This indicator classifies the market into gamma regime types (negative gamma trend, positive gamma mean-reversion, or transition) by calculating a composite score based on daily ATR ratios, session VWAP crossover frequencies, and opening range displacement. It
Indicator · Pine Script v6 · On the chart
ZeroDTE Iron Condor v2
An overlay that builds a skewed same-day iron condor on the S&P 500 index or its ETF and mini equivalents.
GitHub stars1on the repository
Pine versionv6current
Lines of code282
Settings16inputs
LicenceNone stated
Last updateyesterday28 Oct 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
After an opening observation window it measures price drift and range, then places short strikes at a base distance, shifted asymmetrically when drift is strong or mild and never inside the observed range. A volatility index gate can stand aside when it is above a chosen level. It draws the structure box, outcome zones and wing breach lines. Settings cover timing, skew thresholds and wing width.
- Drift-based asymmetric strike skew
- Range floor to keep strikes outside the observed range
- Volatility index stand-aside gate
- Iron condor box and outcome zones
- Wing breach markers
Details
Published by
xynkro on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Sessions & time, Volatility & bands
Markets
Indices
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Build hour ET | int | 10 | buildHourET |
| Build minute ET | int | 15 | buildMinET |
| Obs start hour ET | int | 9 | obsStartH |
| Obs start min ET | int | 45 | obsStartM |
| Obs length (min) | int | 30 | obsWindowMin |
| Base short strike % OTM | float | 0.9 | pctOtm |
| Wing width (SPX points) | float | 10.0 | wingWidth |
| Enable drift-based skew | bool | true | enableSkew |
| Strong drift threshold (%) | float | 0.10 | strongDriftPct |
| Mild drift threshold (%) | float | 0.05 | mildDriftPct |
| Range floor multiplier | float | 1.2 | rangeFloorMult |
| VIX symbol | string | CBOE:VIX1D | vixSymbol |
Show all 16 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| VIX stand-aside threshold | float | 20.0 | vixStandAside |
| Draw IC box at build | bool | true | showIcBox |
| Shade GOOD/ATM/BAAAAD zones | bool | true | showOutcomeZones |
| Mark wing-breach with line | bool | true | showBreachAlerts |
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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