Combined Premium Tracker (3 Strikes)

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The Combined Premium Tracker (3 Strikes) is a TradingView Pine Script indicator that monitors the total premium (Call + Put) of three different ATM option strikes. It applies a 75-period EMA to detect trends and generates buy/sell signals when the combined premium crosses the EMA. The script also provides alerts for potential breakouts and breakdowns, helping traders identify momentum shifts in option pricing.

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This Pine Script indicator tracks the combined premium of 5 different ATM option strikes (Call + Put) and applies a 75-period EMA to identify trends. It generates Buy/Sell signals based on EMA crossovers and plots them on separate panels. Additionally, alerts notify traders when a crossover occurs, helping in option trading decisions.