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OptionWriter Tool Kit

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Option Writer Tool Kit is a clean and practical indicator designed for NIFTY, BANKNIFTY, and index option sellers.
It brings all important market levels and trend filters into one simple chart.
What This Indicator Shows

🔹 Central Pivot Range (CPR)
Previous day CPR levels (Pivot, TC, BC)
Identifies:
Narrow CPR → Possible big move
Wide CPR → Range-bound market
Ascending / Descending CPR → Market bias

🔹 VWAP
Shows intraday VWAP
Helps understand:
Price above VWAP → Bullish bias
Price below VWAP → Bearish bias

🔹 Super trend
Shows trend direction
Optional Buy/Sell labels
Used as a trend filter, not for frequent entries

🔹 Daily / Weekly / Monthly High–Low
Important support and resistance levels

Useful for:
Option selling zones
Rejection and breakout areas
How to Use (Simple)
Check CPR type
See price position vs VWAP
Confirm trend with Supertrend
Respect Daily / Weekly / Monthly levels

Decide: Sell options or stay out
Best For
Index option sellers
Intraday traders

Traders who want clean and simple charts
Important

This is a decision-support tool, not an auto-trading system.
Always use proper risk management.
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Pernyataan Penyangkalan

Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.