red triangles) for easy entries. Check the dashboard for a quick market read (sentiment score above 60 = bullish below 40 = bearish). Watch round number levels for support/resistance

💡 For Pros: Combine flux signals with round number activity for high probability setups. Adjust lookbackShort/lookbackLong for trending vs choppy markets. Use volFactor for position sizing (higher = smaller positions)