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Curvature Theta Spread- Intraday Hedged OptionSelling

Himanshu AroraHimanshu Arora20 Oct 2026
Curvature Theta Spread- Intraday Hedged Option Selling on a price chart

What it does

A NIFTY-focused intraday indicator designed to identify directional conditions for credit-spread trading using a multi-factor 5-minute signal engine.

Multi-Factor Signal Engine

Combines four technical conditions before generating a directional setup: Ichimoku-style Conversion/Base + 200 EMA + MACD Histogram

NIFTY Credit Spread Signals

Converts directional signals into defined option-selling structures

Intraday-Only Framework

The strategy operates during the defined session and uses a 15:10 hard exit, keeping the framework intraday rather than carrying positions overnight.

One Trade Per Day

Once a trade is entered, the system marks the day as traded and does not allow another entry until the next trading day.

How traders use it

  • ​The indicator is designed to be applied specifically to a 1-minute NIFTY chart. Its calculations and signals are generated using a 5-minute engine.