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, 11:11aRelease Notes
Jan 28, 1:44pRelease Notes
Jan 29, 12:14pRelease Notes
Jan 29, 3:11pRelease Notes
* 4 new tickers addedRelease Notes
- levels now show distance % relative to priceRelease Notes
Jan 30, 10:22aRelease Notes
Jan 30, 12:18pRelease Notes
Jan 30, 3:32pRelease Notes
Jan 31, 10:22aRelease Notes
Jan 31, 2:04pRelease Notes
Jan 31, 3:59p - the tariff dipRelease Notes
weekend updateRelease Notes
Feb 3, 10:31aRelease Notes
Feb 3, 11:35aRelease Notes
Feb 3, 3:29pRelease Notes
Feb 4, 10:41aRelease Notes
Feb 4, 11:44aRelease Notes
Feb 4, 1:42pRelease Notes
Feb 4, 2:47pRelease Notes
Feb 5, 10:46aRelease Notes
Feb 5, 1:16pRelease Notes
Feb 6, 10:31aRelease Notes
Feb 6, 11:41aRelease Notes
Feb 6, 1:52pRelease Notes
Feb 6, 4:03pRelease Notes
Feb 7, 10:28aRelease Notes
"Feb 7, 12:27pRelease Notes
Feb 7, 2:07pRelease Notes
Feb 7, 3:52pRelease Notes
Feb 10, 10:27aRelease Notes
Feb 10, 11:33aRelease Notes
Feb 10, 2:16pRelease Notes
Feb 10, 3:54pRelease Notes
Feb 11, 11:31aRelease Notes
Feb 11, 3:27pRelease Notes
Feb 11, 4:13pRelease Notes
Feb 12, 11:38aRelease Notes
Feb 12, 12:39pRelease Notes
Feb 12, 3:38pRelease Notes
Feb 13, 10:30aRelease Notes
Feb 13, 11:48aRelease Notes
Feb 13, 2:35pRelease Notes
added new tickersRelease Notes
Removed clutter with simpler labels. You can hover over them for more detailsRelease Notes
Feb 14, 10:24aRelease Notes
Feb 14, 1:30pRelease Notes
Feb 14, 3:43pRelease Notes
Now allowing to extend all lines to the leftRelease Notes
Added a "Fib Target" based on call and putt walls. The idea if for you to set targets to take profits. Let me know about your experience using it.Release Notes
Corrected Fib LevelRelease Notes
Feb 18, 10:33aRelease Notes
Feb 18, 11:48aRelease Notes
Indicator is down with data sources down. I'm traveling which makes it harder to fix. Hopefully in the next 24hs, most likely only next week.Release Notes
And we are back. - Feb 19, 12:32pRelease Notes
Feb 19, 2:11pRelease Notes
Feb 19, 3:43pRelease Notes
Feb 20, 1:54pRelease Notes
Feb 21, 1:15pRelease Notes
Feb 21, 3:08pRelease Notes
Feb 21, 4:06pRelease Notes
Feb 24, 10:32aRelease Notes
Feb 24, 11:32aRelease Notes
Feb 24, 2:17pRelease Notes
Feb 24, 3:48pRelease Notes
"Feb 24, 10:44pRelease Notes
Feb 25, 10:51aRelease Notes
Feb 25, 12:38pRelease Notes
Feb 25, 2:51pRelease Notes
Feb 25, 4:35pRelease Notes
Feb 26, 11:07aRelease Notes
Feb 26, 12:16pRelease Notes
Feb 26, 3:43pRelease Notes
Feb 27, 10:33aRelease Notes
Feb 27, 1:32pRelease Notes
* Now you can define the percentage for price to be considered close to the put or call wall, default 0.1%Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Dad, trader, technologist, cyclist, and a modern stoic who loves dachshunds, espresso and landscape photography in no particular order.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Dad, trader, technologist, cyclist, and a modern stoic who loves dachshunds, espresso and landscape photography in no particular order.
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.