OPEN-SOURCE SCRIPT
Updated Combined Premium Tracker (3 Strikes)
The Combined Premium Tracker (3 Strikes) is a TradingView Pine Script indicator that monitors the total premium (Call + Put) of three different ATM option strikes. It applies a 75-period EMA to detect trends and generates buy/sell signals when the combined premium crosses the EMA. The script also provides alerts for potential breakouts and breakdowns, helping traders identify momentum shifts in option pricing.
Release Notes
This Pine Script indicator tracks the combined premium of 5 different ATM option strikes (Call + Put) and applies a 75-period EMA to identify trends. It generates Buy/Sell signals based on EMA crossovers and plots them on separate panels. Additionally, alerts notify traders when a crossover occurs, helping in option trading decisions.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.
For quick access on a chart, add this script to your favorites — 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.
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.
For quick access on a chart, add this script to your favorites — 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.