OPEN-SOURCE SCRIPT
Put Options Buy/Sell Signals
Why This Works for 5-Minute to 1-Hour Timeframes
MACD (12, 26, 9): Responsive enough for short-term momentum shifts without excessive noise.
20-Period SMA: Covers roughly 1.5 hours on a 5-minute chart or 20 hours on a 1-hour chart, balancing sensitivity and trend confirmation. You can adjust this period (e.g., 10 for 5-minute, 50 for 1-hour) based on preference.
The combination filters out false signals while capturing significant moves, ideal for options trading where timing is critical.
How to Use It
Add to TradingView:
Open the Pine Editor in TradingView, paste the code, and save it.
Add the indicator to your chart.
Interpret Signals:
Red Downward Triangle: Buy a put option, expecting the price to drop.
Green Upward Triangle: Sell your put option to take profits.
Adjust Settings:
For a 5-minute chart, try a shorter SMA (e.g., 10) or faster MACD (e.g., 5, 13, 6) if signals feel delayed.
For a 1-hour chart, the defaults (20 SMA, 12,26,9 MACD) should work well.
Combine with Analysis:
Check volume, support/resistance, or volatility (e.g., ATR) manually to confirm signals, as these aren’t included in the script.
MACD (12, 26, 9): Responsive enough for short-term momentum shifts without excessive noise.
20-Period SMA: Covers roughly 1.5 hours on a 5-minute chart or 20 hours on a 1-hour chart, balancing sensitivity and trend confirmation. You can adjust this period (e.g., 10 for 5-minute, 50 for 1-hour) based on preference.
The combination filters out false signals while capturing significant moves, ideal for options trading where timing is critical.
How to Use It
Add to TradingView:
Open the Pine Editor in TradingView, paste the code, and save it.
Add the indicator to your chart.
Interpret Signals:
Red Downward Triangle: Buy a put option, expecting the price to drop.
Green Upward Triangle: Sell your put option to take profits.
Adjust Settings:
For a 5-minute chart, try a shorter SMA (e.g., 10) or faster MACD (e.g., 5, 13, 6) if signals feel delayed.
For a 1-hour chart, the defaults (20 SMA, 12,26,9 MACD) should work well.
Combine with Analysis:
Check volume, support/resistance, or volatility (e.g., ATR) manually to confirm signals, as these aren’t included in the script.
Script de código aberto
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.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script de código aberto
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.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.