OTS: OPTION TRADING SYSTEM

Option Trading System is a unique and first of its kind system to help us trade in Options of Index and all FNO stocks. It is based on a metric of Aggression Meter which has been setup with an artificial intelligence. OTS bring the power of AI to FNO trading.

The system identifies the entire option chain for the underlying security when its cash chart is plotted. It also plots the real time option chain for 15 nearest strikes.

The AI Algorithm identifies the best opportunity according to the underlying and option premiums and declares the result of the Aggression Meter.

Aggression Meter results helps the system to identify the best probable hedge for the current situation.

The markings of the Aggression meter are plotted in real time on the underlying intraday chart.

The table plots the following things:

1. Aggression Meter readings : As per the AI result
2. Power strikes : The strikes which are in focus for intraday
3. Action Strikes: these strikes can be used for positional
4. Hedge: this section mentions the two strikes which can be used to design the hedge according the results of the Aggression Meter

User also has on option to plot the Dynamic Option Chain by Trading Siksha

The Dynamic option chain plots the nearest strikes and marks the ATM strike for the day and also highlights the strikes which are in focus for buying and selling as per the Hedge. The selected strikes are highlighted in green and red. Green resembles the buying leg and red identifies the selling leg of the hedge.

The entire indicator and system is build in accordance to our understanding and research. It has been backtested for over and year. The system is dependent on the data flow provided by the system.

The indicator is designed for ease of use and to overcome human errors while analysing the charts. It also eases out the process of designing the hedge at any give point of time. We have designed the system for self use and for the use of like minded individuals.

The indicator is strictly shared for personal educational purpose. Any act of copying or claiming any right will be seen as a violation and severe consequences will be imposed.

The user can take help of this indicator but apply his own sense of wisdom and understandings before making any trading decision. It is an indicator which indicates to you the best possible decision as per the metrics. It does not give you any decision. Decision must be made by oneself on his own.

 

Inputs Required while using this indicator:

The user must enter the following things in the indicator settings before using the indicator:

1. Select the same Stock from the drop down which is plotted on the chart
2. Enter the Price as shown on the indicator when the chart is plotted
3. Enter the Expiry Day for Nifty for the desired expiry
4. Enter the Expiry Day for Sensex for the desired expiry

It is always advisable to use the current month expiry as we get enough liquidity to plot the option chain and do the metrics properly.

User may use this indicator for weekly options also on Nifty by changing the expiry date of nifty from monthly to weekly, but he must ensure to change it back to monthly expiry date before plotting the indicator on any other index or stock.