OPEN-SOURCE SCRIPT
Raja OI Grid Lines
Raja OI Grid Lines is a dynamic Pine Script v6 indicator designed for traders using Spot charts (such as XAUUSD) while tracking Futures or Options Open Interest (OI) levels. It automatically plots horizontal grid lines at precise Spot price levels while labeling them with their corresponding rounded Option Strike Prices based on a customizable daily Basis Offset.
🌟 Key Features
Spot-to-Future Price Alignment: Plots grid lines directly at actual Spot price levels on the chart while displaying the equivalent Futures/Options Strike Price labels (Spot + Basis).
Daily Open Anchor: Uses the Daily Open price as a baseline reference, ensuring grid levels remain stable throughout the trading day without fluctuating with intraday movements.
Automatic Strike Rounding: Automatically rounds target levels to clean, standard Option Strike intervals (e.g., 4000, 4025, 4050, 4075).
Fully Customizable Inputs: Easily update the daily Basis Offset via the settings panel, and adjust line colors, styles, thickness, or the number of displayed grid lines.
💡 How It Works
Example: If Spot XAUUSD is at 4,170 and your Basis Offset is set to 30:
The indicator plots a grid line on the Spot chart at 4,170.
The right-hand label displays 4200 (4,170 + 30).
The next grid line above is drawn at Spot 4,195 with a label showing 4225 (spacing out at standard $25 intervals).
⚙️ Inputs Guide
Basis Offset (USD): The daily difference between Spot and Futures/Options prices to apply.
Grid Step Size (USD): The price interval between Option Strike levels (Default: $25).
Number of Lines (Above/Below): Sets how many grid lines to generate above and below the center anchor (Default: ±20 lines).
Show Strike Price Labels: Toggles the visibility of Futures/Options Strike Price labels on the right edge of the chart.
🌟 Key Features
Spot-to-Future Price Alignment: Plots grid lines directly at actual Spot price levels on the chart while displaying the equivalent Futures/Options Strike Price labels (Spot + Basis).
Daily Open Anchor: Uses the Daily Open price as a baseline reference, ensuring grid levels remain stable throughout the trading day without fluctuating with intraday movements.
Automatic Strike Rounding: Automatically rounds target levels to clean, standard Option Strike intervals (e.g., 4000, 4025, 4050, 4075).
Fully Customizable Inputs: Easily update the daily Basis Offset via the settings panel, and adjust line colors, styles, thickness, or the number of displayed grid lines.
💡 How It Works
Example: If Spot XAUUSD is at 4,170 and your Basis Offset is set to 30:
The indicator plots a grid line on the Spot chart at 4,170.
The right-hand label displays 4200 (4,170 + 30).
The next grid line above is drawn at Spot 4,195 with a label showing 4225 (spacing out at standard $25 intervals).
⚙️ Inputs Guide
Basis Offset (USD): The daily difference between Spot and Futures/Options prices to apply.
Grid Step Size (USD): The price interval between Option Strike levels (Default: $25).
Number of Lines (Above/Below): Sets how many grid lines to generate above and below the center anchor (Default: ±20 lines).
Show Strike Price Labels: Toggles the visibility of Futures/Options Strike Price labels on the right edge of the chart.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.