This customized Thinkorswim indicator shows stock option data as a panel on chart.
It makes possible for option traders to track multiple strikes with different underline stocks in one single chart. You don't have to check every symbol and strike manually anymore. It will save you a lot of valuable time and improve your efficiency.
Understanding the inputs
The best way to know how it works is to begin with an example.
If you want it to show the option data of 'SPY' with strike 230 and expires: April 13, 2017,
and get alerts if the Last of Call or Put is greater than $2.
Then you can use the following inputs if the current chart is 'SPY'.
If the current chart is QQQ, and you want to watch the option data of 'SPY' with strike 230 and expires: April 13, 2017. Then set:
input expireDate = "170413";
input strikePrice = 230;
It will alert if the Last of Call or Put is greater than $2. You could uncheck the "Enabled" option to disable the alerts.
If you only want to track the options for the current symbol displayed in chart, then simply set
input useCurrentSymbol=Yes, then specify strike prices and expiry dates you are interested in.
The screenshot shown below is an example of adding this indicator 6 time with useCurrentSymbol=Yes and different strike and different expiry date.
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