(Implemented) New feature request- ATM IV Chart is now live on Options Trader Web

Sir,
I would be very grateful if you could provide us with

  1. IV CHART in the form of indicator panel cause
    option trading without IV plot is worthless.

  2. INDICATOR OVER INDICATOR
    so that we may customize indicators as per
    over need as we do in Zerodha getting
    confirmations at single indicator panel.

  3. ALERT BASED ON PROFIT N LOSS
    cause while we implement multileg strategies
    It is quite a big necessity.

  4. MULTI TIME FRAME INDICATOR
    Users must have option to determine the time
    frame for the indicator, whether he wishes to
    look for hourly daily weekly input based
    indicator plots.

4 Likes

Hi @RENU ,

Firstly, warm Welcome to the Dhan Community.

We really appreciate that you took the time to write down the suggestions. We have noted down all the pointers. Few things to mention in here,

  1. Suggestions noted.

  2. & 4. There are some limitations that comes with the libraries being extended by TV, we are constantly working on updating the experience for all, including bringing indicators over indicators and Multi time frame indicator.

  3. Can you please shed more light on your point here, we will surely consider in our price alerts update feature roadmap.

1 Like

Hello @RENU,

You wrote in 2022 that option trading without an IV plot is worthless, and asked for IV as a chart you could actually read.

The ATM IV Chart is now live on Options Trader Web. It shows implied volatility at the ATM strike continuously through the day, overlaid with the underlying spot price, across 1m, 5m, 15m, 30m and 60m timeframes. As the underlying moves and the ATM strike shifts, the chart handles that for you.

You will find it under the Insights tab at options-trader.dhan.co.

Is a continuous ATM IV line what you were after, or were you thinking of it sitting in the indicator panel alongside price?