Option Heatmap and OI Strikes For ThinkOrSwim

[Jon436]

I am not a thinkscript coder so am not able to help but it may give ideas to those that can. Anyway thanks to all for posting the code for the OI script been looking for it for long

 

[ziongotoptions]

Hi is it possible to have labels to the OI, maybe the highest 5 calls and puts or draw the lines on the main chart? Like this

my apologies, i had remove the part of the script script for the chart bubbles, I just added it back. https://usethinkscript.com/threads/option-heatmap-and-oi-strikes.10664/post-94445 see if it works now

 

[Jon436]

That looks great. Noticed bars do not show up on SPX (price bubble do) though show up on SPY and other tickers. Wonder why?

Can one add a user defined filter to only plot price bubbles above a manually defined number. This way have less clutter or maybe just the top 5 biggest OI are marked with price bubbles. If not its still is great. Thanks

 

[halcyonguy]

Also I found that this script for labeling open interest which is given free every day by https://www.quanttradingapp.com/discord_pub/thinkscript_open_interest. Don't know if this helps

#
# Plot Hightest OI Levels on Chart
# Only Valid For: Friday, April 08, 2022
#
# Script Generated: 2022-04-08 08:00:12 AM
# Free Tickers Included: AAPL,AMZN,DIA,DIS,FB,GLD,GOOGL,IWM,NFLX,QQQ,SPY,TSLA,NVDA,AMD
# Total Tickers: 14
#
# Credit: Quant Trading App (c) 2021-2022
# Discord: https://quanttradingdiscord.com
#

def aggregationPeriod = AggregationPeriod.DAY;def LastPrice = close(priceType = PriceType.LAST);def total_call_premium;def total_put_premium;
plot oi_call_1;plot oi_call_2;plot oi_call_3;plot oi_call_4;plot oi_call_5;plot oi_put_1;plot oi_put_2;plot oi_put_3;plot oi_put_4;plot oi_put_5;
if (GetSymbol() == "AAPL") {total_call_premium = 382730.57;total_put_premium = 237766.65;oi_call_1 = 180;oi_call_2 = 175;oi_call_3 = 170;oi_call_4 = 177.5;oi_call_5 = 185;oi_put_1 = 170;oi_put_2 = 160;oi_put_3 = 175;oi_put_4 = 167.5;oi_put_5 = 165;}else if (GetSymbol() == "AMZN") {total_call_premium = 829120.56;total_put_premium = 3294755.32;oi_call_1 = 3300;oi_call_2 = 3400;oi_call_3 = 3500;oi_call_4 = 3200;oi_call_5 = 3600;oi_put_1 = 3000;oi_put_2 = 3100;oi_put_3 = 3015;oi_put_4 = 2950;oi_put_5 = 3490;}else if (GetSymbol() == "DIA") {total_call_premium = 38061.73;total_put_premium = 23450.76;oi_call_1 = 344;oi_call_2 = 354;oi_call_3 = 356;oi_call_4 = 349;oi_call_5 = 348;oi_put_1 = 329;oi_put_2 = 348;oi_put_3 = 315;oi_put_4 = 341;oi_put_5 = 342;}else if (GetSymbol() == "DIS") {total_call_premium = 4571.37;total_put_premium = 46655.94;oi_call_1 = 145;oi_call_2 = 144;oi_call_3 = 140;oi_call_4 = 133;oi_call_5 = 142;oi_put_1 = 128;oi_put_2 = 130;oi_put_3 = 134;oi_put_4 = 127;oi_put_5 = 129;}else if (GetSymbol() == "FB") {total_call_premium = 692845.36;total_put_premium = 102656.41;oi_call_1 = 200;oi_call_2 = 240;oi_call_3 = 250;oi_call_4 = 222.5;oi_call_5 = 230;oi_put_1 = 200;oi_put_2 = 190;oi_put_3 = 215;oi_put_4 = 220;oi_put_5 = 225;}else if (GetSymbol() == "GLD") {total_call_premium = 28848.77;total_put_premium = 24817.19;oi_call_1 = 198;oi_call_2 = 181;oi_call_3 = 185;oi_call_4 = 190;oi_call_5 = 180;oi_put_1 = 176;oi_put_2 = 179;oi_put_3 = 177;oi_put_4 = 180;oi_put_5 = 175;}else if (GetSymbol() == "GOOGL") {total_call_premium = 146315.7;total_put_premium = 310393.9;oi_call_1 = 2800;oi_call_2 = 2900;oi_call_3 = 3000;oi_call_4 = 2850;oi_call_5 = 2930;oi_put_1 = 2700;oi_put_2 = 2600;oi_put_3 = 2750;oi_put_4 = 2650;oi_put_5 = 2800;}else if (GetSymbol() == "IWM") {total_call_premium = 41415.24;total_put_premium = 293727.4;oi_call_1 = 211;oi_call_2 = 210;oi_call_3 = 201;oi_call_4 = 204;oi_call_5 = 207;oi_put_1 = 190;oi_put_2 = 204;oi_put_3 = 195;oi_put_4 = 194;oi_put_5 = 198;}else if (GetSymbol() == "NFLX") {total_call_premium = 55214.35;total_put_premium = 107048.6;oi_call_1 = 390;oi_call_2 = 425;oi_call_3 = 400;oi_call_4 = 410;oi_call_5 = 420;oi_put_1 = 360;oi_put_2 = 355;oi_put_3 = 350;oi_put_4 = 340;oi_put_5 = 365;}else if (GetSymbol() == "QQQ") {total_call_premium = 397452.26;total_put_premium = 1020109.49;oi_call_1 = 358;oi_call_2 = 355;oi_call_3 = 375;oi_call_4 = 370;oi_call_5 = 365;oi_put_1 = 350;oi_put_2 = 355;oi_put_3 = 345;oi_put_4 = 360;oi_put_5 = 340;}else if (GetSymbol() == "SPY") {total_call_premium = 935513.52;total_put_premium = 640624.12;oi_call_1 = 460;oi_call_2 = 450;oi_call_3 = 455;oi_call_4 = 465;oi_call_5 = 457;oi_put_1 = 440;oi_put_2 = 445;oi_put_3 = 425;oi_put_4 = 442;oi_put_5 = 435;}else if (GetSymbol() == "TSLA") {total_call_premium = 4085952.2;total_put_premium = 2404942.68;oi_call_1 = 1200;oi_call_2 = 1150;oi_call_3 = 1100;oi_call_4 = 1250;oi_call_5 = 1300;oi_put_1 = 1000;oi_put_2 = 950;oi_put_3 = 900;oi_put_4 = 1100;oi_put_5 = 1020;}else if (GetSymbol() == "NVDA") {total_call_premium = 156427.48;total_put_premium = 947041.4;oi_call_1 = 300;oi_call_2 = 240;oi_call_3 = 250;oi_call_4 = 275;oi_call_5 = 260;oi_put_1 = 240;oi_put_2 = 230;oi_put_3 = 250;oi_put_4 = 260;oi_put_5 = 255;}else if (GetSymbol() == "AMD") {total_call_premium = 44227.37;total_put_premium = 348995.29;oi_call_1 = 110;oi_call_2 = 115;oi_call_3 = 120;oi_call_4 = 125;oi_call_5 = 112;oi_put_1 = 110;oi_put_2 = 100;oi_put_3 = 85;oi_put_4 = 95;oi_put_5 = 90;}else {oi_call_1 = Double.NaN;oi_call_2 = Double.NaN;oi_call_3 = Double.NaN;oi_call_4 = Double.NaN;oi_call_5 = Double.NaN;oi_put_1 = Double.NaN;oi_put_2 = Double.NaN;oi_put_3 = Double.NaN;oi_put_4 = Double.NaN;oi_put_5 = Double.NaN;total_call_premium = 0;total_put_premium = 0;};oi_call_1.SetDefaultColor(CreateColor(0,236,59));oi_call_2.SetDefaultColor(CreateColor(0,197,49));oi_call_3.SetDefaultColor(CreateColor(0,158,39));oi_call_4.SetDefaultColor(CreateColor(0,119,29));oi_call_5.SetDefaultColor(CreateColor(0,79,20));oi_call_1.SetLineWeight(5);oi_call_2.SetLineWeight(4);oi_call_3.SetLineWeight(3);oi_call_4.SetLineWeight(2);oi_call_5.SetLineWeight(1);oi_put_1.SetDefaultColor(CreateColor(255,17,17));oi_put_2.SetDefaultColor(CreateColor(255,56,56));oi_put_3.SetDefaultColor(CreateColor(213,0,0));oi_put_4.SetDefaultColor(CreateColor(173,0,0));oi_put_5.SetDefaultColor(CreateColor(134,0,0));oi_put_1.SetLineWeight(5);oi_put_2.SetLineWeight(4);oi_put_3.SetLineWeight(3);oi_put_4.SetLineWeight(2);oi_put_5.SetLineWeight(1);addLabel (total_call_premium, "Calls: $"+ total_call_premium +" | Puts: $"+ total_put_premium, color.LIGHT_GRAY);

just to clarify, the code in post 80 does not read any data. all it is , is constants, that are plotted. someone has to manually edit the code and add the data for the day, every day.

 

[ziongotoptions]

That looks great. Noticed bars do not show up on SPX (price bubble do) though show up on SPY and other tickers. Wonder why?

Can one add a user defined filter to only plot price bubbles above a manually defined number. This way have less clutter or maybe just the top 5 biggest OI are marked with price bubbles. If not its still is great. Thanks

Yeah it’s not possible to show on SPX, something about the chart doesn’t allow it to work, you’d have to manually enter the symbol in the code and display it on a chart like spy or ES, but it wouldn’t work as a profile in that case, so it’s impossible. I think I posted a script in option volume /open interest that will give the data and add labels for SPX options on the weekly , basically similar info but not in the form of a profile. As for your question, I’m sure it’s possible but you’d have to look into that

 

[Jon436]

@halcyonguy yes I thought so too, that is a lot of work though

@ziongotoptions thank you

 

[bkbrown]

my apologies, i had remove the part of the script script for the chart bubbles, I just added it back. https://usethinkscript.com/threads/option-heatmap-and-oi-strikes.10664/post-94445 see if it works now

Does this only work during live market hours? I tried to load it on my charts this past weekend and it didn't work. I didn't have time this wk yet but was wondering so I could work on it this weekend...

 

[ziongotoptions]

Does this only work during live market hours? I tried to load it on my charts this past weekend and it didn't work. I didn't have time this wk yet but was wondering so I could work on it this weekend...

It works , it’s that for Expdom instead of 13 replace with 14 or you can just adjust the date by going into settings and inputting 1 for date fix, last month expiration ended on a Thursday so that’s why we used 13 normally it’s 14

 

[bkbrown]

It works , it’s that for Expdom instead of 13 replace with 14 or you can just adjust the date by going into settings and inputting 1 for date fix, last month expiration ended on a Thursday so that’s why we used 13 normally it’s 14

Thanks, I ended up figuring that out. Could this be created for GEX levels? I got a script in the option chain that I export to excel and it displays each strike with the amount of gamma exposure. I do draw the gamma levels on my charts but it doesn't work well as the gamma amounts change as price moves.

 

[ziongotoptions]

Thanks, I ended up figuring that out. Could this be created for GEX levels? I got a script in the option chain that I export to excel and it displays each strike with the amount of gamma exposure. I do draw the gamma levels on my charts but it doesn't work well as the gamma amounts change as price moves.

That’s not possible on thinkorswim unfortunately, you can’t pull data directly from the option chain for think script

 

[VanHQ]

I am not too sure if I am importing the script wrong but can someone post a ToS link with the working script? I've imported a few and nothing is showing up on my charts. Thank you.

 

[ziongotoptions]

I am not too sure if I am importing the script wrong but can someone post a ToS link with the working script? I've imported a few and nothing is showing up on my charts. Thank you.

Go to settings, input 1 for date fix, that should clear up the problem

 

[ziongotoptions]

I am not too sure if I am importing the script wrong but can someone post a ToS link with the working script? I've imported a few and nothing is showing up on my charts. Thank you.

I also updated the script just now, it will now work without having to use the date fix input

 

[mdtn]

@ziongotoptions

Can you please share the chart. I am not able to see the volume profile like on my chart. Thanks!!

@ziongotoptions looking good Thank you!

 

[ziongotoptions]

@ziongotoptions

Can you please share the chart. I am not able to see the volume profile like on my chart. Thanks!!

You have to go settings, time axis and in expansion area do 50 bars to the right

 

[mdtn]

You have to go settings, time axis and in expansion area do 50 bars to the right

@ziongotoptions
I have changed expansion to 50 bars to the right. Still not working, so I load some of the different version of codes posted here, still not working.
What's the latest version of code that you use? Thanks!!

 

[ziongotoptions]

@ziongotoptions
I have changed expansion to 50 bars to the right. Still not working, so I load some of the different version of codes posted here, still not working.
What's the latest version of code that you use? Thanks!!

Post in thread 'Option Heatmap and OI Strikes'
https://usethinkscript.com/threads/option-heatmap-and-oi-strikes.10664/post-94445

 

[ziongotoptions]

Post in thread 'Option Heatmap and OI Strikes'
https://usethinkscript.com/threads/option-heatmap-and-oi-strikes.10664/post-94445

Also it can take awhile to load sometimes

 

[mdtn]

Also it can take awhile to load sometimes

@ziongotoptions
Not sure why it does not work, eventhough I changed the setting 50 bar to the right. If you can share your chart I appreciate it. Thanks!!

 

[ziongotoptions]

@ziongotoptions
Not sure why it does not work, eventhough I changed the setting 50 bar to the right. If you can share your chart I appreciate it. Thanks!!

http://tos.mx/ekx8jww here ya go