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X C/P VP

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Description

The X C/P VP indicator visualizes intraperiod option flow dynamics for any selected call and put contracts. It plots the volume of both options as overlapping histograms, allowing traders to observe where liquidity and participation are concentrated.

A small dot appears above a bar only when the option’s closing price increases relative to the prior bar, providing an immediate visual cue of upward price pressure within volume spikes.
By combining these two layers—volume intensity and directional confirmation—the indicator makes it easy to spot where the market is actively repricing risk across the call/put structure.

Use Case

Designed for 0DTE and short-dated options, especially index ETFs such as QQQ or SPY.

Helps traders compare call vs. put participation to gauge sentiment skew and intraday balance.

Useful for monitoring volume surges tied to delta hedging, gamma shifts, or option repricing following volatility or directional moves.

Can be applied on 1-minute to 15-minute timeframes to observe how option volume evolves through key market sessions (e.g., open, midday, close).

Dots highlight periods where premium expansion accompanies increased volume—often an early sign of momentum or positioning bias.

Summary

X C/P VP serves as a lightweight, visually intuitive tool to read the rhythm of call and put activity intraday—offering an at-a-glance pulse of which side of the options market is taking control.
릴리즈 노트
made it easier to enter contract and also then to change strike quickly. also created an aggregator toggle that takes data from ATM strike and added +-1 point data.
릴리즈 노트
clean up setting page
릴리즈 노트
added note at top

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