Need .NET terms for "nearest term", "deep in-the-money", "call option"

The discussion started here https://www.elitetrader.com/et/threads/option-code-lookup.308002/#post-4429749 and has evolved into a topic more suited for a programming thread as opposed to where it is now.

I am looking to day trade options with the Multicharts .NET platform or other suitable approach as my trial period for multi-charts is running out.

Multicharts does have the ability to trade options.

What makes it challenging is that you cannot easily lookup an option code and define a constant for a term to designate that particular type of option.

The re-usable constant in my case would be one for a "nearest term", "deep in-the-money", "call option", for a given input which in this case, would be an underlying such as SPY or SPX.

I can define the specific parameters for what I mean by a "nearest term", "deep in-the-money", "call option", but do not yet know how to build the .NET class or other parameter to calculate what it is, and use it on each signal.

A Call Option (CALL).
Nearest Term (NT) = Least number of days to expiration.
In-The-Money (ITM) = Delta closest to .90 but not higher.

Assistance is greatly appreciated.
 
Last edited:
I need assistance in modifying this code to calculate the option code to be used at the time of each signal.

Code:
namespace PowerLanguage.Strategy
{
    [IOGMode(IOGMode.Disabled)]
    public class Key_Reversal_LE_data2 : SignalObject
    {
        private IOrderMarket m_KeyRevLE;

        public Key_Reversal_LE_data2(object ctx) :
            base(ctx)
        {
            Length = 1;
        }

        [Input]
        public int Length { get; set; }

        protected override void Create(){
            m_KeyRevLE =
                OrderCreator.MarketNextBar(new SOrderParameters(Contracts.Default, "KeyRevLE", EOrderAction.Buy));
        }


        // Using BarsofData(2) in place of original Bars in order to get the signal to be based on the data2
        // which contains the stock symbol where the actual order is placed on the option symbol itself.
        protected override void CalcBar(){
            if (PublicFunctions.DoubleLess(BarsOfData(2).Low[0], BarsOfData(2).Low.Lowest(Length, 1))
                && PublicFunctions.DoubleGreater(BarsOfData(2).Close[0], BarsOfData(2).Close[1]))
              m_KeyRevLE.Send();
        }
    }
}
 
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