OPEN-SOURCE SCRIPT
ATM Pulse (Arjo)
ATM Pulse (Arjo) — Options Trading, CPVR & Trend Direction Tool
The ATM Pulse (Arjo) is a helpful options trading indicator that automatically finds the At-The-Money (ATM) strike for NIFTY, BANKNIFTY, or any selected stock. It shows Call/Put prices, the ATM strike line, and the Call-Put Volume Ratio (CPVR) to reveal real-time market sentiment and option activity.
It also includes a Chandelier Exit overlay that highlights trend direction, momentum, and possible reversal zones, helping traders easily understand when the trend is strong, weak, or changing.
How to Use:
Happy Trading. ARJO
The ATM Pulse (Arjo) is a helpful options trading indicator that automatically finds the At-The-Money (ATM) strike for NIFTY, BANKNIFTY, or any selected stock. It shows Call/Put prices, the ATM strike line, and the Call-Put Volume Ratio (CPVR) to reveal real-time market sentiment and option activity.
It also includes a Chandelier Exit overlay that highlights trend direction, momentum, and possible reversal zones, helping traders easily understand when the trend is strong, weak, or changing.
How to Use:
- Open a chart of NIFTY, BANKNIFTY, or any stock.
- Add the ATM Pulse (Arjo) indicator.
- Select the expiry date — the indicator will automatically show the current ATM Call & Put prices.
- Look at the CPVR value:
- Above 1.25 → More bullish activity (Calls stronger).
- Below 0.75 → More bearish activity (Puts stronger).
- Watch the Chandelier Exit colors:
- Green = uptrend; Red = downtrend.
- A color change may signal a possible trend reversal.
Happy Trading. ARJO
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.