Dynamic Symbol usage in straddle

#1
this is the scenario -

Initial straddle strike selection should start based on 9:30 based on price and enter the short straddle. Then same strike straddle should continue to plot till exit is not received. Exit - Nifty 3 min candle close beyond ... 9:30 price + ( straddle price /2 ) range .

After exit... reentry is done when vix 3 min is below 50. How it will pick new straddle strike price for new entry. Also when it plots new straddle it should not replot already plotted straddle.
 

mohan.sic

Well-Known Member
#2
this is the scenario -

Initial straddle strike selection should start based on 9:30 based on price and enter the short straddle. Then same strike straddle should continue to plot till exit is not received. Exit - Nifty 3 min candle close beyond ... 9:30 price + ( straddle price /2 ) range .

After exit... reentry is done when vix 3 min is below 50. How it will pick new straddle strike price for new entry. Also when it plots new straddle it should not replot already plotted straddle.
What do you mean by plot ?

What is your query here?
For automation solution or some options subject related ?
 
#3
What do you mean by plot ?

What is your query here?
For automation solution or some options subject related ?
Not trying to reach automation directly...First trying to build afl which can show some candles/lines etc
query here is related to dynamic handling of symbols in afl. Let me try to rephrase it again ---


Just like we plot rsi below nifty chart...
1. I want it to plot straddle based on strike at 9:30. ( Basically that is entry price )
2. upon exit ...and reentry it should plot new straddle. Now for example with exit logic we got exit at 10:30 and rentry logic ..we got rentry at 11:30 . Then expectation is -- afl should plot straddle initial straddle from 9:30 to 10:30 based on nifty strike at 9:30 . No plotting for 10:30 to 11:30 . Then 11:30 onwards plot new straddle based on price at 11:30
 

Similar threads

Zerodha – Open Paperless Account

Open online account with Zerodha. Free delivery trading and Max Rs 20 for Intraday, F&O, Currency and Commodity Trading. Intraday High leverage with MIS, CO and BO.

Name:Phone:
Email:City:
State:
Are you a day trader?