OPEN-SOURCE SCRIPT

Rolling Straddle Premium

Script is Basically intended to provide insight's on the Rolling Straddle premium for the selected index based on the input settings.

Important thing to consider for the script to work seamlessly:

Specify the LTP in the input field (need not be very accurate)
Specify the Expiry Date for the Option Strike.
Ensure Profile matches to the chart script (Index Script)

Note: Zones marked in Blue, is the max level that indicator can track the option prices. beyond which it may fail to track, during such time consider reloading the indicator with Latest LTP.

Labels on the chart indicate that If i had shorted the Straddle, what would be my current position of that Straddle. however the rational behind shorting is only the pivot high points (not sure if this is right or wrong! )

Note On Labels: Labels are delayed basis the pivot point candles specified in the indicator settings.

EN: Entry Price (Straddle Premium) of the Strike Specified.
Cur: Current Price (Current Straddle Premium) of the Strike Specified.
SH: Max Straddle Premium (Increase in Premium) since position is active.
SL: Min Straddle Premium (Premium Erosion) since position is active.

오픈 소스 스크립트

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.