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0DTE Credit Spreads Indicator

114
Description:
This indicator is designed for SPX traders operating on the 15-minute timeframe, specifically targeting 0 Days-to-Expiration (0DTE) options with the intention to let them expire worthless.
It automatically identifies high-probability entry points for Put Credit Spreads (PCS) and Call Credit Spreads (CCS) by combining intraday price action with a custom volatility filter.

Key Features:

Optimized exclusively for SPX on the 15-minute chart.

Intraday volatility conditions adapt based on real-time VIX readings, allowing credit expectations to adjust to market environment.

Automatic visual labeling of PCS and CCS opportunities.

Built-in stop loss level display for risk management.

Optional same-day PCS/CCS signal allowance.

Fully adjustable colors and display preferences.

How It Works (Concept Overview):
The script monitors intraday momentum, relative volatility levels, and proprietary pattern recognition to determine favorable spread-selling conditions.
When conditions align, a PCS or CCS label appears on the chart along with a stop loss level.
VIX is used at the moment of signal to estimate the ideal option credit range.

Recommended Use:

SPX only, 15-minute timeframe.

Intended for 0DTE options held to expiration, though you may take profits earlier based on your own strategy.

Works best during regular US market hours.

Disclaimer:
This script is for informational and educational purposes only and is not financial advice. Trading options carries risk. Always perform your own analysis before entering a trade.
Sürüm Notları
Description:
This indicator is designed for SPX traders operating on the 15-minute timeframe, specifically targeting 0 Days-to-Expiration (0DTE) options with the intention to let them expire worthless.
It automatically identifies high-probability entry points for Put Credit Spreads (PCS) and Call Credit Spreads (CCS) by combining intraday price action with a custom volatility filter.

Key Features:

Optimized exclusively for SPX on the 15-minute chart.

Intraday volatility conditions adapt based on real-time VIX readings, allowing credit expectations to adjust to market environment.

Automatic visual labeling of PCS and CCS opportunities.

Built-in stop loss level display for risk management.

Optional same-day PCS/CCS signal allowance.

Fully adjustable colors and display preferences.

How It Works (Concept Overview):
The script monitors intraday momentum, relative volatility levels, and proprietary pattern recognition to determine favorable spread-selling conditions.
When conditions align, a PCS or CCS label appears on the chart along with a stop loss level.
VIX is used at the moment of signal to estimate the ideal option credit range.

Recommended Use:

SPX only, 15-minute timeframe.

Intended for 0DTE options held to expiration, though you may take profits earlier based on your own strategy.

Works best during regular US market hours.

Disclaimer:
This script is for informational and educational purposes only and is not financial advice. Trading options carries risk. Always perform your own analysis before entering a trade.
Sürüm Notları
Description:
This indicator is designed for SPX traders operating on the 15-minute timeframe, specifically targeting 0 Days-to-Expiration (0DTE) options with the intention to let them expire worthless.
It automatically identifies high-probability entry points for Put Credit Spreads (PCS) and Call Credit Spreads (CCS) by combining intraday price action with a custom volatility filter.

Key Features:

Optimized exclusively for SPX on the 15-minute chart.

Intraday volatility conditions adapt based on real-time VIX readings, allowing credit expectations to adjust to market environment.

Automatic visual labeling of PCS and CCS opportunities.

Built-in stop loss level display for risk management.

Optional same-day PCS/CCS signal allowance.

Fully adjustable colors and display preferences.

How It Works (Concept Overview):
The script monitors intraday momentum, relative volatility levels, and proprietary pattern recognition to determine favorable spread-selling conditions.
When conditions align, a PCS or CCS label appears on the chart along with a stop loss level.
VIX is used at the moment of signal to estimate the ideal option credit range.

Recommended Use:

SPX only, 15-minute timeframe.

Intended for 0DTE options held to expiration, though you may take profits earlier based on your own strategy.

Works best during regular US market hours.

Disclaimer:
This script is for informational and educational purposes only and is not financial advice. Trading options carries risk. Always perform your own analysis before entering a trade.
11 hours ago
Release Notes
Description:
This indicator is designed for SPX traders operating on the 15-minute timeframe, specifically targeting 0 Days-to-Expiration (0DTE) options with the intention to let them expire worthless.
It automatically identifies high-probability entry points for Put Credit Spreads (PCS) and Call Credit Spreads (CCS) by combining intraday price action with a custom volatility filter.

Key Features:

Optimized exclusively for SPX on the 15-minute chart.

Intraday volatility conditions adapt based on real-time VIX readings, allowing credit expectations to adjust to market environment.

Automatic visual labeling of PCS and CCS opportunities.

Built-in stop loss level display for risk management.

Optional same-day PCS/CCS signal allowance.

Fully adjustable colors and display preferences.

How It Works (Concept Overview):
The script monitors intraday momentum, relative volatility levels, and proprietary pattern recognition to determine favorable spread-selling conditions.
When conditions align, a PCS or CCS label appears on the chart along with a stop loss level.
VIX is used at the moment of signal to estimate the ideal option credit range.

Recommended Use:

SPX only, 15-minute timeframe.

Intended for 0DTE options held to expiration, though you may take profits earlier based on your own strategy.

Works best during regular US market hours.

Disclaimer:
This script is for informational and educational purposes only and is not financial advice. Trading options carries risk. Always perform your own analysis before entering a trade.

Update 080152025
Moved SL line to end at end of trading day
Sürüm Notları
Description:
This indicator is designed for SPX traders operating on the 15-minute timeframe, specifically targeting 0 Days-to-Expiration (0DTE) options with the intention to let them expire worthless.
It automatically identifies high-probability entry points for Put Credit Spreads (PCS) and Call Credit Spreads (CCS) by combining intraday price action with a custom volatility filter.

Key Features:

Optimized exclusively for SPX on the 15-minute chart.

Intraday volatility conditions adapt based on real-time VIX readings, allowing credit expectations to adjust to market environment.

Automatic visual labeling of PCS and CCS opportunities.

Built-in stop loss level display for risk management.

Optional same-day PCS/CCS signal allowance.

Fully adjustable colors and display preferences.

How It Works (Concept Overview):
The script monitors intraday momentum, relative volatility levels, and proprietary pattern recognition to determine favorable spread-selling conditions.
When conditions align, a PCS or CCS label appears on the chart along with a stop loss level.
VIX is used at the moment of signal to estimate the ideal option credit range.

Recommended Use:

SPX only, 15-minute timeframe.

Intended for 0DTE options held to expiration, though you may take profits earlier based on your own strategy.

Works best during regular US market hours.

Disclaimer:
This script is for informational and educational purposes only and is not financial advice. Trading options carries risk. Always perform your own analysis before entering a trade.
Aug 14
Release Notes
Description:
This indicator is designed for SPX traders operating on the 15-minute timeframe, specifically targeting 0 Days-to-Expiration (0DTE) options with the intention to let them expire worthless.
It automatically identifies high-probability entry points for Put Credit Spreads (PCS) and Call Credit Spreads (CCS) by combining intraday price action with a custom volatility filter.

Key Features:

Optimized exclusively for SPX on the 15-minute chart.

Intraday volatility conditions adapt based on real-time VIX readings, allowing credit expectations to adjust to market environment.

Automatic visual labeling of PCS and CCS opportunities.

Built-in stop loss level display for risk management.

Optional same-day PCS/CCS signal allowance.

Fully adjustable colors and display preferences.

How It Works (Concept Overview):
The script monitors intraday momentum, relative volatility levels, and proprietary pattern recognition to determine favorable spread-selling conditions.
When conditions align, a PCS or CCS label appears on the chart along with a stop loss level.
VIX is used at the moment of signal to estimate the ideal option credit range.

Recommended Use:

SPX only, 15-minute timeframe.

Intended for 0DTE options held to expiration, though you may take profits earlier based on your own strategy.

Works best during regular US market hours.

Disclaimer:
This script is for informational and educational purposes only and is not financial advice. Trading options carries risk. Always perform your own analysis before entering a trade.
Aug 15
Release Notes
Description:
This indicator is designed for SPX traders operating on the 15-minute timeframe, specifically targeting 0 Days-to-Expiration (0DTE) options with the intention to let them expire worthless.
It automatically identifies high-probability entry points for Put Credit Spreads (PCS) and Call Credit Spreads (CCS) by combining intraday price action with a custom volatility filter.

Key Features:

Optimized exclusively for SPX on the 15-minute chart.

Intraday volatility conditions adapt based on real-time VIX readings, allowing credit expectations to adjust to market environment.

Automatic visual labeling of PCS and CCS opportunities.

Built-in stop loss level display for risk management.

Optional same-day PCS/CCS signal allowance.

Fully adjustable colors and display preferences.

How It Works (Concept Overview):
The script monitors intraday momentum, relative volatility levels, and proprietary pattern recognition to determine favorable spread-selling conditions.
When conditions align, a PCS or CCS label appears on the chart along with a stop loss level.
VIX is used at the moment of signal to estimate the ideal option credit range.

Recommended Use:

SPX only, 15-minute timeframe.

Intended for 0DTE options held to expiration, though you may take profits earlier based on your own strategy.

Works best during regular US market hours.

Disclaimer:
This script is for informational and educational purposes only and is not financial advice. Trading options carries risk. Always perform your own analysis before entering a trade.
11 hours ago
Release Notes
Description:
This indicator is designed for SPX traders operating on the 15-minute timeframe, specifically targeting 0 Days-to-Expiration (0DTE) options with the intention to let them expire worthless.
It automatically identifies high-probability entry points for Put Credit Spreads (PCS) and Call Credit Spreads (CCS) by combining intraday price action with a custom volatility filter.

Key Features:

Optimized exclusively for SPX on the 15-minute chart.

Intraday volatility conditions adapt based on real-time VIX readings, allowing credit expectations to adjust to market environment.

Automatic visual labeling of PCS and CCS opportunities.

Built-in stop loss level display for risk management.

Optional same-day PCS/CCS signal allowance.

Fully adjustable colors and display preferences.

How It Works (Concept Overview):
The script monitors intraday momentum, relative volatility levels, and proprietary pattern recognition to determine favorable spread-selling conditions.
When conditions align, a PCS or CCS label appears on the chart along with a stop loss level.
VIX is used at the moment of signal to estimate the ideal option credit range.

Recommended Use:

SPX only, 15-minute timeframe.

Intended for 0DTE options held to expiration, though you may take profits earlier based on your own strategy.

Works best during regular US market hours.

Disclaimer:
This script is for informational and educational purposes only and is not financial advice. Trading options carries risk. Always perform your own analysis before entering a trade.

Update 080152025
Moved SL line to end at end of trading day

Update 08272025
Added back testing option in the settings. Note: the P/L is just an estimation. Multiple factors come into play with opening and closing spreads.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.