Custom Quote Formula in Trade tab

Derek28

New member
I am looking to make a single custom column for the options chain. I am simple looking for a tool to create the price difference between the theoretical option price and ask price of that option. Specifically it will be a column that lists the price difference between a strangle theoretical price and current ask so I can run through some statistics without having to break out the calculator every change in theo price.

I've tried a few basic things but don't seem to be able to figure out how to get it working.

This is one of many combinations I've tried
def PriceDiff;
Input Theo = TheoreticalOptionPrice;
PriceDiff = Theo - ask;

This actually allows me to apply, but the return in the column is NaN
Plot PriceDiff = TheoreticalOptionPrice() - ask();
 
Last edited:
@Derek28 Try this...

Ruby:
def Ask = close(priceType = PriceType.ask);
def Theo = TheoreticalOptionPrice();
def PriceDiff = Theo - Ask;
AddLabel(yes, PriceDiff, Color.CYAN);


This is definitely closer, now it calculates a value, but the values isn't the actual difference between the theoretical price and the ask. I appreciate the help though, I'll see if variations of this may help.

Update: But now after market opened it is just returning N/A, weird.
 
Last edited:

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
536 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