OPEN-SOURCE SCRIPT
Updated Options Levels Support and Resistance
Are you sometimes clueless of where you are going to find support or resistance for the stock price? Nothing can be more powerful than market positioning via options levels.
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.
This code simply renders the levels I calculate using external software. I had to make the code as short as possible to accommodate more tickers, reason why there is no commenting.
The last update time (New York/EST) is shown in the dashboard.
This indicator visualizes key institutional options levels including short-term and longer-term Put/Call Walls, and projected implied move ranges.
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 440 of the most popular tickers.
- Presents gamma flip levels for indexes SPX, RUT, NDX and VIX
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.
This code simply renders the levels I calculate using external software. I had to make the code as short as possible to accommodate more tickers, reason why there is no commenting.
The last update time (New York/EST) is shown in the dashboard.
Release Notes
Jan 15, 10:24aRelease Notes
Jan 15, 10:52aRelease Notes
Jan 15, 11:21aRelease Notes
Jan 15, 12:20pRelease Notes
Jan 15, 12:20pRelease Notes
Jan 15, 1:20pRelease Notes
Jan 15, 4:46pRelease Notes
bug fixingRelease Notes
Jan 16, 10:15aRelease Notes
Jan 16, 10:43aRelease Notes
changed version to 6Release Notes
11:40amRelease Notes
Jan 16, 1:28pRelease Notes
Jan 16, 3:19pRelease Notes
Jan 16, 6:05pRelease Notes
pre-market, implied move and volatility will be offRelease Notes
Jan 17 10:30aRelease Notes
Jan 17, 11:38aRelease Notes
Jan 17, 1:18pRelease Notes
Jan 17, 3:44pRelease Notes
Jan 21 10:30aRelease Notes
Jan 21 noonRelease Notes
Jan 21, 1:59pRelease Notes
Jan 21, 4:09pRelease Notes
Apologies, today many tickers got me errors so only a subset was available throughout the day.Jan 21, 6:24p
Release Notes
Jan 22, 8:35aRelease Notes
Jan 22, 10:50aRelease Notes
Jan 22, 12:57pRelease Notes
Jan 22 2:50pRelease Notes
extra tickersRelease Notes
Jan 23, 10:23aRelease Notes
Jan 23, 11:23aRelease Notes
Jan 23, 2:05pRelease Notes
Jan 24, 10:31aRelease Notes
Jan 24, 12:14pRelease Notes
Jan 24, 4:57pRelease Notes
Jan 25, 6:31pRelease Notes
Jan 27, 10:26a - deepseek carnageRelease Notes
Jan 27, 11:04aRelease Notes
an 27, 12:02pRelease Notes
Jan 27, 3:23pRelease Notes
Jan 27, 4:51pRelease Notes
Jan 28, 11:11a
Dad, trader, technologist, cyclist, and a modern stoic who loves dachshunds, espresso and landscape photography in no particular order.
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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Dad, trader, technologist, cyclist, and a modern stoic who loves dachshunds, espresso and landscape photography in no particular order.
Disclaimer
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