PROTECTED SOURCE SCRIPT
CE & PE Option Tracker

This Pine Script is a comprehensive **Options Trading Indicator** for TradingView that tracks Call (CE) and Put (PE) options while providing trading signals based on daily and weekly price movements. Here's a breakdown of its key features:
### **1. Core Functionality**
- Tracks **CE & PE premiums** (Open, High, Low, Close) for specified option symbols.
- Plots **combined premium candles** (CE + PE) with dynamic coloring (green if bullish, red if bearish, blue if a straddle is active).
### **2. Key Features**
#### **a) Daily & Weekly Open Levels**
- Marks **daily open prices** (9:15 AM) for CE & PE as horizontal lines.
- Marks **weekly open prices** (Monday 9:15 AM) for trend confirmation.
#### **b) Straddle/Strangle Entry & Exit Logic**
- **Entry:** Triggers when both CE & PE close below their daily open (indicating premium decay).
- **Exit:** Closes the straddle if either CE or PE crosses back above its daily open.
#### **c) Buy/Sell Signals**
- **Intraday Signals:**
- *Buy CE/PE* when premium crosses above daily open.
- *Sell CE/PE* when premium crosses below daily open.
- **Weekly Confirmation Signals:**
- Stronger signals when price crosses weekly open levels.
#### **d) Supertrend on Combined Premium**
- Uses a **custom ATR-based Supertrend** to identify trend direction (green for uptrend, red for downtrend).
#### **e) Info Table (Top-Right Corner)**
Displays:
- Current CE & PE prices
- Daily & weekly open levels
- Active weekly signals (Buy/Sell)
- Straddle status (Active/None)
### **3. Alerts**
- **Straddle Entry Alert:** When both CE & PE are below daily open.
- **Straddle Exit Alert:** When either CE or PE moves back above daily open.
### **Use Case**
This script is useful for **options traders** looking for:
- **Straddle/Strangle opportunities** (premium decay plays).
- **Trend-following signals** (daily & weekly confirmation).
- **Combined premium analysis** (CE + PE Supertrend).
### **1. Core Functionality**
- Tracks **CE & PE premiums** (Open, High, Low, Close) for specified option symbols.
- Plots **combined premium candles** (CE + PE) with dynamic coloring (green if bullish, red if bearish, blue if a straddle is active).
### **2. Key Features**
#### **a) Daily & Weekly Open Levels**
- Marks **daily open prices** (9:15 AM) for CE & PE as horizontal lines.
- Marks **weekly open prices** (Monday 9:15 AM) for trend confirmation.
#### **b) Straddle/Strangle Entry & Exit Logic**
- **Entry:** Triggers when both CE & PE close below their daily open (indicating premium decay).
- **Exit:** Closes the straddle if either CE or PE crosses back above its daily open.
#### **c) Buy/Sell Signals**
- **Intraday Signals:**
- *Buy CE/PE* when premium crosses above daily open.
- *Sell CE/PE* when premium crosses below daily open.
- **Weekly Confirmation Signals:**
- Stronger signals when price crosses weekly open levels.
#### **d) Supertrend on Combined Premium**
- Uses a **custom ATR-based Supertrend** to identify trend direction (green for uptrend, red for downtrend).
#### **e) Info Table (Top-Right Corner)**
Displays:
- Current CE & PE prices
- Daily & weekly open levels
- Active weekly signals (Buy/Sell)
- Straddle status (Active/None)
### **3. Alerts**
- **Straddle Entry Alert:** When both CE & PE are below daily open.
- **Straddle Exit Alert:** When either CE or PE moves back above daily open.
### **Use Case**
This script is useful for **options traders** looking for:
- **Straddle/Strangle opportunities** (premium decay plays).
- **Trend-following signals** (daily & weekly confirmation).
- **Combined premium analysis** (CE + PE Supertrend).
Korumalı komut dosyası
Bu komut dosyası kapalı kaynak olarak yayınlanmaktadır. Ancak, özgürce ve herhangi bir sınırlama olmaksızın kullanabilirsiniz – daha fazla bilgi burada.
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.
Korumalı komut dosyası
Bu komut dosyası kapalı kaynak olarak yayınlanmaktadır. Ancak, özgürce ve herhangi bir sınırlama olmaksızın kullanabilirsiniz – daha fazla bilgi burada.
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.