OPEN-SOURCE SCRIPT

Ripstercombo

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📊 Ripster + RVOL + Saty ATR — Options Trading Dashboard

This script is an all-in-one market context dashboard for options traders.
It combines trend direction, volatility, participation, and remaining range into a simple visual layout so you can decide when to trade, what direction to trade, and when to stop trading.

This indicator is designed for:

0DTE options

Short-dated directional options

Index ETFs (SPY / QQQ / IWM)

Momentum and trend-following traders

🔝 Saty ATR Levels (Top Table)

The Saty ATR table shows how much of today’s move is already used and where key volatility levels sit.

It displays:

Day Range vs ATR %
→ how much of today’s normal range is already completed

Calls / Puts trigger levels

±1 ATR targets

Example:

Day Range ($4.68) is 54.5% of ATR ($8.59)
Calls > $618.31 | +1 ATR $624.87
Puts < $614.25 | -1 ATR $607.69

How to read it:

< 35% ATR → Market hasn’t moved yet (wait)

35–80% ATR → Best trading window

> 85–90% ATR → Late day (avoid new premium buys)

📈 LT (Long-Term) Trend Table

Shows multi-timeframe Ripster trend bias:

1H

Daily (two EMA structures)

Weekly (two EMA structures)

Each column shows Bullish / Bearish.

Rule:
Trade in the direction where most LT boxes agree.

⚡ ST (Short-Term) Timing Table

Shows:

Price Action

Ripster Clouds 34/50

Ripster Clouds 5/12

Used for entry timing, not bias.

Rule:
Best entries happen when ST agrees with LT.
If ST disagrees → wait (avoid chop and theta decay).

🔊 RVOL Table (Participation)

Shows:

Current candle volume

Current RVOL %

Previous RVOL %

Color-coded:

🟥 ≥ 200% → Strong momentum

🟧 ≥ 100% → Active

🟨 < 100% → Low participation

Rule:
RVOL confirms whether moves have real participation.

📏 ATR Levels on Chart

Plots:

Previous close

Trigger levels

±1 ATR

±2 ATR (optional)

These are reaction zones, not predictions.

Used for:

Entries on pullbacks

Profit targets

Risk management

🎛 Built-In Options Presets
Options Scalper

Clean layout

Focus on:

DTR vs ATR %

RVOL

LT + ST alignment

Best for intraday momentum and fast trades

Options Swing

Full context

ATR extensions enabled

Best for 2–10 DTE directional trades

0DTE Only

Ultra-focused

Designed to avoid late-day premium decay

Ideal for same-day options

🧠 Options Cheat Sheet (Quick Rules)

DTR vs ATR %

< 35% → Wait

35–80% → Tradeable

85% → Late day (manage exits)

RVOL

< 100% → Fakeout risk

≥ 150% → Momentum conditions

LT Table

Mostly Bullish → Calls only

Mostly Bearish → Puts only

Mixed → Chop (avoid buying premium)

ST Table

Aligns with LT → Entry window

Disagrees → Wait

ATR Levels

Don’t chase mid-range

Enter near trigger / ATR zones

Take profits into next ATR band

🎯 Core Principle

Trade only when Direction (LT), Timing (ST), Volatility (ATR), and Participation (RVOL) agree.

This script does not predict price.
It helps you avoid bad trades, reduce over-trading, and press high-quality setups.

⚠️ Disclaimer

This indicator is provided for educational purposes only.
It is not financial advice. Options trading involves significant risk.
You are fully responsible for your own trading decisions and risk management.

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