Options Volume Profile

21 apr

Options Volume Profile
Introduction
Unlock institutional-level options analysis directly on your charts with Options Volume Profile - a powerful tool designed to visualize and analyze options market activity with precision and clarity. This indicator bridges the gap between technical price action and options flow, giving you a comprehensive view of market sentiment through the lens of options activity.
What Is Options Volume Profile?
Options Volume Profile is an advanced indicator that analyzes call and put option volumes across multiple strikes for any symbol and expiration date available on TradingView. It provides a real-time visual representation of where money is flowing in the options market, helping identify potential support/resistance levels, market sentiment, and possible price targets.
Key Features
Comprehensive Options Data Visualization

Dynamic strike-by-strike volume profile displayed directly on your chart
Real-time tracking of call and put volumes with custom visual styling
Clear display of important value areas including POC (Point of Control)
Value Area High/Low visualization with customizable line styles and colors

BK Daily Range Identification

Secondary lines marking significant volume thresholds
Visual identification of key strike prices with substantial options activity

Value Area Cloud Visualization

Configurable cloud overlays for value areas
Enhanced visual identification of high-volume price zones

Detailed Summary Table

Complete breakdown of call and put volumes per strike
Percentage analysis of call vs put activity for sentiment analysis
Color-coded volume data for instant pattern recognition
Price data for both calls and puts at each strike

Custom Strike Selection

Configure strikes above and below ATM (At The Money)
Flexible strike spacing and rounding options
Custom base symbol support for various options markets

Use Cases
1. Identifying Key Support & Resistance
Visualize where major options activity is concentrated to spot potential support and resistance zones. The POC and Value Area lines often act as magnets for price.
2. Analyzing Market Sentiment
Compare call versus put volume distribution to gauge directional bias. Heavy call volume suggests bullish sentiment, while heavy put volume indicates bearish positioning.
3. Planning Around Institutional Activity
Volume profile analysis reveals where professional traders are positioning themselves, allowing you to align with or trade against smart money.
4. Setting Precise Targets
Use the POC and Value Area High/Low lines as potential profit targets when planning your trades.
5. Spotting Unusual Options Activity
The color-coded volume table instantly highlights anomalies in options flow that may signal upcoming price movements.
Customization Options
The indicator offers extensive customization capabilities:

Symbol & Data Settings: Configure base symbol and data aggregation
Strike Selection: Define number of strikes above/below ATM
Expiration Date Settings: Set specific expiry dates for analysis
Strike Configuration: Customize strike spacing and rounding
Profile Visualization: Adjust offset, width, opacity, and height
Labels & Line Styles: Fully configurable text and visual elements
Value Area Settings: Customize POC and Value Area visualization
Secondary Line Settings: Configure the BK Daily Range appearance
Cloud Visualization: Add colored overlays for enhanced visibility

How to Use

Apply the indicator to your chart
Configure the expiration date to match your trading timeframe
Adjust strike selection and spacing to match your instrument
Use the volume profile and summary table to identify key levels
Trade with confidence knowing where the real money is positioned

Perfect for options traders, futures traders, and anyone who wants to incorporate institutional-level options analysis into their trading strategy.
Take your trading to the next level with Options Volume Profile - where price meets institutional positioning.

21 apr

Note di rilascio

Release Notes
MInor bug fix
- bar lengths were based on single largest volume not largest total volume at strike so fixed that calculation and a few other minor cosmetic bugs

21 apr

Note di rilascio

Added some more cosmetic changes to the chart.
Added total volume next to the strike price of the volume bars

21 apr

Note di rilascio

Added ability to be used on SPX
updated more color schemes

21 apr

Note di rilascio

Whoops last update made it so it ONLY worked on SPX. Fixed that so now it works on all tickers

22 apr

Note di rilascio

Made a lot of cosmetic changes to the table as well as the volume bars. Worked on the usability on SPX still a little bit of a ways to go some issues there.

22 apr

Note di rilascio

Didn't realize it would take on the testing name as the short title. Same code just different short title

23 apr

Note di rilascio

Added new column to show POC and ATM and took of row highlighting so we can see the visual of the colors on those rows

23 apr

Note di rilascio

Complete revamp of the summary table

28 apr

Note di rilascio

Some cosmetic changes. Moved the labels next to volume bars closer so easier to see. Fixed the conditional coloring in the table

29 apr

Note di rilascio

Added functionality to select to automatically use the current day for expiry

30 apr

Note di rilascio

Added market sentiment to the volume table

30 apr

Note di rilascio

Provided functionality to change the size of the tables and also move some of the info out of the volume table to be easier to read

30 apr

Note di rilascio

Updated the Skew calculation

30 apr

Note di rilascio

Updated the market sentiment calculation

30 apr

Note di rilascio

Revamped Total Implied Move

1 mag

Note di rilascio

Added functionality to show or hide each table separately and changed formula for total implied move

1 mag

Note di rilascio

Added a horizontal line for #1 call and #1 put

1 mag

Note di rilascio

Updated the background of top call and top put in volume table to be more readable. Also worked on market sentiment calculation

2 mag

Note di rilascio

Added a lot more points of data into the info table. I also added lines for expected move but I can't test them since market isn't open and they won't work on historical data so may need to debug in the morning. Setting default to false

2 mag

Note di rilascio

Some bug fixes to info table as well as adding net change to bias

2 mag

Note di rilascio

Some bug fixes

4 mag

Note di rilascio

working on bug with tables not showing when unchecking good for now but need to fix more

4 mag

Note di rilascio

Added functionality to be able to be used on white background

4 mag

Note di rilascio

Changed up the organization of the info table and modified some calcs slightly

4 mag

Note di rilascio

quick bug fix had to refix the table toggle settings