PROTECTED SOURCE SCRIPT
Market-Intent
This "Market-Intent" indicator compares (By default) live NIFTY futures with a fixed-strike (upon day start) synthetic future (ATM ± wings) built from option premiums to detect where pricing pressure is stored and when it releases (“unwind”).
***you could study other scripts and their futures with respect to expiry dates (I would appreciate if you could list more observations on different underlying)
How to read this indicator:
BLUE + GREEN → bullish (calls absorbed)
Bias suggestion :
Favor upside continuation
Calls / call spreads preferred
Futures likely stable to higher
BLUE + RED → bearish (futures released)
Bias suggestion:
Expect futures weakness
Puts / protective structures preferred
Avoid aggressive longs
BLACK + GREEN → bullish (futures absorb)
Bias suggestion:
Favor long futures
Short calls / call credit spreads
Volatility compression likely
BLACK + RED → bearish (puts dominate)
Bias suggestion:
Downside risk elevated
Puts favored
Avoid short volatility
***you could study other scripts and their futures with respect to expiry dates (I would appreciate if you could list more observations on different underlying)
How to read this indicator:
BLUE + GREEN → bullish (calls absorbed)
Bias suggestion :
Favor upside continuation
Calls / call spreads preferred
Futures likely stable to higher
BLUE + RED → bearish (futures released)
Bias suggestion:
Expect futures weakness
Puts / protective structures preferred
Avoid aggressive longs
BLACK + GREEN → bullish (futures absorb)
Bias suggestion:
Favor long futures
Short calls / call credit spreads
Volatility compression likely
BLACK + RED → bearish (puts dominate)
Bias suggestion:
Downside risk elevated
Puts favored
Avoid short volatility
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.
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.