Option Volume Wave Flow

10 小時前

Option Wave graph. Takes into consideration call/put volume to identify the wave of where money is moving to. Goal is to identify fake outs

3 小時前

發行說明

This script allows you to see the volume build for 3 calls and puts of your desired strike price. Ideally, one strike for call & put is ATM, one for OTM and one for ITM. This will give you a holistic view of what big money is doing with their positions, allowing you to be on the right side of it.

Your “knobs” for directional accuracy
Strike selection (call1, put1, call2, put2, …)
– ATM vs OTM strikes changes sensitivity vs breadth.

Timeframe.period in request.security
– Lower = real-time pulse; higher = smoother trend.

Number of strikes
– More strikes = fuller aggregate, but watch Pine limits.

Smoothing on your net‐flow line
– EMA or SMA can clarify the buildup direction.

By moving your inputs between near-money and farther-OTM strikes, and by adding a simple EMA on the net‐flow, you’ll get a crystal-clear sense of which way the option flow is really building.

2 小時前

發行說明

Made the Call Bar graph above zero, and put graph below zero. Will be creating one soon that mimics Flowtopia Wave indicator line graph. stay tooned.