TC2000 Help SiteWhat's New In Version 19 What's New For OptionsHow to Plot Indicators Based On Option Price History

How to Plot Indicators Based On Option Price History

You can now plot many indicators based on the option price history (not the underlying stock).

1. Click the Add Plot to Chart button.

To plot this indicator for an option, make sure you have an option selected from your option chain. Click here for more on viewing option chains and charts.

1. Click the Add Plot to Chart button.

There are two other ways to open the Add Plot menu. 1) Use the forward slash "/" hot key to add indicators; 2) Right-click anywhere on the chart and choose Add Plot from the drop down menu.

2. Type Option in the search field

2. Select the technical indicator you would like to add from the list or type it into the search field.

Use the search field to quickly look up items to plot.

3. Click on the option indicator desired

In this example we will choose Volume-Option (but any other options-related plot can be used).

2. Select the technical indicator you would like to add from the list or type it into the search field.

4. The Indicator (option volume) is plotted for the option in the bottom pane

3. Most Indicators will be added to the bottom of your Chart Template.

5. Plot overlay on Option Chart

If you want the indicator plotted on the option price history, click the option label in the legend of the pane.

Select Add Plot Here...

Type the desired indicator name (example here is Moving Average-Simple)

The indicator is now plotted over the option price history (overlaid)

6. Plot Technical Indicators based on Option price history

Add technical indicators based on the price history of the option (not the underlying stock). Click the Add Indicator button.

1. Click the Add Plot to Chart button.

Type the name of the desired indicator (in this example, Stochastics). Click on the Stochastics indicator in the list to add it to the chart.

The Stochastics plot is currently based on the stock's price history. Click the name of the indicator in its pane and select Data Source of Plot. In the flare out menu, place a checkmark beside "Option Symbol".

The Stochastics plot is now based on the Option price history (and thus is the stochastics of the option). Note: this can be done with many technical indicators.

Click here for more about moving/arranging plots on your chart. Click here for more on editing indicators. Click here to learn more about changing the data source of indicators.