BEP Level by Jitendra

BEP Level Indicator "Break-Even Zone"

Overview Summary of This Indicator

Options Break-Even (BEP) indicator that calculates and plots Call & Put BEP levels using real option premiums.
It helps option sellers identify the true no-profit / no-loss price zone directly on the chart.

This indicator is ideal for NIFTY, BANKNIFTY, SENSEX, BANKEX, and NSE stocks.

Dynamically builds ATM option symbols (CE & PE)
Fetches option premiums from NSE / BSE
Calculates Call BEP & Put BEP
Displays forward-only or historical BEP levels
Highlights the BEP trading zone
Triggers alerts when price enters the BEP zone

Key Features

• Accurate Options BEP Calculation
  
• Uses real CE & PE option premiums
  
• Supports Daily / Weekly / Monthly BEP
  
• Manual ATM Strike & Expiry control
  
• BEP Zone visualization
  
• Forward-only clean BEP levels
  
• Historical BEP tracking (optional)
  
• Alert when price enters BEP zone
  
• Designed for option sellers & range traders
  

How BEP Is Calculated

Call BEP = ATM Strike + Call Premium

Put BEP = ATM Strike − Put Premium


Between Call BEP & Put BEP

• Price inside zone → Option sellers break even
  
• Price outside zone → One side starts losing
  

Premium source can be selected as:

1. Previous period close
   
2. Today’s open
   
3. Live premium
   

Supported Instruments
Fill Right Option Expiry Dates in Setting

• NIFTY
  
• BANKNIFTY
  
• SENSEX (BSX)
  
• BANKEX (BKX)
  
• NSE Stocks
  

Display Modes

Only Next BEP

• Shows forward-projected BEP levels only
  
• Best for live trading
  
• Clean & clutter-free view
  

Next + Historical

Displays past BEP levels
Optional shaded BEP zone
Useful for analysis & back testing



ATM & EXPIRY SETTING



Premium Data Retrieval (Core Logic)

Previous Period Close

request.security(symbol, tf, close[1])

Current Period Open

request.security(symbol, tf, open)

Live Premium

request.security(symbol, timeframe.period, close)

Data Flow Summary

Chart Symbol
   ↓
Instrument Detection
   ↓
Prefix + Expiry + Strike
   ↓
Option Symbol (CE / PE)
   ↓
request.security()
   ↓
Premium Selection
   ↓
BEP Calculation

Data Safety & Performance Considerations

• Uses dynamic_requests=true to allow runtime symbol creation
  
• No loops → avoids request limit issues
  
• Premiums are fetched only for:
  

One Call option
One Put option

• Optimized for real-time usage
  

Thanks
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