Custom Quote Formula in Option Chain - % away from Underlying

badger-man

New member
Hello,

I'm new to the forum so pardon any mistakes with etiquette.

I would like to create a custom quote formula that can be displayed as a column in the Option Chain in the Trade tab. Specifically I would like to have a formula that shows the % of the strike of the option away from the underlying. For example, if the strike is $98 and the underlying is $100, it would display 2%.

Any advice would be greatly appreciated

Thank you.
 
Solution
Code:
# define strike price as percentage from last share price

def strikeprice = GetStrike();
def price = close(GetUnderlyingSymbol());
#def premium = bid + (ask-bid)/2 ;

#def totalprice = strikeprice + premium;
#def totalpriceP = ((totalprice - price)/ price )* 100;

#plot value = if isNaN(price) then 0.00 else price;

plot signal = ((strikeprice/price)*100)-100;
AddLabel(yes, round(signal,1) + "%", color.yellOW);
In the Options Chain tab, I click on the Layout drop down at the top, then Customize. Select one of the Custom columns, like Custom1 to add it to the current column set. Then click on the scroll icon next to that custom column to edit the thinkScript formula and the name.
 
As title states. Basically I just want a column for my watchlist and on the option chain that shows me each strike’s percent out of the money.

They have a column for it on the option scanner but it doesn’t show how it’s coded. Is it even possible? Or is it another thing they like being stingy about lol
 
Code:
# define strike price as percentage from last share price

def strikeprice = GetStrike();
def price = close(GetUnderlyingSymbol());
#def premium = bid + (ask-bid)/2 ;

#def totalprice = strikeprice + premium;
#def totalpriceP = ((totalprice - price)/ price )* 100;

#plot value = if isNaN(price) then 0.00 else price;

plot signal = ((strikeprice/price)*100)-100;
AddLabel(yes, round(signal,1) + "%", color.yellOW);
 
Solution

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
306 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top