OLIMP has dozens of switches, and you do not need them all at once: the chart would become unreadable. Here is how to assemble a working set for your task and tune the thresholds.
Ready-made sets
Starting configurations for different styles. Anything not listed is off.
- Clean chart (to start). OI walls (1–2), Max Pain, ±1σ corridor, info panel. Minimum lines: boundaries, center and expected range.
- Intraday. Weekly contract, daily range centered on live price, Gamma-Flip, walls (2), daily pivots, bank levels, trading sessions.
- Swing (days to weeks). Monthly contract, "Contract history", balances, walls (3), ±1σ/±2σ corridor, inflow extended right with progress/regress tracking.
- For options traders. Term structure, volatility smile, 25Δ wings, ±1σ corridor, OI profile, "add premium".
- Expiration day. That day's weekly contract, Max Pain, walls (3), Gamma-Flip, the expiration line.
Ready-made sets are also in the indicator simulator, where you can try them without installing the indicator.
Tuning filter thresholds
"Contract" → "Filter" decides which strikes reach the chart. Thresholds are in contracts and differ by instrument: gold and the S&P 500 have open interest in the thousands per strike, less liquid instruments in the hundreds.
- "OI ≥" is the main filter for the level map. Raise it until 5–10 key strikes remain.
- "inflow ≥" shows where positions were added over the last day. Start with a threshold several times lower than for OI and raise it until 2–4 levels remain.
- "outflow ≥": enable when you need to see where positions are leaving.
- "delta ≥": at 0.9 it keeps deep in-the-money options that behave almost like the future.
Filters work as "or". "All strikes" on the "More" sub-tab ignores the filters: good for an overview, usually too dense for daily work.
Labels at strikes
The "Text" sub-tab controls what is printed next to a level. The full set of fields is always available in the hover tooltip, so 2–4 fields on the chart are enough.
- Working minimum: type (C or P), premium, OI, OI change. You see what the level is, how many positions it holds and whether it is growing.
- "strike" helps with "add premium" on: the label sits at the breakeven while the text shows the strike itself.
- "contract" and "report date": when levels of several series are on the chart or history is on.
- "Text scale": 30 to 400%. Increase it on a high-resolution monitor, decrease it when there are many labels.
Aligning with your broker's price (FP)
Levels are in CME futures prices, while the chart is usually spot or a CFD. The difference is the basis. If levels are consistently offset from price, enable "Shift levels by Forward Point" on the "FP" tab.
- "report": the shift is calculated as of the report date. Usually the right choice: walls and Max Pain sit at specific strikes and should not travel with price.
- "live": tied to the live chart price; suitable only for the freshest report.
- "CME/broker basis": removes only the constant quote offset.
An "FP" field value of 0 means automatic calculation. The "current shift" row shows the correction applied right now.
Corridor from current price or from the report
The ±σ corridor and the daily range have a "center on live price" switch. On: levels are projected from the live price, handy intraday. Off: from the close on the report date, showing how far price has moved from yesterday's point.
If the chart is overloaded
- Collapse the panel by clicking its title: levels stay, the control block goes away.
- Turn labels off entirely ("Show text on levels"): only bars remain.
- Replace strike bars with the "OI profile": a histogram at the right edge instead of lines across the chart.
- For the market range, enable "no central zone": shading stays only at the walls.
- The "CONTRACT" switch removes all option levels at once without resetting settings.
Settings are remembered separately for each instrument. How the panel itself is organized is covered in The OLIMP panel.