CE & PE with Daily/Weekly Signals & Short Straddle/Strangle

The "Interactive CE & PE with Daily/Weekly Signals & Short Straddle/Strangle" indicator is a custom tool for NIFTY options trading. It provides real-time tracking of Call (CE) and Put (PE) option prices on a 5-minute chart, with interactive strike selection. It features daily and weekly buy/sell signals based on price crossovers relative to 9:15 AM IST opens, highlighted with colored labels and boxes. A unique "Short Straddle/Strangle Day" status is displayed when both CE and PE close below their daily opens with a crossover, shown consistently in both CE and PE table columns for clarity.

Differences/Originality from Other TradingView IndicatorsInteractive Strike Selection:

1. Allows dynamic CE/PE input, unlike most static indicators.
Dual Timeframe Signals: Combines daily and weekly signals with IST-aligned opens, a rare feature.
2. Short Straddle/Strangle Detection: Unique condition-based status for options strategies, not found in standard indicators.
3. Unified Table Display: Displays status in both CE and PE columns for user clarity, distinguishing it from single-column designs.
4. Custom Visuals: Uses colored labels, boxes, and lines for intuitive signal visualization, enhancing usability over generic indicators.