OPEN-SOURCE SCRIPT
AshishBediSPL
This Pine Script indicator, "AshishBediSPL," is designed to help you visualize and analyze the combined premium of a short straddle strategy using Call and Put options. It fetches real-time and historical data for your chosen index or stock (NIFTY, BANKNIFTY, FINNIFTY, MIDCPNIFTY, SENSEX, BANKEX, or RELIANCE) and a specified expiry date and strike price.
You can opt to view the combined premium of both Call and Put options, or analyze just the Call or Put premium individually. The indicator then allows you to overlay and generate trading signals based on a selection of popular technical indicators, including:
EMA Crossover: Identify trend changes with configurable fast and slow Exponential Moving Averages.
Supertrend: Determine the prevailing trend direction and potential reversal points.
VWAP (Volume Weighted Average Price): Track the average price traded based on volume, resetting daily.
RSI (Relative Strength Index): Gauge momentum and potential overbought/oversold conditions (note: RSI buy/sell logic is set to trigger on overbought/oversold levels, which can be interpreted for contrarian or trend-following strategies depending on your approach).
SMA (Simple Moving Average): Smooth price data to identify support and resistance.
The indicator plots the combined premium as a dynamic line, changing color based on its opening and closing values. Buy and Sell signals are clearly marked on the chart, and you can set up alerts to notify you of these trading opportunities.
This tool is ideal for traders looking to monitor straddle premiums and integrate multiple indicator-based signals into their analysis.
You can opt to view the combined premium of both Call and Put options, or analyze just the Call or Put premium individually. The indicator then allows you to overlay and generate trading signals based on a selection of popular technical indicators, including:
EMA Crossover: Identify trend changes with configurable fast and slow Exponential Moving Averages.
Supertrend: Determine the prevailing trend direction and potential reversal points.
VWAP (Volume Weighted Average Price): Track the average price traded based on volume, resetting daily.
RSI (Relative Strength Index): Gauge momentum and potential overbought/oversold conditions (note: RSI buy/sell logic is set to trigger on overbought/oversold levels, which can be interpreted for contrarian or trend-following strategies depending on your approach).
SMA (Simple Moving Average): Smooth price data to identify support and resistance.
The indicator plots the combined premium as a dynamic line, changing color based on its opening and closing values. Buy and Sell signals are clearly marked on the chart, and you can set up alerts to notify you of these trading opportunities.
This tool is ideal for traders looking to monitor straddle premiums and integrate multiple indicator-based signals into their analysis.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.