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.
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## ⏱ Best Timeframe
* **Primary Timeframe:** ✅ **1 Hour (1H TF)**
* Do **not** use on lower timeframes for best accuracy
* Works best during **trending sessions**
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## 📊 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.
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## 🟢 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**
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## 🎯 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).
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## 💰 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**
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## 📅 Ideal Market Conditions
✅ Trending Market
✅ Expansion after consolidation
❌ Avoid very low-volatility / choppy sessions
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## 🔔 Alerts
* Built-in alerts available for:
* **BUY CE**
* **BUY PE**
* Recommended to enable **Once Per Bar Close**
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## 🧠 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**
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## ⚠️ Disclaimer
This indicator is for **educational and analytical purposes only**.
Options trading involves risk. Please trade responsibly.
Niftyintradaysetup
Nifty 50 5mint Strategy
The script defines a specific trading session based on user inputs. This session is specified by a time range (e.g., "1000-1510") and selected days of the week (e.g., Monday to Friday). This session definition is crucial for trading only during specific times.
Lookback and Breakout Conditions:
The script uses a lookback period and the highest high and lowest low values to determine potential breakout points. The lookback period is user-defined (default is 10 periods).
The script also uses Bollinger Bands (BB) to identify potential breakout conditions. Users can enable or disable BB crossover conditions. BB consists of an upper and lower band, with the basis.
Additionally, the script uses Dema (Double Exponential Moving Average) and VWAP (Volume Weighted Average Price) . Users can enable or disable this condition.
Buy and Sell Conditions:
Buy conditions are met when the close price exceeds the highest high within the specified lookback period, Bollinger Bands conditions are satisfied, Dema-VWAP conditions are met, and the script is within the defined trading session.
Sell conditions are met when the close price falls below the lowest low within the lookback period, Bollinger Bands conditions are satisfied, Dema-VWAP conditions are met, and the script is within the defined trading session.
When either condition is met, it triggers a "long" or "short" position entry.
Trailing Stop Loss (TSL):
Users can choose between fixed points ( SL by points ) or trailing stop (Profit Trail).
For fixed points, users specify the number of points for the stop loss. A fixed stop loss is set at a certain distance from the entry price if a position is opened.
For Profit Trail, users can enable or disable this feature. If enabled, the script uses a "trail factor" (lookback period) to determine when to adjust the stop loss.
If the price moves in the direction of the trade and reaches a certain level (determined by the trail factor), the stop loss is adjusted, trailing behind the price to lock in profits.
If the close price falls below a certain level (lowest low within the trail factor(lookback)), and a position is open, the "long" position is closed (strategy.close("long")).
If the close price exceeds a certain level (highest high within the specified trail factor(lookback)), and a position is open, the "short" position is closed (strategy.close("short")).
Positions are also closed if they are open outside of the defined trading session.
Background Color:
The script changes the background color of the chart to indicate buy (green) and sell (red) signals, making it visually clear when the strategy conditions are met.
In summary, this script implements a breakout trading strategy with various customizable conditions, including Bollinger Bands, Dema-VWAP crossovers, and session-specific rules. It also includes options for setting stop losses and trailing stop losses to manage risk and lock in profits. The "trail factor" helps adjust trailing stops dynamically based on recent price movements. Positions are closed under certain conditions to manage risk and ensure compliance with the defined trading session.
CE=Buy, CE_SL=stoploss_buy, tCsl=Trailing Stop_buy.
PE=sell, PE_SL= stoploss_sell, tpsl=Trailing Stop_sell.
Remember that trading involves inherent risks, and past performance is not indicative of future results. Exercise caution, manage risk diligently, and consider the advice of financial experts when using this script or any trading strategy.
