OPEN-SOURCE SCRIPT

Options Levels Support and Resistance

Actualizado
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:

  • 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.
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Jan 15, 10:24a
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Jan 15, 10:52a
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Jan 15, 11:21a
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Jan 15, 12:20p
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Jan 15, 12:20p
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Jan 15, 1:20p
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Jan 15, 4:46p
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bug fixing
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Jan 16, 10:15a
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Jan 16, 10:43a
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changed version to 6
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11:40am
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Jan 16, 1:28p
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Jan 16, 3:19p
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Jan 16, 6:05p
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pre-market, implied move and volatility will be off
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Jan 17 10:30a
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Jan 17, 11:38a
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Jan 17, 1:18p
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Jan 17, 3:44p
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Jan 21 10:30a
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Jan 21 noon
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Jan 21, 1:59p
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Jan 21, 4:09p
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Apologies, today many tickers got me errors so only a subset was available throughout the day.

Jan 21, 6:24p
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Jan 22, 8:35a
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Jan 22, 10:50a
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Jan 22, 12:57p
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Jan 22 2:50p
optionsPivot points and levels

Script de código abierto

Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.

¿Quiere utilizar este script en un gráfico?


Dad of James, trader, technologist, cyclist, and a modern stoic who loves dachshunds, espresso and landscape photography in no particular order.
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