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deepseek_indicator [2025/03/28 04:43] – created lwattsiideepseek_indicator [2025/03/28 05:23] (current) – [Table of Contents] lwattsii
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-Best Indicators for Options Trading (Tradovate, ThinkorSwim, NinjaTrader, etc.) +====== Options Trading Indicators ====== 
-Setting up the right indicators can help you identify trends, volatility, and entry/exit points for options trading. Below are the most effective indicators for options traders, along with setup guides for platforms like Tradovate, ThinkorSwim (TOS), and TradingView.+//Last Updated: {{NEWDATE}}//
  
-🔹 Top 5 Indicators for Options Trading +===== Table of Contents ===== 
-1. Implied Volatility (IV) & IV Rank/IV Percentile +  * [[Day 1 Setup|Day 1 Setup]] 
-Why? Options prices depend heavily on volatility. High IV = expensive premiums, Low IV = cheaper premiums.+  * [[mobile90|Deep Seet 90 Day Mobile Plan]] 
 +  * [[90dayplan|DeepSeek 90 Day Plan]] 
 +  * [[successguide|Success Guide]] 
 +  * [[#core_indicators|Core Indicators]] 
 +  * [[#platform_setup|Platform Setup]] 
 +  * [[#strategy_combos|Strategy Combinations]] 
 +  * [[#pro_tips|Pro Tips]]
  
-Best for: Selling options (credit spreads, iron condors) when IV is high.+===== Core Indicators ===== 
 +=== 1. Implied Volatility (IV) === 
 +<code> 
 +**Purpose:** Measures expected price movement (options pricing)   
 +**Best For:** Selling premium when high   
 +**Key Thresholds:** 
 +  * IV Rank >50% → Good for selling 
 +  * IV Percentile >70% → Overpriced 
 +</code>
  
-Platform Setup:+=== 2. Volume Profile + VWAP === 
 +<code> 
 +**Purpose:** Identifies liquidity levels   
 +**Usage:**  
 +  * POC (Point of Control) = Strong S/R 
 +  * VWAP = Trend confirmation 
 +</code>
  
-ThinkorSwim: Add ImpVolatility study or use the "IV Rank" and "IV Percentile" indicators (under Studies > Volatility).+===== Platform Setup ===== 
 +=== ThinkorSwim === 
 +<code toc> 
 +1. Charts → Studies → Add: 
 +   * ''ImpVolatility'' 
 +   * ''VolumeProfile'' 
 +   * ''PutCallRatio'' 
 +2. Save as template (Right-click → Save Study Set) 
 +</code>
  
-TradingView: Use (IV) or custom scripts like "IV Rank/Percentile".+=== Tradovate === 
 +<code toc> 
 +1. Chart → Indicators → Add: 
 +   * Volume Profile 
 +   * Bollinger Bands (20,2) 
 +2. Note: Requires external IV data 
 +</code>
  
-2. Volume Profile + VWAP (Volume-Weighted Average Price) +===== Strategy Combinations ===== 
-Why? Shows key support/resistance levels based on trading volume.+^ Strategy       ^ Indicators                 ^ Trigger Condition          ^ 
 +| Credit Spreads | IV Rank + Volume Profile   | IV Rank >50% at POC        | 
 +| Directional    | RSI(14) + MACD             | RSI <30/MACD crossover    | 
 +| Earnings Plays | PCR + OI Changes           | PCR spike + OI buildup    |
  
-Best for: Identifying high-probability strike prices for selling options.+===== Pro Tips ===== 
 +<code> 
 +1. **Confirmation:** Always use 2+ indicators (e.g., High IV + Overbought RSI) 
 +2. **Timeframes:**  
 +   * Day trading: 5-min charts with tighter bands 
 +   * Swing trades: Daily charts with standard settings 
 +3. **Backtesting:** Test combos in paper trading first 
 +</code>
  
-Platform Setup:+====== Cheat Sheet ====== 
 +<code> 
 +{{NEWTAG>red|SELL SIGNALS}} 
 +• IV Rank >50%  
 +• RSI >70 + Price at upper BB
  
-Tradovate/NinjaTrader: Add "Volume Profile" and "VWAP" from the indicator list. +{{NEWTAG>green|BUY SIGNALS}}   
- +• IV Rank <30%   
-ThinkorSwim: VolumeProfile and VWAP under Studies > Volume Studies. +• RSI <30 + MACD crossover 
- +</code>
-3. Relative Strength Index (RSI) + MACD +
-Why? Confirms overbought/oversold conditions before entering trades. +
- +
-Best for: Timing long calls/puts and avoiding reversals. +
- +
-Settings: +
- +
-RSI (14-period, 70/30 levels) +
- +
-MACD (12,26,9) +
- +
-Platform Setup: Available on all platforms (default indicator). +
- +
-4. Bollinger Bands (BB) + Keltner Channels +
-Why? Measures volatility contraction/expansion (great for strangles/straddles). +
- +
-Best for: Selling options when bands tighten (low volatility) before expansion. +
- +
-Settings: +
- +
-Bollinger Bands (20,2) +
- +
-Keltner Channels (20,1.5-2.5 ATR multiplier) +
- +
-Platform Setup: Available in TradingView, TOS, NinjaTrader. +
- +
-5. Put/Call Ratio (PCR) & Open Interest (OI) Changes +
-Why? Shows market sentiment (extreme PCR = potential reversal). +
- +
-Best for: Contrarian options strategies (fading extremes). +
- +
-Platform Setup: +
- +
-ThinkorSwim: PutCallRatio (under Studies > Sentiment). +
- +
-TradingView: Use PCR custom scripts. +
- +
-🔧 How to Set Up These Indicators (Step-by-Step) +
-For Tradovate (Web/Mobile) +
-Open Chart → Click "Indicators" (top toolbar). +
- +
-Search & add: +
- +
-Volume Profile +
- +
-VWAP +
- +
-Bollinger Bands +
- +
-RSI (14) +
- +
-(For IV, use external tools like Tastyworks or Barchart.) +
- +
-For ThinkorSwim (TOS) +
-Charts → Studies → Add Study +
- +
-Add: +
- +
-ImpVolatility (IV) +
- +
-VolumeProfile +
- +
-PutCallRatio +
- +
-BollingerBands +
- +
-(Save as a template for quick loading.) +
- +
-For TradingView +
-Click "Indicators" → Search & add: +
- +
-Volume Profile +
- +
-VWAP +
- +
-RSI +
- +
-Bollinger Bands +
- +
-For IV Rank, use Pine Scripts (search "IV Rank" in Community Scripts). +
- +
-🎯 Best Indicator Combinations for Different Strategies +
-Strategy Best Indicators +
-Selling Premium IV Rank + Volume Profile + VWAP +
-Directional Calls/Puts RSI + MACD + Bollinger Bands +
-Straddles/Strangles Bollinger Bands + Keltner Channels +
-Earnings Plays Put/Call Ratio + Open Interest Changes +
-💡 Pro Tips for Options Traders +
-✅ Use IV Rank > 50% → Good for selling options (high premium). +
-✅ RSI >70 (overbought) = Consider puts | RSI <30 (oversold) = Consider calls. +
-✅ Volume Profile POC (Point of Control) = Strong support/resistance. +
- +
-Final Thoughts +
-These indicators work best when combined (e.g., high IV + overbought RSI = potential put opportunity). Adjust based on your strategy (scalping, swing trading, selling premium). +
- +
-Need help setting up a specific platform? Let me know which one (Tradovate, TOS, NinjaTrader, etc.), and I’ll guide you step-by-step! 🚀+
deepseek_indicator.1743137033.txt.gz · Last modified: 2025/03/28 04:43 by lwattsii