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 MEIC v1
An overlay that follows a ladder of same-day iron condors on the S&P 500 index or its ETF and mini equivalents.
GitHub stars1on the repository
Pine versionv6current
Lines of code90
Settings15inputs
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
At four configurable time slots in the afternoon it estimates short call and put strikes from realized volatility sampled on five-minute bars, using a chosen short delta, a premium multiplier and optional put and call skew, with fixed-width wings. Lines show the strike levels so price can be followed against them. The author states the backend is the source of truth and the overlay only approximates it.
- Four time-slot condor ladder
- Volatility-based short strikes at a chosen delta
- Put and call skew multipliers
- Wing width that scales for SPY and XSP
- Five-minute volatility sampling on any chart timeframe
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 |
|---|---|---|---|
| Slot 1 hour | int | 11 | s1h |
| min | int | 0 | s1m |
| Slot 2 hour | int | 12 | s2h |
| min | int | 0 | s2m |
| Slot 3 hour | int | 13 | s3h |
| min | int | 0 | s3m |
| Slot 4 hour | int | 14 | s4h |
| min | int | 0 | s4m |
| z for short delta (0.994 ≈ 16Δ) | float | 0.994 | zDelta |
| Wing width (SPX pts) | float | 25.0 | wingSpx |
| IV/RV premium mult | float | 1.2 | premMult |
| Skew (puts 1.15× / calls 0.90×) | bool | true | useSkew |
Show all 15 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Put vol mult | float | 1.15 | putSkew |
| Call vol mult | float | 0.90 | callSkew |
| Realized-vol lookback (bars) | int | 24 | volLb |
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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