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).
受保护脚本
此脚本以闭源形式发布。 但是,您可以自由使用它,没有任何限制 — 在此处了解更多信息。
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这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
受保护脚本
此脚本以闭源形式发布。 但是,您可以自由使用它,没有任何限制 — 在此处了解更多信息。
subhash
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。