Institutional Straddle Scanner - Customizable

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🎯 INSTITUTIONAL STRADDLE SCANNER - PROFESSIONAL EDITION
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Advanced Options Trading Indicator with Customizable Buy Call & Buy Put Signals

📊 OVERVIEW

The Institutional Straddle Scanner is a professional-grade indicator designed for options traders who want to identify high-probability directional opportunities in Call and Put options. Built on institutional trading criteria, this indicator detects early momentum before major moves occur, giving you an edge in the options market.

Unlike traditional indicators that wait for price to cross VWAP or other lagging signals, this scanner uses a multi-factor analysis system that detects volume imbalances, premium momentum, sentiment shifts, and value opportunities in real-time.

🔥 KEY FEATURES

✅ DIRECTIONAL BUY SIGNALS
• 🚀 BUY CALL Signal - Green triangle appears when bullish criteria align
• 🔻 BUY PUT Signal - Red triangle appears when bearish criteria align
• Confidence scoring system (40-100%) with color-coded strength
• Early detection mode - no need to wait for VWAP crossover

✅ STRADDLE MOVEMENT DETECTION
• Detects when both Call and Put premiums start moving together
• Ideal for volatility expansion plays and earnings trades
• Shows exact movement percentage on dashboard
• Adjustable sensitivity and lookback period

✅ FULLY CUSTOMIZABLE CRITERIA
Every signal parameter is adjustable through the indicator settings:

🔹 BUY CALL CRITERIA (6 Factors)
1. Call Volume Dominance - Call volume > Put volume threshold
2. Call Premium Momentum - Minimum % price movement required
3. Bullish Sentiment (PCR) - Put-Call Ratio threshold for bullish bias
4. Call Undervalued - Premium below moving average by %
5. Straddle Above VWAP - Optional trend confirmation (disable for early signals)
6. Call Volume Spike - Volume vs average threshold

🔹 BUY PUT CRITERIA (6 Factors)
1. Put Volume Dominance - Put volume > Call volume threshold
2. Put Premium Momentum - Minimum % price movement required
3. Bearish Sentiment (PCR) - Put-Call Ratio threshold for bearish bias
4. Put Undervalued - Premium below moving average by %
5. Straddle Below VWAP - Optional trend confirmation (disable for early signals)
6. Put Volume Spike - Volume vs average threshold

✅ COMPREHENSIVE DASHBOARD
• Active signal display with confidence level
• Call and Put signal strength meters
• Straddle movement indicator
• Opportunity scanner with 6-factor scoring
• Real-time premium tracking (Call, Put, Straddle)
• Volume analysis with spike detection
• PCR (Put-Call Ratio) sentiment gauge
• Fully adjustable position and size

✅ PROFESSIONAL ALERTS
• BUY CALL Signal alert
• BUY PUT Signal alert
• Straddle Movement alert
• Strong opportunity alert (75+ score)
• VWAP crossover alert

📈 HOW TO USE

1️⃣ SETUP
• Add indicator to your TradingView chart
• Input your Call and Put option symbols in settings
• Choose your preferred criteria and thresholds
• Set minimum confidence level (lower = more signals)

2️⃣ SIGNAL INTERPRETATION
🚀 BUY CALL appears when:
- Call volume dominates Put volume
- Call premium showing upward momentum
- Market sentiment is bullish (low PCR)
- Call premium undervalued vs moving average
- Other enabled criteria are met

🔻 BUY PUT appears when:
- Put volume dominates Call volume
- Put premium showing upward momentum
- Market sentiment is bearish (high PCR)
- Put premium undervalued vs moving average
- Other enabled criteria are met

3️⃣ CONFIDENCE LEVELS
• 80-100% = 🟢 High conviction trade
• 70-79% = 🟡 Good opportunity
• 60-69% = 🟠 Moderate confidence
• Below 60% = ⚪ Wait for better setup

4️⃣ STRATEGY RECOMMENDATIONS

For Early Signals (Aggressive):
→ Set minimum confidence: 50-60%
→ Disable VWAP criteria
→ Lower momentum threshold: 1-2%
→ Enable straddle movement: 2-3%
→ Results: More signals, earlier entries

For Balanced Trading:
→ Set minimum confidence: 60-70% (default)
→ Keep VWAP criteria disabled
→ Momentum threshold: 2-3%
→ Straddle movement: 3-5%
→ Results: Good balance of quality and quantity

For High Quality (Conservative):
→ Set minimum confidence: 75-80%
→ Enable VWAP criteria
→ Momentum threshold: 3-5%
→ All volume criteria enabled
→ Results: Fewer but higher quality signals

⚙️ CUSTOMIZATION GUIDE

All criteria can be toggled ON/OFF and adjusted:

📌 Volume Thresholds (1.0-5.0x)
Control how much volume dominance is required

📌 Momentum % (0.5-10%)
Set minimum premium price movement needed

📌 PCR Thresholds
Adjust sentiment levels for bullish/bearish bias

📌 Value % (0-10%)
Define how undervalued premiums should be

📌 Confidence Level (40-100%)
Higher = fewer but stronger signals
Lower = more signals for active trading

📌 DTE Range (Days to Expiry)
Filter signals by option expiration timeframe

💡 USE CASES

1. Earnings Volatility Trading
Enable straddle movement detection to catch vol expansion

2. Directional Options Trading
Use Call/Put signals for directional bias entries

3. Premium Selling Entry Timing
Inverse the signals - sell when premiums spike above value

4. Spread Trading
Use signal strength differential for bull/bear spread setups

5. Institutional Flow Following
Volume dominance criteria tracks smart money movement

📊 WHAT MAKES THIS UNIQUE

✓ First indicator combining straddle analysis with directional signals
✓ Every parameter is adjustable - adapt to your trading style
✓ Early signal detection - don't wait for lagging indicators
✓ Institutional criteria - volume, sentiment, value, momentum
✓ Built-in opportunity scanner for overall market assessment
✓ Professional dashboard with real-time metrics
✓ Works on any timeframe (5m, 15m, 1H, 1D)
✓ Suitable for both day trading and swing trading

🎯 BEST PRACTICES

1. Use 5-15 minute timeframes for intraday trading
2. Verify DTE is in optimal range (7-45 days)
3. Check overall opportunity score before entering
4. Wait for confidence ≥70% for best risk/reward
5. Monitor straddle movement for volatility plays
6. Use in conjunction with price action and support/resistance
7. Set alerts to catch signals in real-time

⚠️ IMPORTANT NOTES

• This indicator is designed for Indian options (NSE/NFO)
• You must input correct Call and Put option symbols
• Signals are based on historical patterns and probabilities
• Always use proper risk management and position sizing
• Past performance does not guarantee future results
• Suitable for experienced options traders

🔔 ALERTS SETUP

1. Click "Add Alert" on the indicator
2. Choose desired alert condition:
- BUY CALL Signal
- BUY PUT Signal
- Straddle Moving
- Strong Buy Signal
3. Set notification preferences
4. Alert will fire when conditions are met

📚 RECOMMENDED SETTINGS FOR NIFTY OPTIONS

Intraday Trading (5-15min):
→ Minimum Confidence: 65%
→ Momentum: 2-3%
→ Volume threshold: 1.5-2.0x
→ Straddle movement: 3%

Swing Trading (1H-1D):
→ Minimum Confidence: 70%
→ Momentum: 3-5%
→ Volume threshold: 2.0-2.5x
→ Straddle movement: 5%

🎨 VISUAL FEATURES

• Color-coded candles (Bull/Bear)
• VWAP line with dynamic coloring
• Triangle markers for Buy signals on chart
• Professional dashboard with 3 sections:
1. Trade Signals (top)
2. Opportunity Scanner (middle)
3. Straddle Tracker (bottom)
• Movable and resizable table
• Clean, institutional-style interface

💼 WHO IS THIS FOR?

✓ Options day traders
✓ Options swing traders
✓ Institutional traders
✓ Professional options desks
✓ Traders using technical + options analysis
✓ Volume and sentiment-based traders
✓ Risk-defined options strategies

🚀 GETTING STARTED

1. Add indicator to chart
2. Input your option symbols (Call and Put)
3. Start with default settings
4. Observe signals for 1-2 days
5. Adjust criteria based on your preference
6. Set up alerts
7. Trade with confidence!

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📧 FEEDBACK & SUPPORT

If you find this indicator valuable, please leave a comment and boost!
Your feedback helps improve future updates.

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⚖️ DISCLAIMER

This indicator is for educational and informational purposes only. It should not be considered financial advice. Options trading involves substantial risk of loss. Always conduct your own research and consult with licensed financial advisors before making trading decisions. The creator of this indicator is not responsible for any trading losses incurred from using this tool.

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📌 VERSION: 1.0
📅 RELEASE DATE: December 2025
🔧 PINE SCRIPT VERSION: 5
💻 COMPATIBLE: TradingView Premium/Pro/Pro+

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#TechnicalAnalysis #VolumeAnalysis #InstitutionalTrading #ProfessionalTrading
#TradingSignals #OptionsScanner #PutCallRatio #PCR #VWAP #VolatilityTrading

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