Underlying View Directly on TradingView Derivative Charts

Underlying View is a one-click overlay that displays the underlying script’s price on any Futures or Options chart, helping traders quickly understand the delta impact and price alignment.

Switching between charts can break focus and delay decisions. Underlying View solves this by bringing the underlying directly onto the derivative chart instantly.

Traders can now observe delta, track premium responsiveness, and make faster, more confident decisions all on a single chart.

(Img: Underlying View)

Table of Contents

1. About the feature
2. Key Highlights
3. Utility for Traders

About the feature

A) One-Click Toggle for Underlying Display

A new Underlying View icon is added to the top panel (next to Alerts).

Traders can instantly:

• Enable or disable the underlying line graph
• Apply it across the main derivative chart in the current layout
• View underlying behaviour without changing their chart setup

Trader Value: This keeps the trader fully in context, watching the strikes or futures price while understanding exactly how the underlying is moving.

B) Precise Visual Overlay

The underlying is added using TradingView’s Add/Compare Symbol logic:

• It appears as a new price scale
• It plots cleanly over the derivative chart without distorting the derivative’s scale
• It helps traders track whether premiums are moving proportionately to the underlying

Trader Value: This preserves chart readability while enabling crystal-clear delta visualisation.

C) Customisable Chart Style for Underlying

The underlying line can be changed to:

• Candles
• Bars
• Hollow candles
• Or any available visual style in settings

All behaviours are consistent with TradingView’s comparison-mode charts.

Trader Value: Chartists can tailor the visual to match their preferred analysis style.

D) Automatic Applicability and State Handling

The Underlying icon is available only for derivative instruments (Futures and Options) where an underlying symbol exists.

• Active State Tooltip: “Underlying Symbol”
• Inactive State Tooltip: “Available only for scrips with an underlying symbol.”

If viewing a normal equity or any standalone scrip, the icon remains disabled.

Trader Value: Removes confusion and ensures the feature is shown only where meaningful.

Key Highlights

• One-click view of the underlying on any Futures or Options chart.
• Instantly understand delta impact and premium responsiveness.
• Clean overlay using a separate price scale for clarity.
• Fully customisable chart style for underlying visualisation.
• Auto-enabled only for derivative scrips to maintain relevance.

Utility for Traders

The Underlying View directly solves one of the most common pain points for derivative traders:

1. Understand Delta Response Instantly: Instead of guessing how premiums react, traders can see the underlying’s move momentum, reversals, volatility and watch how CE/PE prices follow.

2. Faster Decision-Making for Scalping & Intraday Trading: This eliminates the need to switch charts when entering or exiting quick trades. Premium behaviour becomes easy to read in real time.

3. Clear Visual Alignment Between Underlying & Derivative: Great for analysing - 

• Easily see how premiums rise or fall as the underlying moves
• Spot when option prices react faster or slower than expected
• Identify moments when the derivative and underlying move differently
• Quickly confirm if a breakout in the underlying is driving the option move

4. Cleaner Workspace, Fewer Charts Needed: No multi-chart clutter. No manual comparison. No losing the underlying context while analysing strikes.

5. Stronger Price-Action Confidence: Being able to see whether the underlying supports the premium move helps traders enter with conviction and avoid false signals.