CGM - Options Trial [Basic] - by ChartGptMarathi

CGM - Options Premium Trial [Basic] - by ChartGptMarathi

Description:

The CGM - Options Premium Trial is the introductory version of the advanced CGM Sniper suite, designed specifically for Option Buyers who need clarity in a chaotic market.

This indicator allows you to plot and compare Call (CE) and Put (PE) option charts simultaneously on a single pane, providing a direct view of premium behavior without switching tabs. It includes essential trend-following tools to help you identify momentum shifts instantly.

Key Features:
Dual Charting: Visualizes both Call and Put option candles on one screen for real-time comparison.

Trend Confirmation: Includes a built-in 8 EMA to gauge short-term momentum.

Volume Analysis: Integrated VWAP (Volume Weighted Average Price) for institutional level tracking.

Spot Tracking: Monitors the underlying Spot symbol (e.g., NIFTY/BANKNIFTY) data for better context.

Visual Clarity: Clean, color-coded candles (Green/Red) with customizable widths and visibility toggles.

How to Use:
Add the indicator to your chart.

In the settings, select your Call (CE) and Put (PE) symbols (e.g., NIFTY24000CE, NIFTY24000PE).

Select the Spot Symbol (e.g., NSE:NIFTY) for underlying data reference.

Use the EMA and VWAP lines to determine trend direction. If the premium price is above both lines, the momentum is bullish for that option.

Disclaimer:
This indicator is for educational and analytical purposes only. It does not constitute financial advice. Trading options involves significant risk. Please perform your own due diligence before executing any trades.

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