Trend Rider mybullandbear

Overview
Rite Trend Rider is a trend-following overlay indicator designed specifically for option sellers. It combines trend strength filtering with a dynamic trailing line to generate non-repainting signals for selling calls (bearish trend) or puts (bullish trend) in strong trending conditions.
The indicator plots a colored trend line (green for uptrend, red for downtrend) and displays clear entry labels only when trend strength is confirmed.
Key Features

Dynamic trend line that trails price action
ADX-based filtering for strong trends only
Built-in cooldown to avoid frequent signals in choppy markets
Visual labels: "Sell Put" (blue upward label) for bullish trend entries, "Sell Call" (red downward label) for bearish trend entries
Customizable inputs for fine-tuning

How to Use

Add the indicator to any chart (works best on intraday to daily timeframes for indices/stocks with options).
Wait for a "Sell Put" label → Indicates strong bullish trend: Consider selling out-of-the-money Put options (theta decay strategy).
Wait for a "Sell Call" label → Indicates strong bearish trend: Consider selling out-of-the-money Call options (theta decay strategy).
Signals appear only in confirmed strong trends and respect a cooldown period (default 5 bars) to reduce noise.
The trend line color confirms overall direction: Green = Bullish bias, Red = Bearish bias.

Inputs

Multiplier: Adjusts sensitivity of the trailing calculation (default: 1.0).
Common Period: Base period for calculations (default: 14).
ADX Threshold: Minimum trend strength required for signals (default: 25).
Signal Cooldown (bars): Minimum bars between signals (default: 5).
Show Entry Signals?: Toggle labels on/off.
Change calculation (no volume data)?: Alternative mode if volume/MFI is unavailable.

Note
This is for educational purposes only and not financial advice. Always manage risk, use appropriate position sizing, and combine with your own analysis. Best used in trending markets; avoid during low-volatility/range-bound periods.