Strikeprice — Indicadores e Estratégias

Signal Algo - Elephant Edge Description Signal Algo - Advance Elephant Edge is a rule-based, intraday detection system that combines candle-pattern logic with session-driven support and resistance zones. creating a clean confluence-based signal that removes noise. This tool is designed for traders who prefer structured rules over subjective drawing, and want clear, event-driven alerts without unrealistic promises or over-optimized behavior. What This Script Does (Short & Simple) 1. Hammer-Type Candle Detection The script looks for long-wick hammer or inverted hammer candles using your wick-ratio setting. It also checks candle size, body size, and doji conditions so that only clean and meaningful rejection candles are highlighted. 2. Session-Based Percentile Support & Resistance The indicator calculates percentile levels from previous sessions and plots up to four upper and lower S/R lines around the daily open. These levels act as dynamic zones where price often reacts. 3. Optional Strike-Price Zones For symbols that move around round numbers or strike intervals, the script can draw strike-based S/R lines (like 50 or 100 points) You can choose solid or dotted lines and select how many zones to show. 4.Higher-Timeframe Trend Background A light green or red background shows the overall trend direction. Green = bullish bias, Red = bearish bias. 🔶 USAGE & EXAMPLES Elephant Support & Resistance Elephant Support & Resistance creates intraday support and resistance levels using percentile data from previous sessions. Instead of drawing lines manually, calculates how far price usually moves above and below previous sessions. and then plots those levels automatically. Each percentile pair (Level 1–4) gives one upper line and one lower line. These lines represent price zones where the market has reacted many times in the past. When price reaches these levels, it often pauses, reverses, or shows rejection candles. 🔶USAGE & EXAMPLES Strike Price Support & Resistance Strike Price Zones are plotted because most markets naturally react around fixed strike levels. Every index, stock, or international market has its own commonly traded strike prices. These levels attract large traders and institutions, who often build positions around them. When price moves toward one of these strike levels, big players frequently defend or reject that zone. As a result, price may pause, reverse, or show strong reactions at or near these strikes. Because of this behavior, Strike Price Zones work as practical intraday support and resistance levels. They help traders see where important reactions can occur, where momentum may slow down, and where potential reversals may form. These zones are not buy/sell signals by themselves, but they provide a simple, objective roadmap of key levels that the market respects during the session. 🔷 FEATURES 1. Hammer-Based Rejection Signals 2. Candle Size Filtering 3. Elephant Percentile Support & Resistance 4. Strike Price Support & Resistance Zones 5. Combined Confluence Logic 6. Higher-Timeframe Trend Background 7. Clean Visual Layout 8. Yellow Highlight Candle 9. Intraday Session Handling 10. Built-In Alerts 11. Fully Customizable Inputs 12. Lightweight & Rule-Driven Design 🔴 RISK DISCLAIMER Trading is risky & most day traders lose money. All content, tools, scripts, articles, & education provided by Signal Algo are purely for informational & educational purposes only. Past performance does not guarantee future results.

ATM Strike Line with Call & Put Premiums (ARJO)This indicator is designed specifically for the Indian market (NSE) and helps traders visualize the At-The-Money (ATM) strike line along with real-time Call (CE) and Put (PE) option premiums. Key Features Automatic ATM Detection: The script automatically identifies the ATM strike based on the underlying price, with an option for manual input. Dynamic Expiry Control: Select expiry date easily (Year, Month, Day) in YYMMDD format. Flexible Timeframe Support: Choose between the chart’s current timeframe or custom intervals. Smart Symbol & Strike Interval: Automatically adapts to the selected underlying symbol (e.g., NIFTY, BANKNIFTY, RELIANCE, etc.) or allows manual setup. Visual Representation: ATM line plotted clearly on the chart. CE and PE premium labels are displayed on each side of the ATM line. ATM strike price label shown at the center. Call–Put Volume Ratio (CPVR): Displays the live CPVR value to quickly assess market sentiment. CPVR Interpretation Bullish Bias: CPVR ≥ 1.25 Bearish Bias: CPVR ≤ 0.75 Neutral Zone: Between 0.75 and 1.25 ⚙️ Customization Adjustable colors for ATM line, CE/PE labels, and CPVR. Option to manually select strike, symbol, and interval for maximum flexibility. This tool may help to track option sentiment directly on the price chart, making it ideal for option traders and intraday analysts focusing on NIFTY, BANKNIFTY, and other NSE stocks. Happy Trading. ARJO

Bank Nifty strike price 2/3σ Calculates the strike prices for the Bank Nifty index in steps of 50 and marks the 2 and 3 sigma price levels.

portfolio_strikes A simple script for keeping track of your options portfolio. Basically, you can write one line of code per strategy (single, vertical, or strangle) to keep a line drawn on the underlying's chart, at the strike price, from the current bar until expiration. See the comments at the top of the code for more explanation.