NSE Multi-Position Straddle Tracker

This indicator is designed for traders who manage multi-strike short straddles and want a clear, real-time view of their position behaviour, P&L dynamics, and directional bias exposure.
It helps you track how your strikes evolve, how far price has moved from your chosen center, and how your position behaves when additional lots are added on a biased side.

What This Indicator Does

• Tracks ATM and multiple OTM strikes used in a short straddle
• Monitors combined premium behavior
• Shows P&L changes when adjusting or adding biased-side lots
• Visualizes trend zones using ATR-based movement logic
• Helps identify when a short straddle begins to stretch beyond acceptable volatility

ATR Settings That Performed Best in Testing

During forward-testing, the most stable performance was found using:
• 15-minute timeframe
• Slow ATR Length: 100
• Slow ATR Multiplier: 2

This combination provides smoother volatility zones and clearer trend transitions.
It works best for traders comfortable with slightly higher risk in exchange for stronger trend tracking.

Where This Helps You Most

• Managing multi-strike short straddles
• Tracking directional deviation when the market leans
• Monitoring when to defend, adjust, or book profits
• Identifying safe vs unsafe volatility pockets

Transparency Note

This is not a signal generator and is not meant to replace your trading plan.
It is a position-awareness and volatility-mapping tool.
Use it to understand how your short straddle breathes as the market moves.

Recommended Usage

• Best on NIFTY / BANKNIFTY / FINNIFTY
• Works well for intraday and positional short-straddle traders
• Ideal when used with strict risk management and predefined exit logic

Final Thought

If you use multi-strike short straddles, this indicator becomes a simple dashboard for seeing what’s happening beneath your trades — the tension, the drift, and the breathing room