MultiPrem+ Pro Enhanced

MultiPrem+ Pro Enhanced - Options Strategy Premium Tracker

Overview
A comprehensive TradingView indicator designed for professional options traders to track, analyze, and optimize multi-leg options strategies in real-time. This indicator monitors combined premiums across 70 pre-configured options strategies with automated ATM strike detection, performance tracking, and technical analysis integration.

Key Features
📊 70 Pre-Built Options Strategies
Access a complete library of professional options strategies organized by category:

Calendar & Diagonal Spreads (8 strategies)
Iron Strategies (6 strategies)
Straddle & Strangle Variants (8 strategies)
Butterfly Spreads (8 strategies)
Vertical Spreads (8 strategies)
Ratio Spreads (7 strategies)
Condor Variants (6 strategies)
Synthetic & Arbitrage (7 strategies)
Protection Strategies (6 strategies)
Advanced Multi-Leg (6 strategies)

🎯 Automated ATM Strike Detection
Auto-capture at 9:20 AM: Automatically detects and sets the At-The-Money strike level at market open

Manual Override: Option to set custom ATM levels based on your analysis

Dynamic Adjustment: Adapts to NIFTY, BANKNIFTY, and SENSEX with proper strike intervals

📈 Real-Time Premium Tracking

Combined Premium Display: Visualizes net premium of all legs as a single line
Entry Tracking: Records strategy premium at 9:20 AM entry point
Day High/Low Monitoring: Tracks maximum profit and loss potential throughout the day
Live P&L Display: Shows current profit/loss with color-coded visualization

🔧 Technical Indicator Integration
Choose from 10 popular indicators to overlay on premium charts:
Moving Averages (SMA, EMA)
Momentum Indicators (RSI, MACD, Stochastic)
Volatility Indicators (Bollinger Bands, ATR)
Trend Indicators (ADX, CCI, Williams %R)
📋 Interactive Strategy Table
Comprehensive table displaying:

Individual leg details (Strike, Type, Position, Premium)
Net Debit/Credit calculation
Quantity multipliers for ratio strategies
Real-time Greeks (Delta, Theta)
Premium tracking metrics with P&L

🎨 Visual Premium Analysis
Color-Coded Premium Lines:
Debit Strategies: Green when profitable, Red when losing
Credit Strategies: Properly inverted color logic
Strategy Suggestions: AI-based recommendations based on current market conditions
Alert System: JSON-formatted alerts for automated trading systems

How to Use Efficiently
Initial Setup
Select Your Index: Choose between NIFTY, BANKNIFTY, or SENSEX
Choose Expiry Period: Select from Current Week, Next Week, Current Month, or Next Month
Pick Your Strategy: Select from 70 available strategies in the dropdown
Configure Strike Width: Adjust the multiplier for wider or narrower spreads

Daily Trading Workflow
Morning Setup (9:15-9:20 AM)
Enable "Auto-detect ATM at 9:20 AM" for automatic strike level capture
Select your preferred strategy based on market outlook
Wait for the 9:20 AM bar to complete for ATM detection
Verify the captured ATM level in the tracking table

Position Monitoring
Check Entry Premium: View "Premium @ 9:20" in the tracking section
Monitor P&L: Watch "Current P&L" for real-time profit/loss
Track Extremes: "Day High" shows maximum profit reached, "Day Low" shows maximum drawdown

Follow Indicator Signals: Use the overlaid technical indicator for exit timing
Strategy Optimization

Use Indicator Overlay: Apply technical indicators to identify trend changes
Watch Color Changes: Premium line color changes indicate profit/loss transitions
Monitor Greeks: Check Net Delta and Theta for position risk assessment
Review Suggestions: Consider the AI-suggested strategies for market conditions
Advanced Features

Multi-Timeframe Analysis
Switch between 1-minute to daily timeframes for different perspectives
Use lower timeframes for entry/exit precision
Use higher timeframes for trend confirmation

Custom Adjustments
Strike Width Multiplier: Increase for wider spreads in volatile markets
Ratio Quantity: Adjust for ratio strategies (2x, 3x, etc.)
Manual ATM Override: Set custom ATM levels for specific market scenarios

Table Customization
Position: Place the table anywhere on your chart
Size: Choose from tiny, small, or normal text sizes
Display Options: Toggle P&L info and premium tracking sections

Best Practices
Pre-Market Preparation: Load the indicator before market open to ensure proper ATM capture
Strategy Selection: Choose strategies that align with your market view and risk tolerance
Premium Monitoring: Focus on net premium movements rather than individual legs
P&L Management: Use the Day High/Low metrics to set profit targets and stop losses
Technical Confirmation: Combine premium analysis with indicator signals for better timing
Alert Configuration
Set up alerts for:

Premium crossing above/below indicator levels
Significant P&L changes
Strategy entry/exit signals
ATM level captures
Supported Exchanges & Symbols
NSE: NIFTY and BANKNIFTY options
BSE: SENSEX options
Automatic symbol construction for all expiries
Real-time premium updates from exchange feeds
Performance Tips
Use 5-minute timeframe for optimal ATM detection
Keep the table visible for quick reference
Monitor color changes for profit/loss transitions
Set alerts for key premium levels
Review daily high/low for strategy performance assessment
This indicator transforms complex multi-leg options strategies into simple, actionable visual insights, enabling traders to make informed decisions quickly and efficiently in fast-moving markets.