thinkscript Spot LOD < $1 Visualizer for Option Chain on thinkorswim (FREE)

# === LOD < $1 Visualizer for Option Chain ===

# Author: 0DTE_SPX | https://0dtespx.gumroad.com | https://x.com/0DTE_SPX

# Purpose:

# Highlights option contracts where the Low of Day (LOD) fell under $1.00.

# Designed for option traders looking to identify contracts that became cheap intraday.

#

# Features:

# - Custom quote column displays LOD value for each option.

# - Highlights contracts in green heatmap if LOD < $1.00 (or custom threshold).

# - Works intraday for real-time visibility into cheap contract opportunities.

#

# Benefits:

# - Allows traders to scan for explosive risk/reward plays with low entry cost.

# - Supports fine-tuning by adjusting the LOD threshold to fit different strategies.

# - Improves option chain visibility without relying on volume alone.