This indicator scans a pasted list of symbols and shows matching long and short setups in a table in a separate pane. It uses a Supertrend crossover, then applies an ATR or fixed-point volatility range so quiet, sideways conditions can be skipped. Optional fil
Indicator · Pine Script v6 · Own pane
Strategy-Picker
Strategy-Picker evaluates market trend, momentum, and volatility across multiple timeframes (5m, 15m, and 60m) to recommend suitable options trading structures.
GitHub stars13on the repository
Pine versionv6current
Lines of code348
Settings23inputs
LicenceCustom licence
Last update2 months ago12 Aug 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 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
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Strategy-Picker combines MACD, an 8-period EMA, and ADX readings with external VIX levels to suggest Put Credit Spreads, Call Credit Spreads, Iron Condors, Iron Butterflies, or debit spreads. Rendered in a separate pane, the indicator displays regime states and triggers time-based alerts. Users can adjust moving average lengths, ADX thresholds, VIX boundary levels, and target days-to-expiration guidelines.
- Triple-screen multi-timeframe analysis
- VIX volatility regime classification
- Automated options strategy routing suggestions
- Configurable MACD, EMA, and ADX thresholds
- Scheduled intraday alert timing
Details
Published by
hintheman on GitHub
Code credit
Hin + Claude, as written in the script's header
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Trend, Volatility & bands, Screeners & dashboards
Markets
Indices, Stocks
Timeframes
M15-H1
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.
Repository
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| MACD Fast Length | int | 12 | fastLen |
| MACD Slow Length | int | 26 | slowLen |
| MACD Signal Length | int | 9 | sigLen |
| EMA Length | int | 8 | emaLen |
| ADX Length | int | 14 | adxLen |
| ADX Trend Threshold | float | 20 | adxTrendTh |
| TF Bull/Bear Score Threshold (of 4) | int | 3 | scoreTh |
| VIX Low → Debit only | float | 16 | vixLowTh |
| VIX IC Low | float | 16 | vixICLow |
| VIX IC High | float | 19 | vixICHigh |
| VIX IBF Low → Iron Butterfly | float | 19 | vixIBFLow |
| VIX IBF High → Iron Butterfly cap | float | 23 | vixIBFHigh |
Show all 23 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| VIX Mid → CS (ADX required) | float | 18 | vixCSMid |
| VIX High → CS (full size) | float | 19 | vixCSHigh |
| DTE — Credit Spreads (0 DTE) | int | 0 | dteCreditSpread |
| DTE — IC / IBF (3–7 DTE) | int | 5 | dteIronWings |
| DTE — Debit Spreads (14–21 DTE) | int | 14 | dteDebit |
| Allow Iron Condor | bool | true | useIronCondor |
| Allow Iron Butterfly | bool | true | useIronButterfly |
| Bars to wait after RTH open | int | 2 | waitBars |
| Use 60m as primary trend when TFs disagree | bool | true | use60mBias |
| Alert at 6:30 AM PT open (fixed) | bool | true | alert630 |
| Alert at 7:00 AM PT (optional) | bool | true | alert700 |
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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