OPEN-SOURCE SCRIPT
Updated Nifty & Bank Nifty Options Target Levels
Nifty Options Target Projection Indicator
This indicator is specially designed for Nifty & Bank Nifty options traders who want clear and structured target levels during intraday trading.
Instead of giving buy/sell signals, this tool provides projected target zones for both buyers and sellers, helping traders plan exits and manage risk efficiently.
🔍 What It Does
• Displays buyer-side target levels
• Displays seller-side target levels
• Updates dynamically with price movement
• Works best on intraday timeframes
Perfect for:
• Weekly expiry trading
• Scalping
• Momentum-based moves
🎯 Why This Indicator?
Options trading is highly volatile.
Most traders struggle with:
❌ When to book profit
❌ Holding too long
❌ Exiting too early
This indicator helps by giving structured target references for both directions.
💡 How To Use
🔹 If market is bullish → follow buyer targets
🔹 If market is bearish → follow seller targets
🔹 Use with your own entry system
🔹 Always manage risk properly
⚙ Features
• Clear visual target levels
• Works for both buyers & sellers
• Intraday optimized
• Clean & lightweight
⚠ Disclaimer
Targets are projection levels based on price behaviour. Always use confirmation and proper risk management before trading options.
This indicator is specially designed for Nifty & Bank Nifty options traders who want clear and structured target levels during intraday trading.
Instead of giving buy/sell signals, this tool provides projected target zones for both buyers and sellers, helping traders plan exits and manage risk efficiently.
🔍 What It Does
• Displays buyer-side target levels
• Displays seller-side target levels
• Updates dynamically with price movement
• Works best on intraday timeframes
Perfect for:
• Weekly expiry trading
• Scalping
• Momentum-based moves
🎯 Why This Indicator?
Options trading is highly volatile.
Most traders struggle with:
❌ When to book profit
❌ Holding too long
❌ Exiting too early
This indicator helps by giving structured target references for both directions.
💡 How To Use
🔹 If market is bullish → follow buyer targets
🔹 If market is bearish → follow seller targets
🔹 Use with your own entry system
🔹 Always manage risk properly
⚙ Features
• Clear visual target levels
• Works for both buyers & sellers
• Intraday optimized
• Clean & lightweight
⚠ Disclaimer
Targets are projection levels based on price behaviour. Always use confirmation and proper risk management before trading options.
Release Notes
visual error fixedRelease Notes
New Levels UpdatedRelease Notes
fixed errorsOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.