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:

1. ATM line plotted clearly on the chart.
   
2. CE and PE premium labels are displayed on each side of the ATM line.
   
3. 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

1. Bullish Bias: CPVR ≥ 1.25
   
2. Bearish Bias: CPVR ≤ 0.75
   
3. Neutral Zone: Between 0.75 and 1.25
   

⚙️ Customization

1. Adjustable colors for ATM line, CE/PE labels, and CPVR.
   
2. 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