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Buyers Paradise Indicator: OptionScalping

Himanshu AroraHimanshu Arora20 Oct 2026
Buyers Paradise Indicator: Option Scalping on a price chart

What it does

A regression-based option-buying engine for NSE/BSE/MCX option (CE/PE) charts. It helps simplify chart analysis and spot potential entry and exit zones with greater clarity. Works well on 10m TradingView charts only!

Delta & Theta Admissibility Gates

Every signal is checked against the contract's own live-measured delta (0.10–1.20) and decay-to-noise ratio (≤0.50) before it's allowed to fire, filtering out strikes too far OTM or bleeding too much theta to be worth the trade.

Dual-Timeframe Direction Confirmation

Requires the underlying's own 10-min and 30-min trend to agree with the option's side, stopping calls and puts from both signaling off premium noise at the same time.

Auto Underlying & Strike Detection

Parses the contract's own ticker to identify the index, stock, or commodity, the side, and the strike automatically across NSE, BSE, and MCX, with no manual symbol mapping required.

Live Strike Quality & Self-Clearing Levels

Every signal carries a composite Good/Moderate/Poor quality rating plus auto-drawn stop-loss and four target lines that remove themselves the moment SL is actually touched.

How traders use it

  • An indicator for Index options (NIFTY, BANKNIFTY, FINNIFTY, MIDCPNIFTY, SENSEX, BANKEX), NSE and BSE stock options, and MCX commodity options.
  • It measures a contract's own delta and theta decay against the underlying before a buy signal is allowed through, instead of reading premium momentum alone.
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