Multi-Symbol Options Trading Indicator
Customizable Settings: Fully editable MACD and Stochastic parameters
Signal Generation:
BUY CE: When INDEX shows bullish signals AND CE option shows bullish signals
BUY PE: When INDEX shows bearish signals AND PE option shows bullish signals
Signal Conditions:
BUY CE Signal (all must be true):
INDEX: Stochastic %K > %D
INDEX: MACD line > Signal line
INDEX: Histogram shows bullish trend over specified bars
CE: Stochastic %K > %D
CE: MACD line > Signal line
CE: Histogram shows bullish trend over specified bars
BUY PE Signal (all must be true):
INDEX: Stochastic %K < %D
INDEX: MACD line < Signal line
INDEX: Histogram shows bearish trend over specified bars
PE: Stochastic %K > %D
PE: MACD line > Signal line
PE: Histogram shows bullish trend over specified bars
Visual Elements:
Green triangle up with "BUY CE" text when CE signal triggers
Red triangle down with "BUY PE" text when PE signal triggers
Background coloring on signal candles
Conditions table showing real-time status of all conditions
Alerts for both signal types
Usage Instructions:
Add the indicator to your chart
Configure your three symbols (INDEX, CE option, PE option)
Set timeframes for each symbol
Adjust MACD and Stochastic parameters as needed
Set the number of histogram bars for trend analysis
Enable/disable the conditions table and choose its position
The table will show you exactly which conditions are met (✓) or not met (✗) for both signal types, making it easy to monitor the setup in real-time.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact sailor_joe directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact sailor_joe directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.