What it does
Option Hunter is a NIFTY-focused trading indicator designed to identify potential trading opportunities directly on NIFTY CE and PE option charts. The indicator works with a two-chart setup, where traders use separate TradingView tabs for the CE and PE options, preferably selecting options around the ₹150 premium range.
Separate CE & PE chart tabs
Use two separate chart tabs — one for the NIFTY CE option and another for the NIFTY PE option — to monitor both sides of the market.
Premium Selection
For the intended setup, select NIFTY CE and PE options with a premium around ₹150, subject to market conditions and availability.
Stop-loss & trailing stop-loss
Every trade should follow a disciplined stop-loss approach. A trailing stop-loss can be used to protect profits while allowing the trade to continue when the market makes a favorable move.
Condition-based alerts
Alerts are triggered when the predefined trading conditions are satisfied, helping traders identify potential entry opportunities on the selected CE or PE chart.
How traders use it
- Use two separate chart tabs — one for a NIFTY CE option and another for a NIFTY PE option. The recommended setup is to select options around the ₹150 premium range, subject to market conditions and availability.