OPEN-SOURCE SCRIPT
Advanced Options Trade Strategy
To read the script, focus on these key parts:
Strategy Name and Inputs – The script starts by defining the strategy name and input settings for RSI, moving averages, ATR, and volume thresholds.
Calculations – It calculates RSI, moving averages, and ATR to analyze price movement.
Trade Signals – The script checks for bullish (buy) or bearish (sell) conditions using RSI, moving averages, and volume.
Plotting – Moving averages and trade signals are plotted directly on the chart for visualization.
Buy/Sell Labels – Labels appear on the chart showing exact strike prices for call and put options.
Alerts – Alerts notify you when a buy or sell condition is met.
Entry Logic – The strategy automatically enters trades when conditions are triggered.
Strategy Name and Inputs – The script starts by defining the strategy name and input settings for RSI, moving averages, ATR, and volume thresholds.
Calculations – It calculates RSI, moving averages, and ATR to analyze price movement.
Trade Signals – The script checks for bullish (buy) or bearish (sell) conditions using RSI, moving averages, and volume.
Plotting – Moving averages and trade signals are plotted directly on the chart for visualization.
Buy/Sell Labels – Labels appear on the chart showing exact strike prices for call and put options.
Alerts – Alerts notify you when a buy or sell condition is met.
Entry Logic – The strategy automatically enters trades when conditions are triggered.
Open-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
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