Straddle (Options CE+PE) with Daily VWAP & Strength

vor 3 Tagen

📌 Description (TradingView Publish)

This indicator is built for options traders who want to track Call (CE) and Put (PE) contracts together in a straddle setup. It combines price tracking, daily VWAP, volatility highlights, and strength deviation into one tool.

Features:

✅ Plots Call, Put, and Straddle prices in real time.

✅ Calculates Daily VWAP for both CE & PE (with toggle control).

✅ Measures Strength (deviation from VWAP) for CE and PE, with optional smoothing.

✅ Highlights sudden volatility when straddle % change exceeds a user-defined threshold.

✅ Displays a live table with CE, PE, Straddle, Change %, and VWAP values.

✅ Zero-line reference to visualize bullish/bearish strength shift.

Use cases:

Monitor CE & PE movement together in intraday straddles.

Identify whether CE or PE is stronger relative to VWAP.

Spot volatility spikes via background highlights & labels.

⚠️ Disclaimer:
This script is for educational and analytical purposes only. It is not financial advice and should not be considered as buy/sell signals. Always use your own judgment and risk management before trading.

vorgestern

Versionshinweise

Updated VWAP with Dashed and Strength with Thich Line and removed Straddle Percentage