PROTECTED SOURCE SCRIPT
CE & PE with Daily/Weekly Signals & Short Straddle/Strangle
The "Interactive CE & PE with Daily/Weekly Signals & Short Straddle/Strangle" indicator is a custom tool for NIFTY options trading. It provides real-time tracking of Call (CE) and Put (PE) option prices on a 5-minute chart, with interactive strike selection. It features daily and weekly buy/sell signals based on price crossovers relative to 9:15 AM IST opens, highlighted with colored labels and boxes. A unique "Short Straddle/Strangle Day" status is displayed when both CE and PE close below their daily opens with a crossover, shown consistently in both CE and PE table columns for clarity.
Differences/Originality from Other TradingView IndicatorsInteractive Strike Selection:
1. Allows dynamic CE/PE input, unlike most static indicators.
Dual Timeframe Signals: Combines daily and weekly signals with IST-aligned opens, a rare feature.
2. Short Straddle/Strangle Detection: Unique condition-based status for options strategies, not found in standard indicators.
3. Unified Table Display: Displays status in both CE and PE columns for user clarity, distinguishing it from single-column designs.
4. Custom Visuals: Uses colored labels, boxes, and lines for intuitive signal visualization, enhancing usability over generic indicators.
Differences/Originality from Other TradingView IndicatorsInteractive Strike Selection:
1. Allows dynamic CE/PE input, unlike most static indicators.
Dual Timeframe Signals: Combines daily and weekly signals with IST-aligned opens, a rare feature.
2. Short Straddle/Strangle Detection: Unique condition-based status for options strategies, not found in standard indicators.
3. Unified Table Display: Displays status in both CE and PE columns for user clarity, distinguishing it from single-column designs.
4. Custom Visuals: Uses colored labels, boxes, and lines for intuitive signal visualization, enhancing usability over generic indicators.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.