Yes, this is completely possible with AlgoDelta.
You can do this using the <b>Custom Bridge</b>.
While setting up the bridge:
<li style=”font-weight: 400;” aria-level=”1″>Configure the <b>Call Option</b> in the Upside Execution section
<li style=”font-weight: 400;” aria-level=”1″>Configure the <b>Put Option</b> in the Downside Execution section
After that:
<li style=”font-weight: 400;” aria-level=”1″>When a BUY signal comes from your strategy or indicator → the upside execution runs and the selected Call Option is traded
<li style=”font-weight: 400;” aria-level=”1″>When a SELL signal comes → the downside execution runs and the selected Put Option is traded
So you can keep your TradingView strategy on the Nifty chart and let AlgoDelta handle the option execution.
Also, if you want to reverse positions automatically, you can enable the “Exit on Opposite Signal” settings.
That means:
<li style=”font-weight: 400;” aria-level=”1″>Existing Call position can be exited automatically when a SELL signal comes
<li style=”font-weight: 400;” aria-level=”1″>New Put position can be opened immediately
<li style=”font-weight: 400;” aria-level=”1″>Same logic works in reverse as well
