OPEN-SOURCE SCRIPT

1-Min Option Anomaly (Fixed)

435
Pine script that detects change in the index and option value
For example where there the index rose and the call option does not rise, it will throw a green triangle and when the index rose and the put option rises, it will throw a red triangle.
Important to monitor change in momentum of the index.

Just copy the above code and paste in on any of the NIFTY ATM+/- 300 points. It detects the anamoly viz. if index rises and put option also rises, resulting in bearish sentiment. If index rises but there is a fall in call option indicating bearish sentiment.

Mostly works in the bearish environment. Not in the bullish market.

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