OPEN-SOURCE SCRIPT
Options Levels Support and Resistance
Updated
This indicator visualizes key institutional options levels including short-term and longer-term Put/Call Walls, and projected implied move ranges.
Key Features:
Trading Applications:
Levels are calculated externally using comprehensive options data and updated into the indicator multiple times per day. Note that I can't guarantee it will be timely updated since TradingView offers no access to external data nor a way to programmatically update the script.
The last update time (New York/EST) is shown in the dashboard.
Key Features:
- Displays major support/resistance levels derived from options data
- Shows institutional Put Walls (PW) and Call Walls (CW) - areas of significant options activity
- Identifies short-term and longer-term gamma levels for more precise trading
- Includes an option statistics (IV, Put/Call ratio, trend) in a clean dashboard
- Automatically(*) updates throughout the trading day to reflect current market positioning
- Currently supporting 425 tickers.
- Presents gamma flip levels for indexes SPX, RUT, NDX and VIX
- You can use Pine Screener to find tickers that bounced off walls among other conditions
Trading Applications:
- Identify key price levels where institutional options activity may influence price movement
- Gauge market sentiment through IV levels, Put/Call ratios, and options positioning
- Plan entries/exits around major Put/Call walls where price reversals are more likely
- Monitor changes in institutional positioning through level trends
Levels are calculated externally using comprehensive options data and updated into the indicator multiple times per day. Note that I can't guarantee it will be timely updated since TradingView offers no access to external data nor a way to programmatically update the script.
The last update time (New York/EST) is shown in the dashboard.
Release Notes
Jan 6, 8:54aRelease Notes
Jan 6, 10:45aRelease Notes
Attention: to make sure the update is reflected to you you may need to remove and re-add the indicator. If the date you see on the update is older than 1 day, you should do that for sureJan 6, 12:21p
Release Notes
Jan 6, 2:18pRelease Notes
Jan 6, 4:38pRelease Notes
bloody dayRelease Notes
Jan 7, 12:51pRelease Notes
blood bath day, closingRelease Notes
Jan 8 preRelease Notes
Jan 8, 10:01aRelease Notes
Jan 8, 10:32aOpen-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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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.