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Straddle/Strangle Premium with IV
This indicator visualizes combined Straddle or Strangle premium behavior as a single visual, helping traders understand straddle/strangle trend, volatility state, and directional bias in real time.
The combined premium can be displayed as:
Regular Candles, or
Heikin Ashi Candles for smoother trend interpretation.
Core Features
🔹 Combined Premium Price Action
Displays Call + Put combined premium as a chart
Helps track premium expansion and contraction
Makes volatility behavior visually intuitive
🔹 Trend Confirmation (Short Moving Average)
A short-term moving average is plotted on the premium chart
Line turns:
Green when premium is trading above it
Red when premium is trading below it
Helps identify premium trend direction in short-term.
🔹 Premium Strength Filter (Volume Moving Average)
A volume-based moving average is used to assess premium participation
When premium is:
Above the volume MA → Structure favors premium expansion (long bias)
Below the volume MA → Structure favors premium decay (short bias)
Useful for deciding whether the environment suits option for long or short
🔹 IV-Based Background State
Background color reflects the implied volatility condition of Call and Put premiums:
🟥 Red → High IV on both Call & Put premiums
🟩 Green → Low IV on both Call & Put premiums
🟨 Yellow → IV imbalance (one side high, one side low)
This helps traders instantly recognize volatility regimes and traps.
How traders can use this
Identify premium expansion vs decay phases
Time straddle/strangle buying and selling
Avoid trades during unfavorable IV conditions
Understand whether the market favors volatility or compression
Use alongside spot price and key levels for better context
Best Use Cases
Intraday trading
Expiry day analysis
Volatility-based strategies
Suitable for both option buyers and sellers
Important Note
This indicator is a context and structure tool, not a buy/sell signal system.
It is designed to improve decision-making and risk awareness in options trading.
The combined premium can be displayed as:
Regular Candles, or
Heikin Ashi Candles for smoother trend interpretation.
Core Features
🔹 Combined Premium Price Action
Displays Call + Put combined premium as a chart
Helps track premium expansion and contraction
Makes volatility behavior visually intuitive
🔹 Trend Confirmation (Short Moving Average)
A short-term moving average is plotted on the premium chart
Line turns:
Green when premium is trading above it
Red when premium is trading below it
Helps identify premium trend direction in short-term.
🔹 Premium Strength Filter (Volume Moving Average)
A volume-based moving average is used to assess premium participation
When premium is:
Above the volume MA → Structure favors premium expansion (long bias)
Below the volume MA → Structure favors premium decay (short bias)
Useful for deciding whether the environment suits option for long or short
🔹 IV-Based Background State
Background color reflects the implied volatility condition of Call and Put premiums:
🟥 Red → High IV on both Call & Put premiums
🟩 Green → Low IV on both Call & Put premiums
🟨 Yellow → IV imbalance (one side high, one side low)
This helps traders instantly recognize volatility regimes and traps.
How traders can use this
Identify premium expansion vs decay phases
Time straddle/strangle buying and selling
Avoid trades during unfavorable IV conditions
Understand whether the market favors volatility or compression
Use alongside spot price and key levels for better context
Best Use Cases
Intraday trading
Expiry day analysis
Volatility-based strategies
Suitable for both option buyers and sellers
Important Note
This indicator is a context and structure tool, not a buy/sell signal system.
It is designed to improve decision-making and risk awareness in options trading.
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TradingView不建議在未完全信任作者並了解其運作方式的情況下購買或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
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免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
僅限邀請腳本
僅作者批准的使用者才能訪問此腳本。您需要申請並獲得使用許可，通常需在付款後才能取得。更多詳情，請依照作者以下的指示操作，或直接聯絡VigneshPalanisamy。
TradingView不建議在未完全信任作者並了解其運作方式的情況下購買或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
Kindly Dm or comment to request access!
Follow me on instagram for frequent updates.
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。