Algo Chart - Trial

📝 Description

This indicator provides a comprehensive view of option straddles across multiple strikes, combining VWAP (Volume Weighted Average Price), strength analysis, and a visual table to quickly assess directional bias.

Features:

📊 Plots:

Call (CE), Put (PE), and Straddle prices.

CE & PE Daily VWAP lines.

CE & PE “Strength” (deviation from VWAP) with smoothing option.

📋 Multi-Strike Table:

Dynamically generates rows for base strike ± N steps.

Displays CE & PE VWAP values per strike.

Trend Dots (🟢 bullish, 🔴 bearish) showing relative strength.

Meter column (CE vs PE bias at each strike).

Call Power & Put Power totals across strikes.

Net Bias row (green for bullish, red for bearish).

⚡ Highlights volatility when Straddle % change exceeds user-defined threshold.

Inputs:

Base strike, step size, and range of strikes to monitor.

Expiry prefix (auto-generates CE/PE symbols).

Timeframe for option data requests.

Smoothing length & trend factor sensitivity.

Toggle VWAP lines on/off.

This tool is designed for options traders who want to:

Monitor CE/PE behavior around VWAP.

Compare strength across multiple strikes.

Identify where the bias (Call vs Put) is concentrated.

Spot unusual volatility events on the Straddle.

⚠️ Note: Availability of option data depends on your TradingView plan and your broker/data provider. If CE/PE symbols are not supported, some cells may display NA.