This Pine Script is a comprehensive tool designed for traders analyzing options data on TradingView. It aggregates multiple symbols to calculate and visualize cumulative performance, providing essential insights for decision-making.
Key Features: Symbol and Strike Price Configuration:
Supports up to four configurable symbols (e.g., NIFTY options). Allows defining buy/sell actions, quantities, and entry premiums for each symbol. Customizable Chart Display:
Plot candlesticks and line charts for cumulative data. Configurable Exponential Moving Averages (EMAs) for technical analysis. Entry and price lines with customizable colors. Timeframe Management:
Supports higher timeframe (HTF) candles. Ensures compatibility with the current chart timeframe to maintain accuracy. Dynamic Coloring and Visualization:
Red, green, and gray color schemes for body and wicks of candlesticks based on price movements. Customizable positive and negative color schemes. Table for Data Representation:
Displays an info table showing symbols, quantities, entry prices, and latest traded prices (LTP). Adjustable table position, overlay, and styling. Premium and Profit/Loss Calculations:
Calculates cumulative open, high, low, and close prices considering premiums and quantities. Tracks the profit and loss dynamically based on cumulative premiums and market prices. Alerts and Notifications:
Alerts triggered on specific conditions, such as when the profit/loss turns negative. Modular Functions:
Functions for calculating high/low/open/close values, combining premiums, and drawing candlesticks. Utilities for symbol management and security requests. Custom Settings:
Includes a wide range of input options for customization: Timeframes, EMA lengths, colors, table configurations, and more. Error Handling:
Validates timeframe inputs to ensure compatibility and prevent runtime errors. This script is designed for advanced traders looking for a customizable tool to analyze cumulative options data efficiently. By leveraging its modular design and visual elements, users can make informed trading decisions with a holistic view of market movements.