PROTECTED SOURCE SCRIPT
HEERA DIAMOND OPTION PRO
This indicator is designed for option sellers who need trend confirmation + key intraday levels to manage risk and time entries.
It combines Daily CPR, Supertrend (10,2), and VWAP — three essential tools that help filter trades and avoid false breakouts.
⚡ Components & Role in Option Selling:
Central Pivot Range (CPR – Daily)
Defines the intraday trend bias (above bullish, below bearish).
Narrow CPR → likely trending day → avoid aggressive selling.
Wide CPR → sideways market → better for option selling (short straddle/strangle, iron condor).
Supertrend (10,2)
Provides directional bias.
For option sellers, use this as a stop-loss indicator:
Stay short OTM Calls if price trades below Supertrend (bearish).
Stay short OTM Puts if price trades above Supertrend (bullish).
VWAP (Daily Anchored)
Acts as a fair value line.
Option sellers use VWAP as a mean-reversion reference:
If price stays close to VWAP → sideways → good for selling options.
If price trends away strongly from VWAP → avoid shorting both sides (avoid straddles).
🎯 Suggested Option Selling Use:
Straddle/Strangle Selling → When price is inside CPR and close to VWAP, with Supertrend flat.
Directional Credit Spreads (Bear Call / Bull Put) → When CPR + VWAP + Supertrend align in one direction.
Avoid Selling → If CPR is narrow and market breaks strongly (high trending risk).
It combines Daily CPR, Supertrend (10,2), and VWAP — three essential tools that help filter trades and avoid false breakouts.
⚡ Components & Role in Option Selling:
Central Pivot Range (CPR – Daily)
Defines the intraday trend bias (above bullish, below bearish).
Narrow CPR → likely trending day → avoid aggressive selling.
Wide CPR → sideways market → better for option selling (short straddle/strangle, iron condor).
Supertrend (10,2)
Provides directional bias.
For option sellers, use this as a stop-loss indicator:
Stay short OTM Calls if price trades below Supertrend (bearish).
Stay short OTM Puts if price trades above Supertrend (bullish).
VWAP (Daily Anchored)
Acts as a fair value line.
Option sellers use VWAP as a mean-reversion reference:
If price stays close to VWAP → sideways → good for selling options.
If price trends away strongly from VWAP → avoid shorting both sides (avoid straddles).
🎯 Suggested Option Selling Use:
Straddle/Strangle Selling → When price is inside CPR and close to VWAP, with Supertrend flat.
Directional Credit Spreads (Bear Call / Bull Put) → When CPR + VWAP + Supertrend align in one direction.
Avoid Selling → If CPR is narrow and market breaks strongly (high trending risk).
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
subhash
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.