PROTECTED SOURCE SCRIPT
Updated Straddle (Options CE+PE) with Daily VWAP & Strength
📌 Description (TradingView Publish)
This indicator is built for options traders who want to track Call (CE) and Put (PE) contracts together in a straddle setup. It combines price tracking, daily VWAP, volatility highlights, and strength deviation into one tool.
Features:
✅ Plots Call, Put, and Straddle prices in real time.
✅ Calculates Daily VWAP for both CE & PE (with toggle control).
✅ Measures Strength (deviation from VWAP) for CE and PE, with optional smoothing.
✅ Highlights sudden volatility when straddle % change exceeds a user-defined threshold.
✅ Displays a live table with CE, PE, Straddle, Change %, and VWAP values.
✅ Zero-line reference to visualize bullish/bearish strength shift.
Use cases:
Monitor CE & PE movement together in intraday straddles.
Identify whether CE or PE is stronger relative to VWAP.
Spot volatility spikes via background highlights & labels.
⚠️ Disclaimer:
This script is for educational and analytical purposes only. It is not financial advice and should not be considered as buy/sell signals. Always use your own judgment and risk management before trading.
This indicator is built for options traders who want to track Call (CE) and Put (PE) contracts together in a straddle setup. It combines price tracking, daily VWAP, volatility highlights, and strength deviation into one tool.
Features:
✅ Plots Call, Put, and Straddle prices in real time.
✅ Calculates Daily VWAP for both CE & PE (with toggle control).
✅ Measures Strength (deviation from VWAP) for CE and PE, with optional smoothing.
✅ Highlights sudden volatility when straddle % change exceeds a user-defined threshold.
✅ Displays a live table with CE, PE, Straddle, Change %, and VWAP values.
✅ Zero-line reference to visualize bullish/bearish strength shift.
Use cases:
Monitor CE & PE movement together in intraday straddles.
Identify whether CE or PE is stronger relative to VWAP.
Spot volatility spikes via background highlights & labels.
⚠️ Disclaimer:
This script is for educational and analytical purposes only. It is not financial advice and should not be considered as buy/sell signals. Always use your own judgment and risk management before trading.
Release Notes
Updated VWAP with Dashed and Strength with Thich Line and removed Straddle PercentageProtected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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.