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Option Master Elite

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Option Master Elite is a powerful indicator designed specifically for Index Option Buyers trading in Nifty, Bank Nifty, and Sensex.

Key Features:
  • Plots Supply & Demand zones on the Option chart
  • Highlights precise Buy and Sell points with minimal risk
  • Works with the ECR Setup, providing clear trade signals
  • Typical Stoploss under 20 points in Nifty
  • Helps identify high-probability trades with large target potential
  • Integrates Max Pain levels as key decision zones for buyers and sellers


This tool is built to give option traders a clear edge in intraday and positional setups. Whether you're trading the first 1-minute candle or tracking trend reversals, Option Master Elite gives you the clarity and confidence to act.
🔒 Disclaimer:
The Option Master Elite indicator is developed by Market Maker Setup and is intended for educational and research purposes only.

It is not a buy/sell recommendation. Users are advised to perform their own analysis and consult with a certified financial advisor before making any trading decisions.

Market Maker Setup is not responsible for any financial losses arising from the use of this indicator.
Release Notes
Minor bugs fixed.
Release Notes
✅ Minor bugs fixed for smoother performance
➕ OTM Strike Prices added
🔁 Now supports all strike prices across Nifty, Bank Nifty, and Sensex Options
Release Notes
Minor Bugs Fixed
Release Notes
📢 Option Master Elite - Update

Stock Options Added!
Now supports the following stocks on TradingView:

🔹 Asianpaint
🔹 Axisbank
🔹 TCS
🔹 HDFCBank
🔹 SBIN
🔹 Bharatiartl
🔹 Canbk
🔹 Drreddy
🔹 Grasim
🔹 Hindunilvr
🔹 Heromotoco
🔹 Infy
🔹 M&M
🔹 Motherson
🔹 NTPC
🔹 Powergrid
🔹 Reliance
🔹 TataMotors
🔹 Wipro

Start analyzing these Stock Options with Option Master Elite 🔥
More stocks will be added soon!
Release Notes
Minor Bugs Fixed.
Release Notes
Minor bugs fixed.
Release Notes
Analysis mode has been updated.
Pre-Market, Open Price, After Market, Backtest mode
Release Notes
Minor bugs fixed.
Release Notes
Minor bugs fixed.
Release Notes
Minor bugs fixed
Release Notes
Minor Bugs Fixed
Release Notes
Minor Bugs Fixed.
Release Notes
Minor Bugs Fixed.
Release Notes
Minor Bugs Fixed
Release Notes
Minor Bugs Fixed.
Release Notes
Minor Bugs Fixed.
Release Notes
Minor Bugs Fixed.
Intraday targets added.
Release Notes
Added Support & Resistance (Blue & Orange Dotted Line)
Release Notes
Minor bugs fixed for smoother performance.
Release Notes
Added Algo Selection for Supply & Demand Zones
  - Algo 1 – Core Logic (default)
  - Algo 2 – Precision Zones

Minor bug fixes for smoother experience.
Release Notes
Update: Echo Line Feature Added
We’ve added a powerful new feature – Echo Line – to simplify option analysis.
Now, users can compare both Call and Put options on the same chart without switching between multiple charts.
The Echo Line allows both sides of the market to be visualized together, sharing the same Supply & Demand, Support & Resistance, and Max Pain levels.
This update helps option traders make faster and clearer decisions — all in one place.

Note: Echo Line is based on proprietary logic and does not require any manual setup.
Release Notes
We’ve rolled out powerful new enhancements:
  • Echo Candle – View both Call & Put data visually on the same chart for faster comparisons.
  • New Signal Modes – Choose from Pivot 1, Pivot 2, and ATM Analysis for more trading flexibility.

Release Notes
Minor Bugs Fixed.
Release Notes
Minor Bugs Fixed.
Release Notes
Minor Bugs Fixed.
Release Notes
Weekly & Monthly Analysis Update
Now you can switch analysis timeframe between Day, Week & Month with just one click!
  • Predict weekly direction & swing moves with ease
  • Enter trades for big targets with higher premiums (Best for Option Sellers)
  • Buyers can find low premium entries with confidence
  • Smarter multi-timeframe analysis inside your charts

Release Notes
we’ve added a special Supply & Demand plotting:
✨ iDemand & iSupply

✅ This new feature allows you to take trades at the exact edge of Supply & Demand zones.
✅ One more powerful confirmation for direction and entry accuracy.
Release Notes
Added Buy above, Sell Below, Strong Buy & Sell Levels
Release Notes
🧭 Signal Modes Added: Previous Low & Previous High

⚙️ Pivot Mode Updated: Enhanced for Edge Line Indicator

⚠️ New Feature: Buyers Warning Message
 → “Warning: Buyers Lose Edge Below This Line”
Release Notes
Minor Bugs fixed
Release Notes
Updated Intraday Trading Range
Release Notes
Minor Bugs Fixed
Release Notes
Minor Bugs Fixed
Release Notes
Advanced Label Logic Update

Buy Above: High Priority => Key Resistance / Breakout Level
Buy Above / Sell Below => Intraday Bounce Zone
Strong Buy => Intraday Target / Short Covering Trigger
Release Notes
Auto Update
Release Notes
Pivot Calculation Update.
Release Notes
Minor Bugs Fixed
Release Notes
Added EdgeMax Level.
Release Notes
Minor Bugs Fixed.
Release Notes
🔔 Option Master Elite – Latest Update
⚙️ Auto Support & Resistance Calculation Added

Support & Resistance values (R1, R2, S1, S2, PX) are now calculated automatically inside Option Master Elite.
Users can now easily select the correct Signal Mode based on the market opening level.


📊 How to Use the New S/R Signal Mode
1️⃣ Check where the market opens relative to the S/R levels.
- If market opens near S1 → select S1 Signal Mode
- If market opens near R1 → select R1 Signal Mode
👉 Apply the same Signal Mode for both CALL and PUT options.
Release Notes
Minor Bugs Fixed.
Release Notes
Minor Bugs Fixed.

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 MarketMaker_Setup directly.

Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. 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

Contact: 7395884160 Web: http://www.marketmakersetup.com
Warning: please read our guide for invite-only scripts before requesting access.
MarketMaker_Setup
Also on:
educationalforecastingoptionsoptionstrading

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.
educationalforecastingoptionsoptionstrading

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 MarketMaker_Setup directly.

Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. 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

Contact: 7395884160 Web: http://www.marketmakersetup.com
Warning: please read our guide for invite-only scripts before requesting access.
MarketMaker_Setup
Also on:

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.