DokterWolf's NASDAQ Scalper TP/SLDokterWolf's NASDAQ Scalper TP/SL
Description
A fast indicator for NASDAQ scalpers to set Take Profit (TP) and Stop Loss (SL) levels with ease. Plots high/low pivots and up to 20 customizable levels with dollar values ($2 per point for /MNQ micro-contracts). Designed for quick risk management in fast-paced trades.
How to Use
Adjust Levels: Defaults from 10 to 200 points. Use smaller values (e.g., 2.0, 5.0) for tight scalps.
Contracts: Set the number of micro-contracts (e.g., 10 points = $20 for 1 contract).
Pivots: High/low pivots highlight key levels (20-bar lookback, adjustable).
Chart: Toggle levels/labels for a clean view. Best on /MNQ, 1-5 minute timeframes.
Screenshot
The screenshot shows the indicator on a /MNQ 1-minute chart with TP/SL levels set at ±5 points, displaying dollar values (e.g., "+5 ($10)"). High/low pivots and the current price line are also visible for quick reference.
Notes
Invite-Only: Exclusive access—contact me to join!
Tested on /MNQ. Results may vary on other instruments.
No performance guarantees; always use your own analysis.
Updates planned. Feedback welcome!
Credits
Created by DokterWolf for my scalping community. Built for traders who value speed and precision.
Disclaimer
This is a trading tool, not financial advice. Trade responsibly and understand the risks.
Options
Dhokiya's Research Analyst-Chetan DhokiyaDescription of "Dhokiya's Research Analyst - Chetan Dhokiya"
Overview: The "Dhokiya's Research Analyst" script is designed for traders who want to identify key price levels based on the first 5-minute candle of the trading day. This script operates within the Indian stock market's trading hours, specifically from 9:15 AM to 3:25 PM. It calculates and visualizes upper and lower price levels derived from the closing price of the first 5-minute candle, providing traders with potential support and resistance levels for the day.
Key Features:
Market Timing: The script is programmed to recognize the market's opening and closing times, ensuring that it only operates during active trading hours.
First 5-Minute Candle Identification: The script identifies the first 5-minute candle of the trading day, which is crucial for setting the day's initial price levels.
Dynamic Level Calculation: It calculates two key levels based on the closing price of the first 5-minute candle:
Upper Level: Set at 0.09% above the closing price of the first candle.
Lower Level: Set at 0.09% below the closing price of the first candle.
Visual Representation: The script draws horizontal lines on the chart to represent the upper and lower levels, allowing traders to easily visualize these critical price points. The upper level is indicated with a green line, while the lower level is shown with a red line.
Line Extension: The lines are dynamically extended throughout the trading day until the market closes at 3:25 PM, providing continuous reference points for traders.
How to Use:
Setup: Add the script to your trading platform during the market hours. Ensure that you are viewing a 5-minute chart for optimal results.
Trading Strategy: Use the upper and lower levels as potential entry and exit points. Traders may consider buying above the upper level and selling below the lower level, depending on market conditions and additional analysis.
Risk Management: Always incorporate risk management strategies when trading around these levels, as price action can be volatile.
Underlying Concepts:
The script leverages the concept of the first candle's price action to establish a framework for the day's trading. The rationale is that the initial price movement can set the tone for the rest of the trading day.
By calculating levels slightly above and below the first candle's close, the script aims to capture potential breakout and reversal points, which are critical for day trading strategies.
Conclusion: "Dhokiya's Research Analyst" is a valuable tool for traders looking to enhance their intraday trading strategies. By focusing on the first 5-minute candle and establishing key price levels, this script provides a structured approach to navigating the market's daily fluctuations. Traders are encouraged to combine these levels with other technical analysis tools and indicators for a comprehensive trading strategy.
0.09 Version Strategy Indicator by Dhokiya's Research Analyst
Mobile - 7575065656
Website - dhokiyas.com/
Email - care@dhokiyas.com
Support & Resitance [Dakon]Support & Resistance
The Support & Resistance indicator is designed to help traders identify key support and resistance levels in their trades, using pivot points and support/resistance zones. This indicator assists in finding important price levels that can act as critical areas for decision-making in trading.
Key Features:
Support and Resistance: The indicator draws key support and resistance levels on the chart, helping you easily identify important price zones.
Support/Resistance Zones: It provides the ability to draw support and resistance zones around the key levels, with adjustable width based on a percentage of the highest/lowest range in a given period.
Sensitivity Adjustment: The sensitivity of support and resistance levels can be customized to fit your trading strategy.
Line Style Options: Choose from different line styles such as Solid, Dotted, or Dashed for visual preference.
Auto Expand: Option to enable the expansion of support and resistance levels, allowing them to remain visible on the chart even as time progresses.
High and Low Zones: Display support and resistance zones around the high/low price levels in a specified period.
Settings:
Up Color: Choose the color for support levels.
Down Color: Choose the color for resistance levels.
SR On/Off: Enable or disable support and resistance level plotting.
Zones On/Off: Toggle the support/resistance zone display.
Expand SR: Enable or disable the expansion of support and resistance levels.
S/R Sensitivity: Adjust the sensitivity of support and resistance levels.
Line Style: Select from Solid, Dotted, or Dashed line styles.
Line Width: Adjust the line width for support and resistance levels.
Zone Width: Adjust the width of the support and resistance zones.
How to Use:
This indicator can be used on any time frame and is easy to incorporate into your trading strategy to identify potential entry and exit points.
To optimize the indicator, adjust the sensitivity settings to align with your trading style.
The Support & Resistance indicator is a useful tool for traders looking to accurately pinpoint support and resistance levels, improving trading performance by leveraging critical price zones.
Market Sessions & LevelsOverview
This Pine Script indicator identifies key trading levels and market sessions, making it easier for traders to analyze price movements. It highlights the previous day's high and low, tracks premarket price action, and marks the first 5-minute high and low after the market opens.
Features
✅ Identifies Market Sessions:
Pre-Market Session (4:30 AM - 9:30 AM EST)
Regular Market Session (9:30 AM - 4:00 PM EST)
✅ Tracks Key Levels:
Previous Day’s High & Low
Premarket High & Low
First 5-Minute High & Low after market open
✅ Visual Cues for Easy Analysis:
Plots horizontal lines for each level with distinct colors
Displays labels for key price levels on the chart
How It Helps Traders
📊 Pre-Market Preparation: Helps traders spot key resistance/support levels before the market opens.
🚀 Momentum Trading: The first 5-minute high/low can act as breakout or reversal zones.
📉 Historical Price Context: Uses the previous day's high/low to gauge market sentiment.
Customization
The script can be easily modified to adjust session timings, colors, or additional levels based on your trading strategy.
💡 How to Use:
Apply the script to a 1-minute or 5-minute chart for the most accurate premarket and first 5-minute tracking.
Look for price reactions at the plotted levels to determine potential trade setups.
Uday Samant Scalping SetupThis Is scalping setup use for Bank nifty options buying...
Price always moves around VWAP, Fractal give us potential reversal signal.
In this setup take entry next to fractal and Target at VWAP or 20 EMA which ever next to fractal.
5-Minute ORB High/Low LinesThis indicator will automatically populate horizontal lines at the 5 Minute Opening Range Bar High and Low Levels along with providing a signal (arrow green if confirmed above ORB high level, and red if confirmed below ORB Low Level) on the 1 minute chart showing where the candle breaks AND confirms beyond the ORB Levels. This arrow is a signal to then observe and wait for price to retest the ORB level, which upon strong price action on a retest, you can then look to enter your position (Calls if break and retest above ORB High level (Green line) or PUTS if breaks and retests below ORB Low Level (Red Line).
5-Minute ORB High/Low LinesThis is a simple, but effective indicator that will automatically provide the 5 Minute Opening Range Bar High and Low Levels. After doing so, it will provide an "arrow" above or below the first 1 minute candle that breaks/confirms beyond the level (whether its above the ORB High, or below the ORB Low). This arrow is a signal that then tells us to watch the price action and WAIT for a retest of the ORB Level that is just broke through. Upon a retest, once you've identified that price is holding strong beyond the ORB Level, you can then enter your trade (CALLS if holding above ORB High Level - PUTS if holding below ORB low level). THIS IS NOT A GUARANTEED WIN! YOU MUST MANAGE RISK ACCORDINGLY. USE YOUR STOP LOSS!
vidya only apply on option chartapply on option chart for 5 min with white line sl and target line upward and trail
Straddle Plot with VWAP and Daily 20 EMA📄 Description
The Straddle Plot with VWAP and Daily 20 EMA is a powerful visualization tool designed for options traders using straddle strategies on instruments like NIFTY, BANKNIFTY, and others.
This indicator dynamically fetches and displays the combined price action of Call (CE) and Put (PE) option premiums for up to three strike prices of the same expiry. It helps traders monitor premium trends, premium imbalance, and market bias in real time.
✅ Features
Plots Combined Option Premium Candles (Straddle OHLC)
Plots Individual CE, PE & Straddle Lines
Dynamic Symbol Construction based on expiry date and selected strike prices
VWAP Line calculated on combined straddle premiums
Daily 20 EMA for trend filtering
Real-Time Table showing:
Strike Prices used
VWAP
Call/Put/Straddle values
20 EMA
CE/PE dominance ("Call Up", "Put Up", or "Same")
📌 How to Use
Select the desired underlying (e.g., NIFTY, BANKNIFTY).
Enter the expiry date and strike prices of interest.
The script will auto-fetch and combine the OHLC data for each Call and Put option.
Observe the plotted candles and table to:
Spot changes in combined premium behavior.
Analyze VWAP/EMA deviations.
Identify if Calls or Puts are leading in premium movement.
📊 How to Interpret Trends
This indicator includes logic to compare Call (CE) and Put (PE) premiums to determine short-term market bias:
"Call Up" (🟢): Call premium is greater than Put
→ Indicates a possible bullish sentiment.
"Put Up" (🔴): Put premium is greater than Call
→ Indicates a possible bearish sentiment.
"CE/PE Same" (⚪): Both premiums are roughly equal
→ Indicates a sideways or uncertain market.
These are shown in the table under the label "CE/PE Up", helping traders act faster without analyzing price alone.
💡 Best For
Intraday and positional options traders
Users executing straddle or strangle strategies
Those looking to monitor premium buildups and breakouts
⚠️ Important Notes
Ensure the selected strike prices are liquid and available on TradingView (NSE symbols).
The script works best during market hours.
This indicator uses request.security(), which may be subject to data delay or availability issues based on your subscription plan and symbol permissions.
📢 Disclaimer
This indicator is intended for educational and informational purposes only . It does not constitute financial advice or a recommendation to buy or sell any securities. Trading in financial markets involves risk, and you should consult with a qualified financial advisor before making any investment decisions. The author is not responsible for any losses incurred from the use of this script.
Smart Entry SCALPER - 5m BOS Zones + TP/SL + Dashboard🧠 What This Script Does:
This Pine Script is a smart scalping system designed for 5-minute charts, focusing on Break of Structure (BOS) logic to generate Buy and Sell Zones, and gives the trader:
✅ Visual Zones for entry
✅ Automatic TP/SL placement
✅ Clean labels
✅ Extended zone lines
✅ Dashboards to track trend direction and zone overlap
✅ Alert-ready system for automated notification
🧠 How to Use It (Smart Entry Flow):
Wait for BOS breakout (price breaks a swing high or low)
Script draws:
Zone box
Label
SL and TP
Use dashboard to confirm direction and see if it aligns with HTF
Use Overlap Status for best confluence
Place entry at zone tap — or automate with alerts
🧼 Optional Smart Filtering:
If Only Show Most Recent Zone is enabled:
Script clears all old zones
You’ll only see the 1–2 most probable Buy/Sell zones
Keeps your chart super clean and ready for sniper entries
GexViewGexView Indicator – Gamma Exposure levels on TradingView charts.
🧲 Why GEX?
Today everybody uses Gamma Exposure.
GEX is crucial for all traders, not just intraday traders, because it helps assess market stability and potential volatility shifts driven by options positioning.
High positive GEX generally implies a mean-reverting market, where big price swings are dampened, while negative GEX signals increased volatility and potential large moves.
Understanding GEX allows traders to anticipate liquidity-driven price action, identify key support and resistance levels, and adjust strategies accordingly.
In today’s market, where options flow heavily influences underlying assets, ignoring GEX can mean missing critical market dynamics that impact both short-term and long-term positions.
🧲 Why GexView?
The GexView indicator is a unique tool designed for traders seeking a deeper understanding of market dynamics through gamma exposure levels. If you want to have the GEX profile on your chart—just like the classic Volume Profile—this is your chance. No more back and forth among multiple trading platforms.
All in one: TradingView charts and gamma exposure in the same place.
✅ Easily understanding if the ticker is on positive or negative gamma environment.
✅ Track key zones of potential dealer activity and market inflection points.
✅ Daily update, after market close, based on new open interest.
✅ No more manual level imports. Just one-click updates. Every day.
✅ Historical Gamma Exposure – The GexView indicator includes an option to plot the last 3 days of the GEX profile, providing a framework for understanding the bigger picture: how the stock evolves day by day amid major gamma exposure levels.
Graphic details:
Vertical implementation of gamma exposure profile.
Thick lines represent the total gamma exposure across all expiration contracts.
Thin lines represent the gamma exposure of 0DTE contracts.
Green colour if Calls > Puts, Red colour if Puts > Calls.
In the settings, you can enable any of these options.
Available on all optionable symbols.
Visit gexview.com to get access.
This script is intended for educational purposes only.
Dhokiya's Research Analyst - Chetan DhokiyaDescription of "Dhokiya's Research Analyst - Chetan Dhokiya"
Overview: The "Dhokiya's Research Analyst" script is designed for traders who want to identify key price levels based on the first 5-minute candle of the trading day. This script operates within the Indian stock market's trading hours, specifically from 9:15 AM to 3:25 PM. It calculates and visualizes upper and lower price levels derived from the closing price of the first 5-minute candle, providing traders with potential support and resistance levels for the day.
Key Features:
Market Timing: The script is programmed to recognize the market's opening and closing times, ensuring that it only operates during active trading hours.
First 5-Minute Candle Identification: The script identifies the first 5-minute candle of the trading day, which is crucial for setting the day's initial price levels.
Dynamic Level Calculation: It calculates two key levels based on the closing price of the first 5-minute candle:
Upper Level: Set at 0.09% above the closing price of the first candle.
Lower Level: Set at 0.09% below the closing price of the first candle.
Visual Representation: The script draws horizontal lines on the chart to represent the upper and lower levels, allowing traders to easily visualize these critical price points. The upper level is indicated with a green line, while the lower level is shown with a red line.
Line Extension: The lines are dynamically extended throughout the trading day until the market closes at 3:25 PM, providing continuous reference points for traders.
How to Use:
Setup: Add the script to your trading platform during the market hours. Ensure that you are viewing a 5-minute chart for optimal results.
Trading Strategy: Use the upper and lower levels as potential entry and exit points. Traders may consider buying near the lower level and selling near the upper level, depending on market conditions and additional analysis.
Risk Management: Always incorporate risk management strategies when trading around these levels, as price action can be volatile.
Underlying Concepts:
The script leverages the concept of the first candle's price action to establish a framework for the day's trading. The rationale is that the initial price movement can set the tone for the rest of the trading day.
By calculating levels slightly above and below the first candle's close, the script aims to capture potential breakout and reversal points, which are critical for day trading strategies.
Conclusion: "Dhokiya's Research Analyst" is a valuable tool for traders looking to enhance their intraday trading strategies. By focusing on the first 5-minute candle and establishing key price levels, this script provides a structured approach to navigating the market's daily fluctuations. Traders are encouraged to combine these levels with other technical analysis tools and indicators for a comprehensive trading strategy.
0.09 Version Strategy Indicator by Dhokiya's Research Analyst
Mobile - 7575065656
Website - dhokiyas.com/
Email - care@dhokiyas.com
Put/Call Ratio SPYThe label you see on the last daily candle shows you the simulated value of the Put/Call Ratio (PCR).
What does this label tell you?
If it says 🔴 EXTREME FEAR → The simulated value of the PCR is above 1.2 (more puts than calls → bearish expectations).
If it says 🟢 EUPHORIA → The PCR is below 0.8 (more calls than puts → bullish expectations).
If it says 🟡 NEUTRAL ZONE → The PCR is between 0.8 and 1.2.
RS Screener Pro: 15M & 1D + Signal + VolumeCombines relative strength (RS) from 15-minute and 1-day timeframes with volume spike detection to highlight high-momentum setups. Displays a live signal table (Bullish, Bearish, Neutral) and flags relative volume spikes (RVOL > 1.5×). Great for directional traders, scalpers, and options momentum plays.
How to Use:
• ✅ Use when RS on both timeframes align to confirm directional momentum.
• 🔔 Watch for volume spikes (purple 🔼) to detect unusual activity.
• 📊 Check the signal table for real-time trend bias and relative volume readout.
• Best used on a 15-minute chart.
📝 Expandable NotesA clean and easy-to-use notes dashboard that lets you add up to 10 personal reminders and color-code them for better organization.
CCI Divergence Indicatorthis is the cci indicator. we add some more options for it and now you can see the divergence on it and set alert for that . you can set the options for chandelles and timeframes.
Unusual Whale - Unusual Options Volume Data ScreenerHow to Use:
Custom Expiration Date: Use the calendar/date picker to select the expiration date. The chosen date is automatically converted to the "YYMMDD" format.
Custom Base Strike: Enter a round strike value from the options chain (for example, "270"). This value serves as the starting point (at-the-money) for the scan.
Strike Increment: Select the increment (e.g., 0.50, 1.00, 2.5, 5, or 10) to determine how the scan moves outward from the custom base strike.
Options per Side (Max 20): Choose the number of valid option strikes to scan on each side. The script scans downward (for calls) and upward (for puts) from the custom base strike.
Base Symbol: The base symbol is always taken from the chart (using syminfo.ticker); no manual entry is needed.
Scanning & Aggregation: The script automatically constructs option symbols using the base symbol, custom expiration date, option type (C or P), and the formatted strike. It retrieves volume data for these options and aggregates the cumulative volume for calls and puts separately.
Plotting: Cumulative call volume is plotted in green, and cumulative put volume is plotted in red—only if the required number of valid options is found.
Benefits of Scanning Options Volume for Unusual Activity:
Offers a comprehensive view of volume across multiple strikes, making unusual or extreme volume patterns easier to detect.
Helps gauge market sentiment by comparing aggregated call and put volumes, which may signal shifts in investor behavior.
Aggregating volume from several strike levels provides smoother, more reliable data than using a single strike, enhancing your analytical insights.
What to Do If Combinations Don't Yield Results:
Verify Your Inputs: Ensure that the Custom Base Symbol, Expiration Date, and Custom Base Strike are entered correctly and correspond to an active options chain.
Adjust Strike Increment: If the options aren’t loading as expected, try selecting a different strike increment that more closely matches the spacing in your options chain.
Reduce Options per Side: Lower the number of Options per Side (e.g., from 20 to a lower value) if the scan fails to find enough valid strikes.
Review Your Options Chain: Confirm that the contracts for the specified expiration and strike range exist and are available in your data feed.
Check Data Subscription: Make sure your TradingView plan includes access to the options data required for the selected symbols.
Cumulative Call Volume is Green, Put Volume is Red
Gann Percentage of High & Low Prices for Options - Keanu_RiTzThis Indicator is based on the text from Chapter 4 "Percentage of High & Low Prices" page number "30" from the book "WD Gann 45 years in Wall Street".
This Indicator is to be used on Intraday Timeframes and only on Options Charts (CALL & PUT) and not on any other chart.
The following is the text from that page :-
One of the greatest discoveries I ever made was how to figure the percentage of high and low prices on the averages and individual stocks.
The percentages of extreme high and low levels indicate future resistance levels.
There is a relation between every low price to some future high price and a percentage of the low price indicates what levels to expect the next high price.
At this price you can sell out long stocks and sell short with a limited risk.
The extreme high price or any minor tops are related to future bottoms er low levels.
The percentage of the high price tells where to expect low prices in the future and gives you resistance levels where you can buy with a limited risk.
The most important resistance level is 50% of any high or low price.
Second in importance is 100% on the lowest selling price on the averages or individual stocks.
You must also use 200%, 300%, 400%, 500%, 600% or more, depending upon the price and the Time Periods from High and Low.
Third in importance is 25% of the Lowest price or the Highest price.
Fourth in importance is 121/2% of the extreme Low or extreme High price.
Fifth in importance is 61/4% of the Highest price, but this is only to be used when the averages or individual stocks are selling at very high levels.
Sixth in importance is 33 1/3 and 66 2/3%. These percentages should be calculated and watched for resistance next after 25% and after 50%.
You should always have percentage tables made up on the Industrial Averages and on the individual stocks you trade in in order to know where these important resistance levels are located.
Description :
It plots the Intraday % levels from the highest high and lowest low of that day.
The calculation of these levels is based on the text from Chapter 4 "Percentage of High & Low Prices" page number "30" from the book "WD Gann 45 years in Wall Street".
I developed this indicator to see if those percentages work on Options prices or not,
and from my observation I found that it works wonderfully in Options as well.
These % levels work like magic and act as great Dynamic Support and Resistance levels.
Don't trust my words blindly and see for yourself.
This indicator is for educational and research purpose only.
It does not provide any BUY/SELL signals.
Price Range Deviation📌 Description: Price Range Deviation Indicator
This indicator measures how much a stock has moved over a recent period (e.g., 15 days) and compares that move to the average move of similar-length windows over a longer lookback period (e.g., 1 year or 252 days).
It helps identify when a stock has made an unusually large move compared to its historical norm — which can signal that the move is overextended.
📊 How It Works:
Recent Move ($): The absolute price change over the selected recent period.
Average Move ($): The average absolute price change over rolling windows of the same size across the full lookback period.
Move Ratio: The current move divided by the average move.
When the move ratio exceeds a custom threshold (e.g., 1.5× the average), the background highlights red to signal that the move is unusually large.
💡 Use Case:
Ideal for options traders looking to:
Identify overextended price moves
Sell out-of-the-money calls or puts beyond a high-move zone
Fade price exhaustion with high probability setups
Daily OHLC from 8:00 UTCDisplays Daily Open, High, and Low price levels, resetting at 8:00 AM UTC each day. Ideal for intraday trading reference points.
Options Chart Lite [Pt]█ Options Chart Lite
────────────────────────────
█ Introduction
Options Chart Lite is a simplified version of the full Options Chart+ tool — created for traders who want a clean and easy way to visualize option volume around price without extra complexity.
It displays live call and put volume and pricing directly on your TradingView chart, centered around the most relevant strikes for the selected expiry.
────────────────────────────
█ What Is Options Chart Lite ?
Options Chart Lite is a tool that shows real-time call and put activity in a clean, strike-by-strike table.
It provides:
- Side-by-side call/put volume and pricing
- Live table centered on current price
- Total call and put volume summary
- Quick insight into flow without overlays or clutter
────────────────────────────
█ Key Features
Visual Option Table
- Volume and price for calls and puts
- Table auto-centers around current price
- Up to 20 strikes shown
Total Volume Summary
- Call vs put volume shown at the bottom
Formatted Expiry + Timeframe
- Full expiry display (e.g. “Fri Apr 11, 2025”)
- Fixed to 1D timeframe
Reset & Warnings
- Button to reset strike range
- Optional delayed data notice
────────────────────────────
█ Inputs
Option Expiry Date (YYMMDD): Must match a valid expiry
Strike Increment: Strike spacing (e.g., 1, 2.5, 5)
Reference Strike Denominator: Rounds price to valid strike
Font Size Option: Choose Auto, Tiny, Small, or Normal
Reset Button: Re-centers if price moves
Delayed Data Warning: Toggle display of warning
────────────────────────────
█ Use Cases
Spot Key Strikes
See which strikes have the most activity.
Quick Flow Insights
Volume bias without opening an option chain.
Prep Levels
Align price action with strike flow.
Volume Skew Snapshot
Check if calls or puts dominate.
────────────────────────────
█ Known Limitations
- Invalid Expiry or Strike Inputs Will Error
Inputs must match real listed options for the symbol.
- Options Data Must Be Available
Volume will appear as 0 if TradingView data isn’t accessible.
- Strike Range is Limited
Script renders ~20 strikes. Use Reset Indicator if price moves too far.
Double RSI OscillatorThe Double RSI Oscillator
Hello Gs,
I came back from the dead and tried to see what a little tweak to RSI could do, and I think it is quite interesting and might be worth checking out.
Warning:
This indicator has lots of false signals unfortunatly
How does the DRSI Oscillator work?
Very simple, the DRSI oscillator at the very base is just 2 RSIs that should smooth each other out, making a smoother trend signal generation for trend analysis. One RSI is set to have lower values, by considering the lowest point of the price, and one RSI is set to have higher values using pretty much the same thing. The trend changes from positive to negative if RSI with higher values crosses negative treshhold, and from negative to positive if RSI with lower value crosses positive treshhold. On top of this I added some additional settings to smooth or speed it further, if these were a good idea, I guess only time will tell :D.
Settings
Here is a guide of what setting changes what and how it might be suitable for you:
RSI Optimism length: length of the RSI with higher values (higher values will be better for longer term, lower for medium term)
RSI Pesimism length: length of the RSI with lower values (higher values will be better for longer term, lower for medium term)
Positive treshhold: The value RSI pesimism needs to pass in order to change trends (in case of using RSI avg. the value the average needs to pass), making this higher can give you faster signals, but expect more false ones
Negative treshholds: The value RSI optimism needs to pass in order to change trends (in case of using RSI avg. the value the average needs to pass), lowering this can give you faster signals, but expect more false ones
Smoothing type: Select the type of smoothing (or none) to smooth your signals as you want, this one you need to play around with.
Smoothing length: The length of your smoothing method (if none is selected it wont change anything)
Use RSI average instead: self-explanatory, go figure
Above/Below Mean Trend: Changes the way trend logic works
Why consider using this indicator?
The DRSI Oscillator is a tool that has huge flexibility (due to tons of settings that base RSI doesnt, like trend treshholds), and is smoother allowing traders and investors to get high quality or high speed signals, allowing great entries and exits
Option Contract Size CalculatorOption Contract Size Calculator
This indicator helps you to figure out the ideal number of contracts for your trade and its only used for options day trading.
The indicator needs to fill the input section in order to give you the information table that includes Contract size .
The input section consists of two sections. The first section requires user entry of the delta of the options contract from the broker chain and the stop loss size on the chart.
The second section allows you to enter your account balance and risk per trade
(2% recommended) .
There is also the option for where you wish to display your table like bottom right , bottom left or top right, top left.
special thanks to @Mohamedawke for the open source script this code is based off
Options Chart+ [Pt]█ Introduction
Since the launch of options data support on TradingView, the landscape for retail options traders has started to shift. But until now, no tool in the public TradingView library has offered a full-featured, visual-first interface for reading option strike activity directly from your chart.
www.tradingview.com
Options Chart+ changes that — bringing an institutional-style strike analysis interface to TradingView.
It reads the option chain for any symbol and expiry, dynamically builds a strike-by-strike volume and price table, highlights top areas of market activity, and helps you interpret directional sentiment through both total and skew-adjusted implied moves.
────────────────────────────
█ What Is Options Chart+ ?
Options Chart+ is a premium script for analyzing call and put option volumes and pricing for any option chain that's readily available on TradingView.
It provides a real-time, on-chart display of:
- Strike-Level Volume and Price Table
- Gradient Heatmaps for Volume Activity
- Overlayed Top Strikes on the Chart
- Implied Move and Directional Bias Metrics
By visualizing where options traders are concentrating their positioning, this tool helps uncover potential support/resistance zones, directional bets, and key gamma levels — all from the flow.
────────────────────────────
█ Key Features
Visual Option Chain Table
- Centers around the current price
- Real-time volume and price per strike
- Clean formatting with total summaries
Gradient Volume Coloring
- Highlights activity using customizable color gradients
- Makes volume spikes obvious at a glance
Top Strike Overlays
- Automatically highlights top volume call/put strikes
- Overlays labeled lines on the chart for price context
Implied Move and Directional Bias
- ATM straddle = Total Implied Move
- Volume-weighted extrinsics = Directional Implied Move (DIM)
- Shows skew-based bias: bullish or bearish
────────────────────────────
█ Inputs & Customization
Option Expiry Date (YYMMDD): Must match valid options for the symbol
Strike Increment: Matches strike spacing (e.g., 1, 2.5, 5)
Reference Strike Denominator: Rounds the center strike
Volume Timeframe: Any valid chart timeframe
Gradient Volume Coloring: Toggle on/off
Call/Put Volume Colors: Fully customizable
Draw Top Strike Lines: Enables chart overlays
Start / End Offset: Customize overlay length
Font Size: Auto, Tiny, Small, or Normal
Delayed Data Warning: Adds footnote in the table
Reset Button: Re-centers the tool if price moves too far
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█ Use Cases
1. Spotting High-Interest Strikes
Use gradient heatmaps and overlays to see where volume is clustering.
Example: Heavy calls at 4200 may act as a magnet or gamma level — perfect for breakout or fade setups.
2. Interpreting Sentiment with DIM
Gauge where the flow is leaning directionally.
Example: Bullish DIM = call extrinsics outweigh puts → sentiment skewed bullish.
3. Sizing Risk Around Implied Movement
Use Total Implied Move to set range boundaries.
Example: Avoid selling premium inside the expected move unless risk is tight.
4. Combining Volume and Price Action
Overlay strikes with price structure for confluence trades.
Example: A heavy put strike with price holding = potential bounce zone.
5. Structuring Straddles or Strangles
Use volume skew to inform multi-leg positions.
Example: If call side is bid up, lean strangle wider to the upside.
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█ Known Limitations
- Invalid Expiry or Strike Inputs Will Error
You are responsible for selecting a valid expiry and strike increment that matches the symbol’s listed options.
- Options Data Must Be Available
This tool depends on TradingView's options feed. If you do not have access (delayed or real-time), the script will fail to load.
- Strike Range is Limited
Renders ~20 strikes max to preserve clarity. If price moves beyond that, use the Reset Indicator input.
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█ Final Thoughts
Options Chart+ is built for traders who operate on flow, structure, and sentiment. It lets you trade with confidence by showing where the real positioning is happening — visually, clearly, and in real-time.
If you:
- Think in terms of option flow
- Trade around volume levels or gamma exposure
- Want faster access to skew and sentiment
- Or just need clarity over chaos in an options chain...
This tool is for you.
