INVITE-ONLY SCRIPT
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.
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系VigneshPalanisamy。
TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
Kindly Dm or comment to request access!
Follow me on instagram for frequent updates.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系VigneshPalanisamy。
TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
Kindly Dm or comment to request access!
Follow me on instagram for frequent updates.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。