1DTE: Free TradingView Indicator (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above, or the copy button on the code below.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

179 lines of Pine Script v5 from scripts/1dte.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.

1dte.pine

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © tjroberts314

//@version=5
indicator("1dte", overlay=true)
import tjroberts314/Utils/1

daysInARow = input.int(1, "Successive Bars in a Row", minval=1, maxval=10)
atr_range = input.float(1.0, "ATR value", minval=0, maxval=3, step=0.1)
toggle_mod = input.bool(true, "Modify atr", inline="0", group="toggles")
toggle_vix = input.bool(false, "Modify VIX", inline="0", group="toggles")
toggle_monday = input.bool(true, "Monday DTE", inline="0", group="toggles")
toggle_wednesday = input.bool(true, "Wednesday DTE", inline="0", group="toggles")
toggle_friday = input.bool(true, "Friday DTE", inline="0", group="toggles")
vix_limit = input.int(title="vix limit", defval=22, minval=1, maxval=40)

vix = request.security("VIX", timeframe.period, close)

put1 = input.float(1.8, "1 red day", minval=0.0, maxval=2, step=0.1, inline="1", group="put mod")
put2 = input.float(1.4, "2 red day", minval=0.0, maxval=2, step=0.1, inline="1", group="put mod")
put3 = input.float(1.3, "3 red day", minval=0.0, maxval=2, step=0.1, inline="1", group="put mod")
put4 = input.float(1.0, "4 red day", minval=0.0, maxval=2, step=0.1, inline="1", group="put mod")

call1 = input.float(1.8, "1 green day", minval=0.0, maxval=2, step=0.1, inline="2", group="call mod")
call2 = input.float(1.4, "2 green day", minval=0.0, maxval=2, step=0.1, inline="2", group="call mod")
call3 = input.float(1.3, "3 green day", minval=0.0, maxval=2, step=0.1, inline="2", group="call mod")
call4 = input.float(1.0, "4 green day", minval=0.0, maxval=2, step=0.1, inline="2", group="call mod")

// VIX Mods
put1_vix = input.float(1.8, "1 red day", minval=0.0, maxval=2, step=0.1, inline="3", group="put mod - vix")
put2_vix = input.float(1.4, "2 red day", minval=0.0, maxval=2, step=0.1, inline="3", group="put mod - vix")
put3_vix = input.float(1.3, "3 red day", minval=0.0, maxval=2, step=0.1, inline="3", group="put mod - vix")
put4_vix = input.float(1.0, "4 red day", minval=0.0, maxval=2, step=0.1, inline="3", group="put mod - vix")

call1_vix = input.float(1.8, "1 green day", minval=0.0, maxval=2, step=0.1, inline="4", group="call mod - vix")
call2_vix = input.float(1.4, "2 green day", minval=0.0, maxval=2, step=0.1, inline="4", group="call mod - vix")
call3_vix = input.float(1.3, "3 green day", minval=0.0, maxval=2, step=0.1, inline="4", group="call mod - vix")
call4_vix = input.float(1.0, "4 green day", minval=0.0, maxval=2, step=0.1, inline="4", group="call mod - vix")

redStreak = true
greenStreak = true
rsi_value = ta.rsi(close, 14)
PROFIT = 25 / atr_range
LOSS = 500 - PROFIT

var float sucCnt = 0
var float totalCnt = 0
var int callWins = 0
var int callLosses = 0
var int putWins = 0
var int putLosses = 0
var float seedValue = 0
var float profit = 0
var float loss = 0


startDate = input.time(title="Start Date", defval=timestamp("01 Jan 2015 13:30 +0000"))
endDate = input.time(title="End Date", defval=timestamp("01 Jan 2024 19:30 +0000"))
timeSession = input.session(title="Time Session to Analyze", defval="0600-0915")
window() => time >= startDate and time <= endDate ? true : false
validDayOfWeek() => (dayofweek == dayofweek.monday and toggle_monday) or (dayofweek == dayofweek.wednesday and toggle_wednesday) or (dayofweek == dayofweek.friday and toggle_friday)
valid_VIX() => vix <= vix_limit
canTrade1dte() =>
    if toggle_vix
        validDayOfWeek() and valid_VIX()
    else
        validDayOfWeek()

green_cnt = 0
red_cnt = 0

for day = 1 to daysInARow
    if close[day] <= open[day]
        greenStreak := false
        break

for day = 1 to daysInARow
    if close[day] >= open[day]
        redStreak := false
        break

for day = 1 to 50
    if close[day] <= open[day]
        break
    green_cnt += 1

for day = 1 to 50
    if close[day] >= open[day]
        break
    red_cnt += 1

atr = ta.atr(14)
if toggle_mod and toggle_vix
    if 0 < red_cnt
        if red_cnt == 1
            atr *= put1_vix // 0.4
        else if red_cnt == 2
            atr *= put2_vix // 0.3
        else if red_cnt == 3
            atr *= put3_vix // 0.2
        else
            atr *= put4_vix // 0.1
    else if 0 < green_cnt
        if green_cnt == 1
            atr *= call1_vix
        else if green_cnt == 2
            atr *= call2_vix
        else if green_cnt == 3
            atr *= call3_vix
        else
            atr *= call4_vix
    else
        atr *= atr_range
else if toggle_mod
    if 0 < red_cnt
        if red_cnt == 1
            atr *= put1 // 0.4
        else if red_cnt == 2
            atr *= put2 // 0.3
        else if red_cnt == 3
            atr *= put3 // 0.2
        else
            atr *= put4 // 0.1
    else if 0 < green_cnt
        if green_cnt == 1
            atr *= call1
        else if green_cnt == 2
            atr *= call2
        else if green_cnt == 3
            atr *= call3
        else
            atr *= call4
    else
        atr *= atr_range
else
    atr *= atr_range

putProfit = (close[1] - atr) < close
callProfit = (close[1] + atr) > close

plotshape(canTrade1dte() and window() and redStreak and putProfit, title="PUT", style=shape.triangleup, location=location.belowbar, color=color.green)
plotshape(canTrade1dte() and window() and redStreak and not putProfit, title="PUT", style=shape.triangledown, location=location.belowbar, color=color.red)

plotshape(canTrade1dte() and window() and greenStreak and callProfit, title="CALL", style=shape.triangleup, location=location.abovebar, color=color.green)
plotshape(canTrade1dte() and window() and greenStreak and not callProfit, title="CALL", style=shape.triangledown, location=location.abovebar, color=color.red)

if window() and canTrade1dte()
    if redStreak and putProfit
        putWins += 1
        profit += PROFIT
    else if greenStreak and callProfit
        callWins += 1
        profit += PROFIT
    else if redStreak and not putProfit
        putLosses += 1
        loss += LOSS
    else if greenStreak and not callProfit
        callLosses += 1
        loss += LOSS

float totalWins = callWins + putWins
float successRate = totalWins / (totalWins + callLosses + putLosses)

var table tableDisplay = table.new(position.bottom_right, columns = 2, rows = 6, frame_color= color.gray, frame_width = 2, border_width = 2, border_color = color.gray)

if barstate.islast
    table.cell(table_id = tableDisplay, column = 0, row = 0, text = "Success Rate", text_color = color.gray)
    table.cell(table_id = tableDisplay, column = 0, row = 1, text = "Put Wins", text_color = color.gray)
    table.cell(table_id = tableDisplay, column = 0, row = 2, text = "Put Losses", text_color = color.gray)
    table.cell(table_id = tableDisplay, column = 0, row = 3, text = "Call Wins", text_color = color.gray)
    table.cell(table_id = tableDisplay, column = 0, row = 4, text = "Call Losses", text_color = color.gray)
    table.cell(table_id = tableDisplay, column = 0, row = 5, text = "Final Balance", text_color = color.gray)
    
    table.cell(table_id = tableDisplay, column = 1, row = 0, text = str.tostring(successRate), text_color = color.gray)
    table.cell(table_id = tableDisplay, column = 1, row = 1, text = str.tostring(putWins), text_color = color.gray)
    table.cell(table_id = tableDisplay, column = 1, row = 2, text = str.tostring(putLosses), text_color = color.gray)
    table.cell(table_id = tableDisplay, column = 1, row = 3, text = str.tostring(callWins), text_color = color.gray)
    table.cell(table_id = tableDisplay, column = 1, row = 4, text = str.tostring(callLosses), text_color = color.gray)
    table.cell(table_id = tableDisplay, column = 1, row = 5, text = str.tostring(profit - loss), text_color = color.gray)

Overview

1DTE evaluates market conditions using Average True Range (ATR), consecutive green or red daily streaks, and CBOE Volatility Index (VIX) levels. Users can filter evaluation windows by specific days of the week, session times, and date ranges. The script adjusts trade parameters based on streak duration and volatility thresholds, assisting in structural analysis for short-term options strategies directly on the main price chart.

VIX volatility filter threshold
Streak duration multiplier adjustments
Day-of-week and session time filters
ATR-based calculation settings

Details

Published by

tyler314 on GitHub

Code credit

tjroberts314, as written in the script's header

Type

Indicator, Pine Script v5

Draws

On the price chart

Markets

Indices, Stocks

Timeframes

M15-H1, H4 and above

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

File

scripts/1dte.pine

Repository

github.com/tyler314/pine-scripts. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Successive Bars in a Row	`int`	`1`	`daysInARow`
ATR value	`float`	`1.0`	`atr_range`
Modify atr	`bool`	`true`	`toggle_mod`
Modify VIX	`bool`	`false`	`toggle_vix`
Monday DTE	`bool`	`true`	`toggle_monday`
Wednesday DTE	`bool`	`true`	`toggle_wednesday`
Friday DTE	`bool`	`true`	`toggle_friday`
vix limit	`int`	`22`	`vix_limit`
1 red day	`float`	`1.8`	`put1`
2 red day	`float`	`1.4`	`put2`
3 red day	`float`	`1.3`	`put3`
4 red day	`float`	`1.0`	`put4`

Show all 27 settings

Setting	Type	Default	Variable
1 green day	`float`	`1.8`	`call1`
2 green day	`float`	`1.4`	`call2`
3 green day	`float`	`1.3`	`call3`
4 green day	`float`	`1.0`	`call4`
1 red day	`float`	`1.8`	`put1_vix`
2 red day	`float`	`1.4`	`put2_vix`
3 red day	`float`	`1.3`	`put3_vix`
4 red day	`float`	`1.0`	`put4_vix`
1 green day	`float`	`1.8`	`call1_vix`
2 green day	`float`	`1.4`	`call2_vix`
3 green day	`float`	`1.3`	`call3_vix`
4 green day	`float`	`1.0`	`call4_vix`
Start Date	`time`	`timestamp("01 Jan 2015 13:30 +0000")`	`startDate`
End Date	`time`	`timestamp("01 Jan 2024 19:30 +0000")`	`endDate`
Time Session to Analyze	`session`	`0600-0915`	`timeSession`

Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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