OPEN-SOURCE SCRIPT
Updated 1m Options Scalper
Runs on a 1-minute chart and looks for moments where price moved too far too fast. When it spots that, it alerts you to a potential quick options trade, either a call or a put. It filters out bad setups by checking the short-term trend and whether the overall market is in a healthy spot. When it signals, it gives you a limit entry price, a take profit, and a stop loss right on the chart. It's built for quick in-and-out trades during market hours, nothing held for long.
Release Notes
Time and Z-score optimized for 3x short term scalp, added some comments.Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.