Option Strategy Chart(multi insruments)

Option Strategy Charts(Multi-Instrument) - Analysis Tool with Technical Indicators

SHORT DESCRIPTION
Advanced option strategy analysis tool for NSE F&O traders. Chart your Straddle, Strangle, Spreads, and Iron Condor strategies with built-in VWAP, Supertrend, and Moving Averages. Supports NIFTY, BANKNIFTY, FINNIFTY, MIDCPNIFTY, and 50+ F&O stocks. Real-time data table shows individual strike prices, RSI, ADX, ATR, and trend signals. 12 customizable alerts included. Transform complex multi-leg strategies into clean, chartable price series for professional technical analysis.

FULL DESCRIPTION (For invite-only access)
Professional Options Strategy Analysis
Option Strategy Charts is a comprehensive technical analysis tool designed exclusively for serious options traders on NSE. This indicator transforms complex multi-leg option strategies into clean, professional price charts with institutional-grade technical analysis.

What This Tool Does
This indicator creates a synthetic price chart from your selected option strategy, enabling you to:
Visualize Strategy Performance - See your entire position as a single price chart
Apply Technical Analysis - Use VWAP, Supertrend, and Moving Averages on your strategy
Monitor Individual Strikes - Track each option leg's price in real-time
Receive Smart Alerts - Get notified on trend changes, crossovers, and key signals
Analyze Multiple Instruments - Switch between indices and stocks seamlessly

📈 Supported Instruments
Indices (4)

NIFTY - Weekly expiries, high liquidity
BANKNIFTY - Higher premiums, more volatility
FINNIFTY - Tuesday expiries, financial sector
MIDCPNIFTY - Monday expiries, mid-cap exposure

Stocks (50+)
Banking, IT, Auto, Pharma, FMCG, Metals, and more including:
RELIANCE, TCS, HDFCBANK, INFY, ICICIBANK, HINDUNILVR, ITC, MARUTI, SUNPHARMA, TATASTEEL, and 40+ others

Supported Strategies

Straddle - Long ATM Call + Long ATM Put
Use Case: High volatility plays, event trading
Best For: Earnings, policy decisions, major news

Strangle - Long OTM Call + Long OTM Put
Use Case: Lower cost volatility plays
Best For: Moderate volatility expectations

Call Spread - Long Call + Short Call
Use Case: Bullish directional plays with defined risk
Best For: Trending markets, lower capital

Put Spread - Long Put + Short Put
Use Case: Bearish directional plays with defined risk
Best For: Downtrends, hedging positions

Iron Condor - 4-leg range-bound strategy
Use Case: Premium collection in range markets
Best For: Low volatility, time decay strategies

Iron Butterfly - Short straddle + Long strangle
Use Case: Tight range premium collection
Best For: Very low volatility environments

Custom Strategy - Build any 4-leg strategy
Use Case: Ratio spreads, butterflies, exotic setups
Best For: Advanced traders, specific market views


Built-in Technical Indicators
VWAP (Volume Weighted Average Price)
Anchoring Options: Session, Week, Month, Quarter, Year
Source Selection: Close, HL2, HLC3, OHLC4
Standard Deviation Bands: Customizable multiplier (default: 2.0)
Visual Elements: Shaded band area for quick interpretation
Use Case: Mean reversion trades, support/resistance identification

Supertrend
ATR-Based Trend Detection: Precise trend identification
Customizable Parameters: Period (default: 10) and Multiplier (default: 3.0)
Visual Signals: Green line (uptrend), Red line (downtrend)
Table Integration: Shows current signal (BULLISH ▲ / BEARISH ▼)
Use Case: Trend following, entry/exit timing

Moving Averages (Up to 3)
Type Selection: EMA or SMA for each MA
Default Periods: 9, 21, 50 (fully customizable)
Independent Toggles: Enable only what you need
Crossover Alerts: Automatic signal detection
Use Case: Trend confirmation, momentum analysis


Real-Time Data Table
The professional data table displays:
Position Information:

Instrument name (NIFTY, BANKNIFTY, Stock symbol)
Strategy type (Straddle, Iron Condor, etc.)
Strategy LTP (combined premium value)
Individual strike prices with color coding (CE in blue, PE in orange)

Technical Indicators:
RSI: Momentum indicator with overbought/oversold color coding
ADX: Trend strength measurement (>25 = strong trend)
+DI: Positive directional indicator (green)
-DI: Negative directional indicator (red)
ATR: Volatility measurement (orange)
Supertrend: Current trend status with signal

Customization:
Position: Top-left, Top-right, Bottom-left, Bottom-right
Font Size: Tiny, Small, Normal, Large, Huge
All values color-coded for instant interpretation


Comprehensive Alert System
12 Alert Conditions Available:

Trend Alerts:
Supertrend: Bullish Signal (trend reverses to uptrend)
Supertrend: Bearish Signal (trend reverses to downtrend)

Momentum Alerts:
3. RSI: Overbought (>70) - potential reversal zone
4. RSI: Oversold (<30) - potential bounce zone
Moving Average Signals:
5. MA Crossover: Bullish (MA1 crosses above MA2)
6. MA Crossover: Bearish (MA1 crosses below MA2)
VWAP Signals:
7. VWAP: Price Above (strategy crosses above VWAP)
8. VWAP: Price Below (strategy crosses below VWAP)
Trend Strength:
9. ADX: Strong Trend (>25) - trend gaining strength
10. ADX: Weak Trend (<25) - consolidation likely
Confluence Signals:
11. Strong Buy Signal (Supertrend bullish + RSI < 50)
12. Strong Sell Signal (Supertrend bearish + RSI > 50)
Alert Features:

Customizable messages with placeholders
Multiple notification types (popup, email, SMS, webhook)
Frequency control (once per bar, every tick)

Key Features & Benefits
Clean Interface

No cluttered status line - all inputs hidden by default
Professional appearance for screenshots and presentations
Minimalist data table - shows only essential information
Chart type options: Candlestick or Line

Instrument Flexibility
Quick switching between NIFTY, BANKNIFTY, FINNIFTY, MIDCPNIFTY
Support for 50+ F&O stocks
One indicator works for all instruments
No need for multiple scripts

Technical Analysis Integration
All indicators calculate on strategy OHLC, not underlying
Standard TradingView color customization via Style tab
Compatible with TradingView's replay feature for backtesting
Clean price scaling (shows actual ₹ premium values)

Smart Defaults
Indicators disabled by default - enable only what you need
Sensible default parameters based on best practices
Tooltips and guidance throughout settings
Easy configuration for beginners, powerful for experts


How to Use
Step 1: Select Your Instrument
Settings → Instrument Selection

Choose Type: Index or Stock
Select Instrument: NIFTY, BANKNIFTY, or specific stock

Step 2: Configure Strategy
Settings → Contract

Set expiry date (YY-MM-DD format)
Choose strategy type (Straddle, Spread, etc.)
Enter strike prices

Step 3: Enable Indicators (Optional)
Settings → VWAP / Supertrend / Moving Averages

Toggle on desired indicators
Customize parameters
All disabled by default for clean starting point

Step 4: Customize Display
Settings → Data Table

Choose table position
Adjust font size
Configure indicator periods

Step 5: Set Up Alerts

Click Alert button
Select from 12 alert conditions
Customize notification preferences


Important Information
Data Requirements

TradingView subscription must include NSE F&O data
Real-time data recommended for accurate signals
Historical data available for backtesting

Strike Selection

Use NSE option chain to verify strike availability
Stick to liquid strikes (high volume/OI)
Match strike intervals to instrument type

Expiry Dates

Format: YY-MM-DD (e.g., 26-02-10 for Feb 10, 2026)
Verify expiry calendar on NSE website
Weekly vs Monthly expiries vary by instrument

Strategy Construction

Straddle/Strangle: Both legs must have data
Spreads: Long and Short strikes must be valid
Iron Condor: All 4 strikes must exist
Custom: Use +/- quantities correctly (+Buy, -Sell)


Risk Disclosure & Disclaimer
Educational Purpose: This indicator is provided for educational and analytical purposes only. It is not financial advice.
No Trading Execution: This tool analyzes strategies but does not execute trades. All trade execution must be done through your broker.
Options Risk: Options trading involves substantial risk of loss and is not suitable for all investors. You can lose your entire investment.
No Guarantees: Past performance of any trading system or methodology is not indicative of
future results.

User Responsibility: Users must:
Understand options trading risks thoroughly
Conduct independent research and analysis
Use appropriate risk management
Consider their financial situation and risk tolerance
Consult with qualified financial advisors

Data Accuracy: While we strive for accuracy, real-time data depends on TradingView's feed. Always verify option prices with NSE before trading.
No Liability: The creator assumes no liability for trading losses or decisions made using this indicator.