OPEN-SOURCE SCRIPT
PSP Suite for Algo 1HTF -25% Target
## 🔹 PSP Suite for Algo 1HTF – 25% Target
**(Nifty Options – CE / PE)**
### 📌 What this indicator is for
PSP Suite for Algo is a **trend-based directional options indicator** designed specifically for **NIFTY index options trading**.
It helps traders capture **high-probability directional moves** with **clear CE / PE signals**, controlled risk, and predefined targets.
---
## ⏱ Best Timeframe
* **Primary Timeframe:** ✅ **1 Hour (1H TF)**
* Do **not** use on lower timeframes for best accuracy
* Works best during **trending sessions**
---
## 📊 Instrument Best Suited
* **NIFTY Index**
* **NIFTY Weekly Options**
* Buy **CE** on BUY signal
* Buy **PE** on SELL signal
⚠️ Avoid Bank Nifty / Fin Nifty unless properly back-tested.
---
## 🟢 How to Trade (Simple Rules)
### ▶ BUY CE Signal
* When **BUY CE** label appears:
* Buy **ATM or slight ITM CE**
* Prefer same-week expiry
* Enter **after candle close** on 1H timeframe
### ▶ BUY PE Signal
* When **SELL PE** label appears:
* Buy **ATM or slight ITM PE**
* Prefer same-week expiry
* Enter **after candle close** on 1H timeframe
🚫 No over-trading: **Only one position per signal**
---
## 🎯 Target & Stop Loss (Strict Rule)
* **Target:** 🎯 **25% Option Premium**
* **Stop Loss:** ❌ **25% Option Premium**
* **Risk : Reward:** ⚖️ **1 : 1**
👉 When trade moves strongly in your favor, **manual trailing is recommended** (as shown on chart).
---
## 💰 Expected Returns on Nifty
* **Per Trade:**
* ~ **100 – 250 Nifty points equivalent move**
* Option premium typically gives **20–40% moves**
* **Accuracy:** High during **clear trends**
* Best results when market is **not sideways**
---
## 📅 Ideal Market Conditions
✅ Trending Market
✅ Expansion after consolidation
❌ Avoid very low-volatility / choppy sessions
---
## 🔔 Alerts
* Built-in alerts available for:
* **BUY CE**
* **BUY PE**
* Recommended to enable **Once Per Bar Close**
---
## 🧠 Important Notes
* This is **not a scalping tool**
* Designed for **positional intraday / short swing**
* Follow **discipline in SL & position sizing**
* Works best with **trend confirmation from price structure**
---
## ⚠️ Disclaimer
This indicator is for **educational and analytical purposes only**.
Options trading involves risk. Please trade responsibly.
**(Nifty Options – CE / PE)**
### 📌 What this indicator is for
PSP Suite for Algo is a **trend-based directional options indicator** designed specifically for **NIFTY index options trading**.
It helps traders capture **high-probability directional moves** with **clear CE / PE signals**, controlled risk, and predefined targets.
---
## ⏱ Best Timeframe
* **Primary Timeframe:** ✅ **1 Hour (1H TF)**
* Do **not** use on lower timeframes for best accuracy
* Works best during **trending sessions**
---
## 📊 Instrument Best Suited
* **NIFTY Index**
* **NIFTY Weekly Options**
* Buy **CE** on BUY signal
* Buy **PE** on SELL signal
⚠️ Avoid Bank Nifty / Fin Nifty unless properly back-tested.
---
## 🟢 How to Trade (Simple Rules)
### ▶ BUY CE Signal
* When **BUY CE** label appears:
* Buy **ATM or slight ITM CE**
* Prefer same-week expiry
* Enter **after candle close** on 1H timeframe
### ▶ BUY PE Signal
* When **SELL PE** label appears:
* Buy **ATM or slight ITM PE**
* Prefer same-week expiry
* Enter **after candle close** on 1H timeframe
🚫 No over-trading: **Only one position per signal**
---
## 🎯 Target & Stop Loss (Strict Rule)
* **Target:** 🎯 **25% Option Premium**
* **Stop Loss:** ❌ **25% Option Premium**
* **Risk : Reward:** ⚖️ **1 : 1**
👉 When trade moves strongly in your favor, **manual trailing is recommended** (as shown on chart).
---
## 💰 Expected Returns on Nifty
* **Per Trade:**
* ~ **100 – 250 Nifty points equivalent move**
* Option premium typically gives **20–40% moves**
* **Accuracy:** High during **clear trends**
* Best results when market is **not sideways**
---
## 📅 Ideal Market Conditions
✅ Trending Market
✅ Expansion after consolidation
❌ Avoid very low-volatility / choppy sessions
---
## 🔔 Alerts
* Built-in alerts available for:
* **BUY CE**
* **BUY PE**
* Recommended to enable **Once Per Bar Close**
---
## 🧠 Important Notes
* This is **not a scalping tool**
* Designed for **positional intraday / short swing**
* Follow **discipline in SL & position sizing**
* Works best with **trend confirmation from price structure**
---
## ⚠️ Disclaimer
This indicator is for **educational and analytical purposes only**.
Options trading involves risk. Please trade responsibly.
نص برمجي مفتوح المصدر
بروح TradingView الحقيقية، قام مبتكر هذا النص البرمجي بجعله مفتوح المصدر، بحيث يمكن للمتداولين مراجعة وظائفه والتحقق منها. شكرا للمؤلف! بينما يمكنك استخدامه مجانًا، تذكر أن إعادة نشر الكود يخضع لقواعد الموقع الخاصة بنا.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
نص برمجي مفتوح المصدر
بروح TradingView الحقيقية، قام مبتكر هذا النص البرمجي بجعله مفتوح المصدر، بحيث يمكن للمتداولين مراجعة وظائفه والتحقق منها. شكرا للمؤلف! بينما يمكنك استخدامه مجانًا، تذكر أن إعادة نشر الكود يخضع لقواعد الموقع الخاصة بنا.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.