OptionWriter Tool Kit
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.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact JXS897 directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact JXS897 directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.