PCR

The Put-Call Ratio (PCR) is used to measure the overall sentiment of the market. It is calculated by dividing the total number of traded put options.

(Put Oi) by the total number of traded call options (Call Oi).

PCR > 1: Indicates a bearish sentiment, with more puts traded, suggesting expectations of a market decline.

PCR < 1: Shows a bullish sentiment, with more calls traded, implying an anticipated market rise.

Rising PCR: A rising PCR suggests bullishness in the market.
Declining PCR: A declining PCR suggests bullishness in the market.

PCR should be used alongside other indicators for a comprehensive market analysis.

VWAP

Volume Weighted Average Price (VWAP) is used to determine the average price of an asset throughout the day, based on both volume and price. It is often used as a trading indicator to decide whether a security is being traded at a fair value.

Price above VWAP: Indicates bullishness
Price below VWAP: Suggests bearishness

Key Uses:

Trade Entry: Buy when the price is below VWAP and appears to rise and sell when above VWAP and seems to fall.

Support/Resistance: VWAP can act as a support or resistance level during the day

RSI

RSI values can help identify potential reversal points in the market when an asset moves from overbought to oversold territories or vice versa.

Below 20: Indicates an oversold condition, suggesting a potential buying opportunity. Above 80: Signals an overbought condition, indicating a possible selling point. Between 45 and 55: Considered neutral, with no strong buy or sell signals.

Note: This values might differ as per your trading style.

Observing RSI values across multiple timeframes, such as 3 minutes, 5 minutes, and 15 minutes, allows traders to determine overbought and oversold conditions for both short-term and long-term durations. This multi-timeframe analysis can provide a better understanding of the market's momentum and potential trend changes, enabling more informed trading decisions.

Super-trend

They say "Trend is your Friend".

SuperTrend is a trend-following indicator that combines volatility and price movements to determine the direction of the trend. It provides buy and sell signals based on the positioning of the price in relation to the SuperTrend line.

Price above SuperTrend line: Indicates a bullish trend, suggesting a potential buying opportunity.

Price below SuperTrend line: Signals a bearish trend, indicating a possible selling point.

Trend changes: Occur when the price crosses the SuperTrend line, pointing to potential reversal points.

Observing super-trend across multiple timeframes, such as 3 minutes, 5 minutes, and 15 minutes, allows traders to determine the trend for both short-term and long-term durations. This multi-timeframe analysis can provide a better understanding of the market's momentum and potential trend changes, enabling more informed trading decisions.

Oi Support

It is a support level at which high put options acting as price support. It suggests potential buying interest and upward price movements as traders defend positions or enter new long positions near this level.

Oi Resistance

It is a resistance level at which high call options acting as price resistance. It suggests potential selling interest and upward price movements as traders defend positions or enter new short positions near this level.

Oi Power

This helps traders determine the market mood and movement by analyzing the dominance of traders (intraday and positional) by calculating open interest (OI) and its percentage change.

Bullish Signal: When both intraday and positional metrics display a bullish (green) indication, it suggests a strong bullish market trend.

Bearish Signal: If both intraday and positional indicators show a bearish (red) sign, it points to a potential bearish market movement.

Ranging/Sideways Market: When intraday and positional data present opposite signs (one bullish, one bearish), it typically indicates a market without a clear direction, often moving sideways.

Charts

3 moving averages (EMA) to determine the short term and long term trend. You can change the parameters to fit your specific trading strategy and risk tolerance.

Bullish Signal: When these EMAs align (short above medium above long), it suggests a bullish trend.

Bearish Signal: When these EMAs align (short below medium below long), it suggests a bearish trend.

Trend Reversal: Crossovers between these EMAs can signal potential trend reversals.

Oi Sentiment

We evaluate open interest changes and trading volume at key price levels to determine the strength and direction of market sentiment.

This helps traders understand the market sentiment as : Mild Bullish, Extremely Bullish, Neutral, Mild Bearish, and Extremely Bearish.

Oi Status

Short Covering: When option sellers (who are short on options, expecting the market to decline) start buying back their positions to close them, it can indeed be interpreted as a bullish signal.

Long Unwinding: When option sellers (who are long on options, expecting the market to decline) start selling back their positions to close them, it can indeed be interpreted as a bearish signal.

Short Buildup: When traders create new short position, it is interpreted as a bearish signal.

Long Unwinding: When traders create new long position, it is interpreted as a bullish signal.

Look Who is entering and Who is

Determine the market movement by observing the entry and exit patterns of traders.

Bullish Sign: When bullish traders are entering into the market by creating new long positions and bearish traders are exiting from the market by closing their positions.

Bearish Sign: When bearish traders are entering into the market by creating new short positions and bullish traders are exiting from the market by closing their positions.

This analysis helps in understanding the overall market sentiment and potential direction of price movements.

The Time Machine

Review the options chain at previous time stamps at specific points in the past. Essentially, going backward to review the options chain at previous timestamps provides valuable context for making more informed trading decisions by seeing the history of market behavior.

This retrospective analysis helps traders to:

Understand Sentiment: Changes in open interest, change in Oi percentage and volume over time can indicate whether traders were bullish or bearish during specific periods.

Backtesting the options chain: Traders can assess how their strategies would have performed under historical market conditions.

Oi Bars

This easiest approach to analyze the options chain simplifies the process by graphically representing open interest (Oi) and its percentage change, alongside numerical data.

This method allows traders to easily identify key levels of support, resistance, and potential points of trend reversal by visually interpreting the changes in market sentiment reflected through Oi metrics.

The subtle background color (red and green) indicates the dominance of the traders as bearish or bullish. You can also compare the Oi data at previous timestamps.

Support Resistance Strength

Determine the strength of the level where it will act as support or resistance by observing the levels (0 to 100). 100 indicates high strength.

If you see the price in between 2 immediate strong support and strong resistance area, the market can be interpreted as range bound or sideways, unless it breaks out the level with high volume and significant reversal in Oi data.

Assess the strength of potential support or resistance levels by examining their weightage on a scale from 0 to 100, with 100 representing maximum strength. When the price is positioned between two areas of strong support and resistance, it suggests the market is moving within a range or sideways. This sideways behavior continues until there's a breakout, with high trading volume and a significant change in open interest data, signifying a shift in market trend.

When the price hits those significant support or resistance level without any accompanying change in open interest, it typically suggests the price is likely to be rejected at that point.

Historical Backtesting of Option Chain

Available from 16th Jan 2024

Backtest the data and create your own trading confluence.

Still confused where the market would go?
OiGenie verdict (Powered by Ai)

Red = Market may go down
Green = Market may go up

With these two clear color indications, we have formatted all the data (technical and option chain) in a way that allows you to read and interpret it simply by identifying the colors.

Genie is powered by AI that combines all this data, providing insights on market direction, momentum, and other possibilities.

Disclaimer

Option trading involves significant risk and high volatility, with around 90% of traders facing losses. Invest the amount what you can afford to lose without harming your financial health or mental well-being. Avoid becoming addicted to trading and don’t overtrade. Wise investing and self-discipline are crucial to make profit.

Genie's verdict is not always 100% accurate. Use stop loss and adhere to risk management practices. Combine it with other confluences for decision-making. Remember, it's your money; you need to protect it.

No more losses!
Select the right strike price.

Whether you are an option buyer or option seller, OiGenie suggests the most appropriate strike prices during various trading days and sessions. This is a common reason option traders make losses, as they tend to choose strike prices without knowing the associated risks.

OiGenie aims to increase the profit while significantly reducing the risk of investing in futures and options. This assistance helps to achieve a balance between risk and potential returns is key to long-term success.

Tradingview Charting UI

See the charts on the TradingView interface with unlimited number of indicators without the necessity of purchasing TradingView's premium subscription.

Simulate Tradingview's strategies in real option price

Implement and test TradingView's trading strategies using actual option pricing data. This involves taking the strategies you've developed or discovered on TradingView and applying them to live market conditions to see how they would perform with real-time option prices.

This module allows traders to assess the effectiveness and profitability of their strategies under real market before committing real money.

Non-Directional strategy

You may have observed many times where an option priced at Rs. 2.00 escalates to Rs. 100.00, a phenomenon that typically occurs around the expiry period and particularly on expiry days. This dramatic price movement presents an opportunity for traders to secure profits through strategic position hedging.

In this context, backtesting strategies like the long straddle and long strangle becomes invaluable. The long straddle strategy involves simultaneously buying a call and put option of the same underlying asset, strike price, and expiration date, betting on significant price movement in either direction. Similarly, the long strangle strategy involves purchasing call and put options with the same expiration date but different strike prices, anticipating a major price swing.

By backtesting these strategies, you can analyze historical data to predict their potential profitability under similar market conditions, thus preparing for future opportunities to exploit the price surges seen during expiry and near-expiry periods.

Backtest real option price data with Tradingview Chart

Easily backtest historical real option prices using TradingView's charting UI. You simply have to select the date, and our app automatically selects the expiry and the At-The-Money (ATM) strike price, displaying the Put Option (PE) and Call Option (CE) charts in TradingView's charting UI.

Oi Chart

View the Call Oi and Put Oi alongside the asset's price in a chart format for a clear visual representation of market trends. This comparison can help identify whether bullish or bearish sentiment predominates and forecast potential market movements.

A sudden decrease in Call Oi combined with an rise in Put Oi signals a market reversal towards bullishness. Conversely, a sudden increase in Call Oi and a decrease in Put Oi indicate a market reversal towards bearishness.

PCR Chart

See the PCR values (Oi and Volume) for both ATM+ITM and ATM+OTM as a line chart to see the market momentum.

Rising PCR: A rising PCR suggests bullishness in the market.
Declining PCR: A declining PCR suggests bullishness in the market.

Oi Change Chart

The chart shows the change in Oi over specific time intervals.

For instance, if there's a +2.1L change in Call Oi at 2:15 PM with a 15-minute interval chosen, it indicates that 2.1 lakh (L) Call Oi was accumulated in the period from 2:15:01 to 2:29:59.

Look for the reported change in open interest for calls and puts. Positive values indicate an increase in OI (indicating Long Buildup or Short Buildup ), while negative values suggest a decrease in Oi (indicating Long Unwinding or Short Covering).

Oi Chart

The chart shows the Oi over specific time intervals.

For instance, if there's a +2.1L change in Call Oi at 2:15 PM with a 15-minute interval chosen, it indicates that 2.1 lakh (L) Call Oi was accumulated in the period from 2:15:01 to 2:29:59.

Look for the reported change in open interest for calls and puts. Positive values indicate an increase in OI (indicating Long Buildup or Short Buildup ), while negative values suggest a decrease in Oi (indicating Long Unwinding or Short Covering).

CE vs PE Chart

CE vs PE chart compares the cumulative distribution of Call (CE) and Put (PE) options contracts at different strike prices within a given expiry period. It visually depicts the open interest of Call options (CE) versus Put options (PE).

You can visually see the domination of the participants whether they are bullish or bearish. Crossover or sudden rise or fall can be determined as reversals.

Trending Oi

The "Trend OI" chart tracks the open interest (OI) of most

Oi Interpretation

See timestamp wise LTP, PCR(Oi), Oi (Put and Call), Oi Change (Call and Put), Combined Oi (Call and Put), EMAs (Signal, trigger, trend), RSI (3 min, 5 min, 15 min), Supertrend (3 min, 5 min, 15 min), VWAP, Oi Interpretation, Day high or low break, Oi power, Oi Sentiment.

Easy option chain

Easy option chain with support and resistance highlights. The option chain is also available in historical time intervals (3min, 5min and 15 min). Compare the participant data by going through the historical timestamps.

Straddle chart

Strangle Chart

Multistrike Oi

Price vs Oi

Afraid to start,
because you fear losing money?

Don’t worry, if you don’t want to deploy real money. Use our demo mode that simulates the actual profit/loss. Once you gain the confidence, you can start deploying real money.

Intuitive UI
Automated trailing SL, partial profits …

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Don’t know how to trade?
Let Genie decide:

If you are are beginner, and not sure what to trade and how to trade, Trade-X suggests :

Most suitable strike: TYrade-X suggests the most appropriate strike prices along with other parameters during various trading days and sessions. This is a common reason option traders make losses, as they tend to choose strike prices without knowing the associated risks.

The right stoploss & takeprofit levels: Trade-X also adds the right stoploss and profit levels as per your risk taking ability.

Deploying capital: Depending on how much capital or money you have in your wallet, Trade-X determines how much you should invest depending on the market situation.