Hi, I want to examine a strategy using the option chain data combine with candelstick pattern, I'd tried to do it with easylanguage in tradestation, but coudlnt find an easy access to the option chain yet, i'm not a progremmer but i know to write simple code. If somone know a platform that enable me to achive my goal ,please let me know Thanks, Tal
This is not a good idea I'd stay away from anything like that. There's no alpha it's all beta and in any case how would you do sizing and level to close? My intuition tells me trade 1's and let it run when in the money.
There's no easy access to the options data in TradeStation. They do have a (very poorly documented) object-oriented method for it, but it barely works - sometimes, when it feels like working - and after pouring several hours of my time down that drain a couple of years ago, I gave up on it. It feels like one of their core programmers got high, started on developing this thing, gave up half-way through, and provided public access to that abandoned piece of crap anyway. But if you feel like you really, really want the programming equivalent of having half your teeth extracted without anesthesia, search for tsdata.marketdata.OptionChainProvider . You'll be sorry...
This might do what you want. Not expensive and free to try (ET sponsor): https://www.orats.com/wheel/
Seems a rabbit hole. A dead end if not outright dangerous. Try doing technical analysis on IV or VIX. TA studies grounded on statistical methods are best. But, there are more formal methods coming from econometric studies.
Yeah, it's a toxic dumpster fire. As I recall, MarkPlex has a video about it on YouTube - some simple calculation - and the code they showed was at least several hundred lines. A good 99% of that was just setting up the class itself. I do have ToS, but I haven't done anything with options data in it.