Scalper Pro | OptionWriter

Scalper Pro | OptionWriter is an advanced all-in-one intraday trading indicator designed specifically for index and options traders. It combines trend detection, volatility-based price zones, session analysis, institutional levels, and multi-timeframe support/resistance into a single, powerful toolkit.

This script is best suited for scalping, option writing, and intraday positional trading.

🔹 Core Features
1. Predictive Price Ranges (Dynamic Support & Resistance)
Uses ATR-based adaptive calculations
Automatically adjusts to volatility

Displays:
Upper Range 1 & 2
Average (mean price)
Lower Range 1 & 2

Helps identify:
Mean reversion zones
Range expansions
Premium selling areas for options

2. SuperTrend Trend Engine with Signals
Custom ATR-based SuperTrend logic
Clear trend direction detection
Buy & Sell signals when trend changes

Optional:
Visual background highlighting
Signal labels

Ideal for:
Directional bias
Entry & exit confirmation

3. VWAP (Volume Weighted Average Price)
Institutional benchmark price
Adjustable color and line width

Acts as:

Dynamic intraday support/resistance
Fair value reference for scalping

4. Session Range Box (Market Open Focus)
Highlights a user-defined trading session

Automatically plots:
Session High
Session Low

Useful for:
Opening range breakout (ORB)
First-hour range strategies
Option selling risk boundaries

5. Automatic Session Separator (Day Break Lines)
Draws vertical lines at each new trading day

Customizable:
Line style (dotted / dashed / solid) Color and width

Keeps charts clean and well-structured

6. CPR (Central Pivot Range) System
Supports multiple pivot types: Traditional / Fibonacci / Classic / Camarilla
Timeframes: Daily / Weekly / Monthly
Quarterly / Half-Yearly / Yearly

Includes:
CPR (Pivot, TC, BC)
Full Support & Resistance ladder (S0.5 to S5 / R0.5 to R5)

Optional:
Historical CPR
Developing (live) CPR levels

Perfect for:
Intraday levels

Range-bound vs trending day identification

7. Developing CPR (Forward Projection)
Plots future CPR levels based on live price data
Automatically skips: Weekends / NSE/BSE holidays
Can extend levels into upcoming sessions

Extremely useful for:
Next-day option planning
Overnight bias preparation

8. Multi-Timeframe Highs & Lows Projection
Projects:
Daily High/Low
Weekly High/Low
Monthly High/Low

Optional right-side extensions
Gradient coloring for recency (optional)

Helps identify: Liquidity zones / Rejection levels / Stop-hunt areas
Customization & Control

Fully configurable inputs for: Colors / Line styles /Visibility toggles

Enable only what you need to keep charts clean

Optimized for intraday charts (1–15 min)

Best Use Case : Index scalping (NIFTY, BANKNIFTY, FINNIFTY)

Option selling (range & trend-based)

Opening range strategies

VWAP + CPR confluence trades

Institutional level trading

Trader’s Edge

This indicator replaces multiple separate tools by merging:

Trend

Volatility

Session structure

Institutional levels

into one professional-grade system, designed for serious traders and option writers.