Indicator Guide

How to use
The 99th Floor.

A complete walkthrough of the Bull Put and Bear Call indicators — what every level means, how to read the chart, and how to trade with it.

In This Guide
Setup & Access

Getting
started.

To get access to the indicator, post a request in the #tv-indicator-request channel in Discord. Once granted, the indicator will appear in your TradingView account. The minimum chart timeframe is 30 minutes — it will not draw below that. For best results:

1
30-Minute Chart — 0DTE Trading
The primary chart for same-day trades. Daily levels, the OR Bias dot at the 9:30 candle, 2HR stepping lines updating every 4 bars, and the ATR Range Stick on every candle.
2
1-Hour Chart — 0DTE or Slower Monitoring
Slightly cleaner view. 2HR lines step every 2 bars. All daily levels remain accurate.
3
Daily Chart — 5DTE Weekly Trades
For Monday entry weekly spreads. Weekly levels dominate. The full week's context visible at a glance.
Bull Put and Bear Call on 30m and 1D charts side by side
Both indicators live — Bull Put (left, 30m) and Bear Call (right, 1D) on QQQ · Apr 13, 2026
Pro Tip

Run both indicators simultaneously on the same chart to see put levels below and call levels above — the full statistical range for the day at a glance.

The Level System

Two models.
One zone.

Each level is a zone — two independent calculations running simultaneously. The first is historical: 500 days of real price data at each percentile. The second is forward-looking: VIX-implied expected move using precise z-scores. When both agree, you get a shaded confluence zone. Tighter zone means stronger agreement.

95%
Most Premium
Price only reached this level 5% of days. Highest premium. Use on clean, high-conviction days.
98%
Sweet Spot
2% of days. The default starting point. Balances premium with statistical safety.
99%
Conservative
1% of days. Use when conditions are elevated or the OR Bias flags caution.
99.99%
The Floor
Statistical extreme. Almost never reached. Your spread's long leg lives here.
Strike Selection Priority

Always start at 95% (most premium). If the zone is too close to price, step out to 98%, then 99%. Only hard skip: VIX/VIX3M above 1.15 (panic skew). High VIX alone is a size-down warning, never a block.

Color System

Every color
means something.

A strict color family system — once you know the color, you know the timeframe and level instantly.

Daily Levels — Orange Family

D 99.99%
D 99%
D 98%
D 95%
D 90% EM

Weekly Levels — Blue Family

W 99.99%
W 99%
W 98%
W 95%
W 90% EM

2HR Stepping Lines

2H 90% — Bull Put
2H 85% — Bull Put
2H 90% — Bear Call
2H 85% — Bear Call
Daily Levels — 0DTE

The orange zones.
Your 0DTE anchor.

Calculated fresh every morning from the day's open. All four daily zones (D 95%, D 98%, D 99%, D 99.99%) sit below price on the Bull Put. The shaded zone between each pair of lines is the confluence area — tight zone means highest conviction.

Bull Put daily levels on 30-minute QQQ chart
Bull Put — 30m QQQ. D 95/98/99/99.99% zones below price. D 90% EM dashed above. OR Bias dot at 9:30 candle. Yellow 2HR lines from Bear Call running simultaneously.

The D 90% EM Line

The dashed D 90% EM line above the orange zones is a proximity warning, not a strike level. When price approaches it from above, the day's statistical range is being consumed. D 93%, D 85%, and D 80% EM lines are available but off by default.

Key Insight

The D Open line (gray dashed) is your anchor for the entire day. Every daily level is a percentage move from that morning open — it doesn't change after market open.

Weekly Levels — 5DTE

The blue zones.
Your full-week anchor.

Anchored to Monday's opening price, never changing during the week. The W 99%, W 98%, and W 95% zones are your reference for all 5DTE trades. The W 99.99% line is the absolute weekly floor — the long leg of your spread lives here.

Bear Call weekly levels on daily QQQ chart
Bear Call — Daily QQQ. W 99%, W 98%, W 95% call zones above price. W Avg Up, W Open, W Avg Down reference lines. W 99.99% ceiling at top.

W Avg Up / W Avg Down

The teal W Avg Up / W Avg Down lines are the 50th percentile weekly move — not strike levels, but range-consumed reference lines. When price moves past W Avg Down (puts) or W Avg Up (calls), the week's expected range is largely spent.

W Open

The dashed white W Open line is Monday's anchor. All weekly levels are percentage moves from this price — if the W 99% looks far from Thursday's price, it's because the week's move already happened.

5DTE Rule

Enter on Monday for maximum time decay. The further into the week you enter, the less premium and the less theta works in your favor.

Opening Range Bias

Know the day
at 10:00 AM.

At 10:00 AM ET, when the first 30-minute candle closes, a colored dot appears with a verdict. Six structural signals evaluated, one answer. Only fires on the 30-minute chart.

90% Day
All signals aligned. Maximum premium available. Exceptional conditions.
95% Day
Clean conditions. Sell at D 95%. Most good trading days return this verdict.
98% Day
Mixed signals. Step out to D 98% or reduce size.
99% / Skip
Conditions hostile. Minimal size or sit out entirely.

The Six Signals

Q1
Close vs Yesterday's Close
Where the opening range closes relative to yesterday sets the directional tone for the session.
Q2
Close vs VWAP
Bull Put: closing below VWAP is positive. Bear Call: above is positive.
Q3
Overnight Gap Direction
Overnight gap direction indicates whether early momentum favors a continuation or a fill — each matters differently for puts vs calls.
Q4
Opening Range Width
A compressed opening range signals low conviction and a clean environment for selling premium. An expanded range signals elevated risk.
Q5
Close vs EMA8
Price position relative to the short-term trend indicator reveals whether the market is stretched or has room to continue.
Q6
VIX Term Structure
VIX term structure reveals whether the market is pricing near-term fear at a premium. Panic skew conditions override all other signals.
2HR Stepping Lines

The staircase.
Intraday refinement.

The stepping staircase below (Bull Put) or above (Bear Call) price. Updates at every 2-hour boundary and holds flat until the next step. Each step is the VIX-implied expected move for that 2-hour window. Red on Bull Put, yellow on Bear Call — diamond markers at each transition.

How to Read It

When price is near the 2HR 90% line, significant intraday statistical range has been consumed in this 2-hour window. The daily zones remain your primary reference — the 2HR lines are supplementary context for timing and monitoring.

Trade Workflow

The process.
Every single day.

0DTE — Same Day Expiry

1
Pre-Market Check
Be aware of the overnight move. A large gap can exhaust part of the day's ATR range before the session even begins, or signal that markets are running hotter than usual. Neither automatically kills the trade — just factor it into strike selection and position size.
2
Wait for the OR Bias Dot
At 10:00 AM ET the dot appears. Green or yellow — proceed. Orange — be conservative. Red — strongly consider skipping.
3
Select Your Strike
Start at D 95%. Check it's at least 1× ATR(7) from current price (ATR Range Stick shows this). If too close, step out to D 98%, then D 99%.
4
Execute and Monitor
Sell at or beyond the outer edge of your chosen zone. Hold to expiration — don't exit on normal intraday noise.
5
Exit Rules
Hold to expiration for full credit (preferred outcome). Hard stop: spread reaches 3× collected credit (−300% max loss) — close the trade. A single −300% loss is easily made up over time by the steady stream of full-credit wins; the math only breaks if you let losses run uncapped.

5DTE — Monday Entry

1
Monday Morning
Enter at Monday open for full 5 days of theta. Check VIX/VIX3M. W 99% zone is your primary target.
2
Strike Selection
Sell beyond the outer edge of the W 99% zone. W 99.99% is your long leg.
3
Hold All Week
Use W Avg Up/Down to gauge weekly range consumed. Daily noise is expected — patience is the edge.
4
Exit Rules
Hold to Friday expiration for full credit (preferred outcome). Hard stop: spread reaches 3× collected credit (−300% max loss) — close the trade.
Settings Reference

Every toggle.
What it does.

All analytical parameters are hardcoded — only show/hide toggles and color controls are visible.

Weekly Levels

SettingDefaultWhat it shows
Show W Floor 99.99%OFFAbsolute weekly floor/ceiling. Deep blue. Turn on for full weekly context.
Show W 99%ONPrimary weekly strike. Always visible. Your 5DTE anchor.
Show W 98%ONSecondary weekly level. Medium blue.
Show W 95%ONMost aggressive weekly level. Highest weekly premium available.
Show W Avg Up/DnON50th percentile weekly move. Teal lines — range consumed reference.
Show W OpenONMonday open anchor. All weekly calculations originate here.
Show W 99/98/95% ZoneONShaded confluence zones for each weekly level.
Show W 90% EMONWeekly EM proximity reference. Dashed light blue.
Show W 93/85/80% EMOFFAdditional weekly EM lines. Turn on for granular weekly analysis.

Daily Levels

SettingDefaultWhat it shows
Show D OpenONDaily open anchor. Gray dashed. All daily zones calculated from here.
Show 99/98/95% ZoneONMain daily strike zones. Primary reference for 0DTE trades.
Show 99.99% ZoneONExtreme daily zone — the absolute daily floor/ceiling.
Show D 90% EMONDaily proximity warning line.
Show D 93/85/80% EMOFFAdditional daily EM lines for granular intraday analysis.

2HR Levels

SettingDefaultWhat it shows
Show 2HR 95% ZoneOFFGreen shaded box for the current 2-hour window.
Show 2HR 90% EM StepONRed / Yellow stepping line with diamonds. Updates every 2 hours.
Show 2HR 80% EM StepOFFLighter stepping line, closer to price.
Show 2HR EM LabelsONLabels on the stepping lines showing "2H - 90%" and "2H - 85%".

OR Bias

SettingDefaultWhat it shows
Show OR Bias DotONColored verdict dot on the first 30-minute candle.
Show VWAPOFFDaily anchored VWAP line. Resets at 9:30 AM each day.

ATR Range Stick

SettingDefaultWhat it shows
Show ATR Range StickONATR(7) range boxes on every bar — teal above open, red below.
Show Open LineONHorizontal reference line at bar open inside the ATR stick.
Show ATR Value LabelsOFFNumeric ATR value label on the last bar.

Display

SettingDefaultWhat it shows
Show Label TabsOFFColored tab backgrounds on level labels. Off = cleaner chart.
Label Text ColorWhiteColor of all label text throughout the indicator.
Bear Call

The mirror.
Everything flipped.

The Bear Call is an exact mirror of the Bull Put — same engine, same settings, same structure. The only differences are directional:

↑
Levels Sit Above Price
All call strike zones are above current price. The percentile engine measures open-to-HIGH moves instead of open-to-LOW.
⊖
OR Bias Signals Inverted
Dot appears below the candle. All six signals flip — below prev close, below VWAP, and gap UP are all positive for calls.
◇
2HR Lines Are Yellow
Stepping lines are yellow instead of red — so both indicators can run simultaneously and be instantly distinguishable.
=
Everything Else Identical
Same settings groups, same defaults, same color families, same ATR Stick, same VIX logic. If you know the Bull Put, you know the Bear Call.
Running Both Together

Both indicators on the same chart simultaneously shows the full picture — orange/blue levels below price from Bull Put, orange/blue above from Bear Call, red steps below, yellow steps above.