Strikeprice — Chỉ báo và Chiến lược

Signal Algo - Elephant Edge Strategy 🔶 Strategy Overview: This strategy is designed for intraday trading and focuses on taking trades near important price reference areas instead of random market locations. This strategy is designed to: Take trades only near important price levels Avoid random mid-market entries Validate every trade using multiple confirmation filters It combines the following core concepts: Elephant Edge zones based on previous session volatility Index & F&O strike price levels (psychological and liquidity-based levels) Previous Day OHLC levels (important institutional reference prices) The goal of this strategy is to allow trades only when price behavior is meaningful and occurs near key market reference areas, while filtering out low-quality signals. All filters are optional, allowing traders to customize the strategy according to their trading style, risk preference, and market conditions. 🔶 How to Use: Elephant Edge Support–Resistance This strategy is based on the Elephant Edge Support–Resistance concept, where trades are taken only near important price zones instead of random market areas. The image above shows how the strategy identifies Support Zones, Resistance Zones, and how trade entries and exits are generated. 🟩 Support Zones: Shown as green areas. These are considered potential Buy zones. A positive price reaction from these zones is required before a Buy entry is generated. 🟥 Resistance Zones: Shown as red areas. These are considered potential Sell zones. Price rejection from these zones is required before a Sell entry is generated. Important: The strategy does not blindly buy or sell at the zone. Entries are generated only after additional confirmation, such as: Candle structure validation, Directional filters, Optional, volume and time filters (if enabled) Trade entries are generated only when price touches a Support or Resistance zone. These zones represent areas where price is more likely to react, helping to avoid low-quality trades during sideways or random market movement. Final Understanding: This strategy is not about predicting the market. It is about reacting to price behavior at important levels and trading only when conditions are meaningful. 🔶 How to Use: Index Strike Price Support–Resistance This concept is based on *Index & F&O Strike Price levels*, where trades are taken near important *round-number strike prices* (for example: every 50 or 100 points), instead of random price locations. The image above shows how *strike prices act as natural Support and Resistance levels** in index trading. 🟩 Strike Price Support: Strike levels below the current price act as potential Support zones. Price reaction from these levels is required before a Buy entry is generated. 🟥 Strike Price Resistance: Strike levels above the current price act as potential Resistance zones. Price rejection from these levels is required before a Sell entry is generated. Trade entries are generated only when price touches or reacts near a strike price level. These levels represent *psychological and liquidity-based areas*, where price is more likely to pause, reverse, or react. 🔶 How to Use: Previous Day OHLC Levels This concept is based on *Previous Day Open, High, Low, and Close (OHLC)* levels, which are widely used as *important market reference prices* by traders and institutions. The image above shows how price reacts around Previous Day OHLC levels and how they act as natural *Support and Resistance areas** during intraday trading. 🟩 Previous Day Support Levels: Previous Day Open, Low, or Close levels below the current price act as potential Support zones. A positive price reaction from these levels is required before a Buy entry is generated. 🟥 Previous Day Resistance Levels: Previous Day Open, High, or Close levels above the current price act as potential Resistance zones. Price rejection from these levels is required before a Sell entry is generated. Trade entries are generated only when price touches or reacts near a Previous Day OHLC level. These levels represent *high-interest price areas* where price is more likely to pause, reverse, or show strong reactions. 🔵 Strategy Setting Features Overview : Trade Direction Controls : - Buy Only When enabled: The strategy will generate only Buy trades All Sell signals are ignored Sell Only When enabled: The strategy will generate only Sell trades All Buy signals are ignored Important Note If both Buy Only and Sell Only are enabled: The strategy can generate both Buy and Sell trades Candle Direction & Color Filter : - Available Options: Both - Candle color is ignored Trades depend only on strategy logic Trend - Buy → Green candles only. Sell → Red candles only O-Trend - Buy → Red candles only. Sell → Green candles only Continuous Buy / Sell Check : - When enabled: Prevents repeated trades in the same direction Reduces over-trading during sideways markets Example: After a Buy trade, another Buy trade will not be taken immediately unless conditions reset. Elephant Edge Percentile Levels : - When enabled: Buy trades are allowed only near lower percentile levels Sell trades are allowed only near upper percentile levels Why this matters: Percentile levels act as dynamic intraday support and resistance based on historical price movement. Strike Price Level Filters : - When enabled: Buy trades require price to touch lower strike zones Sell trades require price to touch upper strike zones Why strike levels are important: Strike prices often act as psychological and liquidity zones, especially in index trading. Previous Day OHLC Levels : - When enabled: Draws Previous Day Open, High, Low, and Close on the chart Trades are allowed only when price touches any of these levels Why Previous Day levels matter: These levels are widely watched by traders and institutions Price often reacts strongly near them Helps filter out low-probability trades Stoploss Settings : - Candle Touch: Stoploss triggers immediately when price touches the level Candle Close: Stoploss triggers only after candle closes beyond the level Stoploss Type Choose how stoploss distance is calculated: Candle High / Low Fixed Points Percentage based Trailing Stoploss : - Trailing stoploss helps protect profits as price moves favorably. Trailing Mode Points Percentage Trailing Activation Defines how much profit is required before trailing starts. Candle Structure Filters : - Candle Size : Filter Avoids trades on: Very small candles (low momentum) Extremely large candles (high risk) Candle Body : Filter Ensures trades are taken only on candles with sufficient body strength. Wick Filter : Filters out candles with unusually long wicks, which often indicate fake breakouts. Hammer Candle Detection : - Enable Hammer Pattern Detects hammer-type candles using wick-to-body ratios. Useful for: Reversal-based setups near key levels Entry & Stop Buffers : - Buffers add small offsets to: Entry price Stoploss price Purpose: Helps avoid false triggers caused by small price spikes or noise. Volume-Based Validation : - Use Volume Alert Validity Trades are allowed only after a high-volume candle appears. Why volume matters: High volume confirms participation and interest. Time & Trade Limits : - Entry / Exit Time Restricts trades to specific market hours. Trade Count Limits Controls the maximum number of trades per session to avoid over-trading. Quantity Calculation: - Investment Amount Automatically calculates trade quantity based on capital amount. Benefit: Helps maintain consistent risk across different instruments. JSON Alert Output: - Used for: Automation Broker integration This does not affect strategy logic. ⚠️ Disclaimer This strategy is provided for educational and research purposes only. Past performance does not guarantee future results. Users should test and manage risk independently.

Round Strike Price, Levels Options Series ➤ Strike Price Range Mode: ➤ Exact Strike Price Mode: ⭐ Overview and How It Works Round Strike Price or Levels is a precision-focused visual tool designed for options and index traders. It dynamically plots round strike levels around the current price and presents them either as: ⠀ — Exact strike prices, or ⠀ — Strike price ranges, where each zone represents the midpoint between two adjacent strikes. The indicator continuously recalculates the base strike using the current price and aligns all surrounding levels using a fixed step size. All lines and labels are updated only on the last bar for optimal performance and stability. This makes StrikePrice ideal for: 🔹 Identifying key option strikes. 🔹 Visualizing price acceptance zones. 🔹 Understanding strike-to-strike movement during intraday trading. ⭐ Key Features and Functionality Strike Price Range: ⠀ — Treats each pair of strike lines as a price zone. ⠀ — Labels are plotted at the midpoint between two lines. ⠀ — Last label is intentionally hidden (no upper range exists) Exact Strike Price: ⠀ — Labels are plotted directly on each strike line. ⠀ — Useful for precise strike-based analysis. 󠀠󠀠󠀠 Dynamic Base Calculation: ⠀ — Automati󠀠cally snaps price to the nearest round strike. ⠀ — Re-centers the entire grid as price moves. ⠀ — No manual adjustment required. Efficient Object Management: ⠀ — Uses persistent arr󠀠ays for lines and labels. ⠀ — Objects are reused instead of recreated. ⠀ — Prevents flickering and avoids TradingView object limits. 🎨 Visualizations and User Experience Clean horizontal strike grid with configurable: ⠀ — Line width, Line color, Line style (Solid / Dashed / Dotted), Extension direction (Left / Right / Both / None). Labels are: ⠀ — Positioned to the right of price, Size-adjustable, Fully customizable in text color and background color. Designed to stay visually clear even on: ⠀ — Fast-moving intraday charts, Options-focused layouts, Multi-indicator setups. Tip: Increase Right Bars Margin in chart settings to give labels proper spacing. ⭐ Settings and Customization 🔹 Strike Settings: ⠀ — Step (points): Distance between adjacent strike levels (e.g., 50, 100) ⠀ — Levels per side: Number of strike levels plotted above and below the base. ⠀ — Strike Mode: Strike Price Range, Exact Strike Price. 🔹 Line Settings: ⠀ — Line width, Line color, Line style (Solid / Dashed / Dotted), Line extension direction. 🔹 Label Settings: ⠀ — Show / hide labels, Label distance (bars to the right), Label size, Label text color, Label background color. All label properties are updated dynamically, allowing real-time UI tuning without reloading the script. ⭐ Uniqueness of the Concept: Unlike generic round-number indicators, StrikePrice: ⠀ — Understands option-style strike structure. ⠀ — Separates range-based thinking from exact price levels. ⠀ — Uses midpoint logic to visualize strike-to-strike movement. ⠀ — Maintains strict performance discipline by updating only when necessary. This makes it especially useful for: ⠀ • NIFTY / BANKNIFTY options. ⠀ • Index and futures traders. ⠀ • Intraday strike rotation analysis. ⠀ • Premium decay and range-bound setups. 🚀 Conclusion: StrikePrice is a focused, professional-grade indicator for traders who think in strikes, ranges, and levels rather than arbitrary prices. It offers: ⠀ • Clear structure ⠀ • Accurate strike alignment ⠀ • Clean visuals ⠀ • Zero repainting logic

Signal Algo - Elephant Edge Description Signal Algo - Advance Elephant Edge is a rule-based, intraday detection system that combines candle-pattern logic with session-driven support and resistance zones. creating a clean confluence-based signal that removes noise. This tool is designed for traders who prefer structured rules over subjective drawing, and want clear, event-driven alerts without unrealistic promises or over-optimized behavior. What This Script Does (Short & Simple) 1. Hammer-Type Candle Detection The script looks for long-wick hammer or inverted hammer candles using your wick-ratio setting. It also checks candle size, body size, and doji conditions so that only clean and meaningful rejection candles are highlighted. 2. Session-Based Percentile Support & Resistance The indicator calculates percentile levels from previous sessions and plots up to four upper and lower S/R lines around the daily open. These levels act as dynamic zones where price often reacts. 3. Optional Strike-Price Zones For symbols that move around round numbers or strike intervals, the script can draw strike-based S/R lines (like 50 or 100 points) You can choose solid or dotted lines and select how many zones to show. 4.Higher-Timeframe Trend Background A light green or red background shows the overall trend direction. Green = bullish bias, Red = bearish bias. 🔶 USAGE & EXAMPLES Elephant Support & Resistance Elephant Support & Resistance creates intraday support and resistance levels using percentile data from previous sessions. Instead of drawing lines manually, calculates how far price usually moves above and below previous sessions. and then plots those levels automatically. Each percentile pair (Level 1–4) gives one upper line and one lower line. These lines represent price zones where the market has reacted many times in the past. When price reaches these levels, it often pauses, reverses, or shows rejection candles. 🔶USAGE & EXAMPLES Strike Price Support & Resistance Strike Price Zones are plotted because most markets naturally react around fixed strike levels. Every index, stock, or international market has its own commonly traded strike prices. These levels attract large traders and institutions, who often build positions around them. When price moves toward one of these strike levels, big players frequently defend or reject that zone. As a result, price may pause, reverse, or show strong reactions at or near these strikes. Because of this behavior, Strike Price Zones work as practical intraday support and resistance levels. They help traders see where important reactions can occur, where momentum may slow down, and where potential reversals may form. These zones are not buy/sell signals by themselves, but they provide a simple, objective roadmap of key levels that the market respects during the session. 🔷 FEATURES 1. Hammer-Based Rejection Signals 2. Candle Size Filtering 3. Elephant Percentile Support & Resistance 4. Strike Price Support & Resistance Zones 5. Combined Confluence Logic 6. Higher-Timeframe Trend Background 7. Clean Visual Layout 8. Yellow Highlight Candle 9. Intraday Session Handling 10. Built-In Alerts 11. Fully Customizable Inputs 12. Lightweight & Rule-Driven Design 🔴 RISK DISCLAIMER Trading is risky & most day traders lose money. All content, tools, scripts, articles, & education provided by Signal Algo are purely for informational & educational purposes only. Past performance does not guarantee future results.

ATM Strike Line with Call & Put Premiums (ARJO)This indicator is designed specifically for the Indian market (NSE) and helps traders visualize the At-The-Money (ATM) strike line along with real-time Call (CE) and Put (PE) option premiums. Key Features Automatic ATM Detection: The script automatically identifies the ATM strike based on the underlying price, with an option for manual input. Dynamic Expiry Control: Select expiry date easily (Year, Month, Day) in YYMMDD format. Flexible Timeframe Support: Choose between the chart’s current timeframe or custom intervals. Smart Symbol & Strike Interval: Automatically adapts to the selected underlying symbol (e.g., NIFTY, BANKNIFTY, RELIANCE, etc.) or allows manual setup. Visual Representation: ATM line plotted clearly on the chart. CE and PE premium labels are displayed on each side of the ATM line. ATM strike price label shown at the center. Call–Put Volume Ratio (CPVR): Displays the live CPVR value to quickly assess market sentiment. CPVR Interpretation Bullish Bias: CPVR ≥ 1.25 Bearish Bias: CPVR ≤ 0.75 Neutral Zone: Between 0.75 and 1.25 ⚙️ Customization Adjustable colors for ATM line, CE/PE labels, and CPVR. Option to manually select strike, symbol, and interval for maximum flexibility. This tool may help to track option sentiment directly on the price chart, making it ideal for option traders and intraday analysts focusing on NIFTY, BANKNIFTY, and other NSE stocks. Happy Trading. ARJO

Bank Nifty strike price 2/3σ Calculates the strike prices for the Bank Nifty index in steps of 50 and marks the 2 and 3 sigma price levels.

portfolio_strikes A simple script for keeping track of your options portfolio. Basically, you can write one line of code per strategy (single, vertical, or strangle) to keep a line drawn on the underlying's chart, at the strike price, from the current bar until expiration. See the comments at the top of the code for more explanation.