Nifty-Banknifty-Option-Writer

2021年1月21日

Nifty-Banknifty-Option-Writer tool is having signals like below

1) Bullish signal for taking long trade
2) Bearish signal for taking short trade
3) Triangle UP signal for trend change Long trade
4) Triangle Down signal for trend change Short trade
5) Big Arrow down signal for closing long trade if u have any short trades
6) Big Arrow UP signal for closing Short trade if i have any long trades
7) This tool is having three zone GREEN, RED and GRAY
8) small red arrow and small green arrow

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How to use this tool:-

You should take long trade in index call option or sell put option when you will get Bullish signal or Big green Triangle and book the profit when you get any red signal either Its Big red triangle or Bearish signal or big downward red arrow close long trade or small red arrow.

Similarly you can take long trade for Index put option or sell call option for Short trade when you get Bearish signal or Big red triangle and book the profit when you will get close long big green arrow signal or small green arrow or Bullish signal or Big green triangle.

-If candle formation is having above GREEN and GRAY zone then it signifies strength is bullish and remain in Long trade till you are not getting close long trade signal or small red downward arrow signal.

-If candle formation is happening below RED and GRAY zone then it signifies strength is bearish and remain in short trade till you are not getting close short trade signal or small green upward arrow signal.

I have taken combination of ATR, Super trend and RSI to get the trend and trend change of underlying.


this tool i have created for any underlying not specific to Nifty or Banknifty though I have used this name so Indian can take benefit for Index trading.

Still didn't understand then ping me or give me call on my number given in signature i will make zoom call with you so will understand how to use this script.


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I have taking consideration of Bullish and Bearish trade for strategy and its giving its optimal result in 1 hr time frame.

I have added commission/slippage for trade so actual result can be displayed in strategy tester.

Ping me or DM me to subscribe this indicator.

I have given all my indicator details below link (Signature URL). You can check indicators and call me on given number or email me on given email to access the scripts and indicators. Telegram link is also given you can ping me there.

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Disclaimer : Past performance of the indicator is not giving guarantee for future performance as well, it may change as per market condition.

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2021年3月17日

版本注释

Removed Bullish and Bearish with long and short text and removed plot for same and used strategy.