OptionWriter Tool Kit

前天

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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