High-Probability CPR Theta Engine
The Ultimate Option Selling Strategy.
CPR ThetaEdge isn’t just an indicator — it’s a complete system for option sellers who want a rule-based approach rooted in market structure and probability, efficient strike calculation that adapts to market conditions, and the ability to backtest and refine without coding or spreadsheets.
Successful option selling isn’t about taking every trade — it’s about taking the right trade at the right level with the right bias. CPR ThetaEdge combines market structure (via CPR), automated strike selection, win/loss feedback, and adjustable risk settings into a full trading assistant — not just a signal generator.
14-day money-back guarantee · Built-in hedge · NIFTY · BANKNIFTY · SENSEX · FINNIFTY
Core Strategy
CPR-Based Option Selling
At the heart of the engine: it dynamically evaluates the current bar’s open/close relative to Central Pivot Range from a higher timeframe — guiding you toward statistically higher-probability trades.
Sell Call
Price opens below CPR
Bearish Bias
Sell Put
Price opens above CPR
Bullish Bias
Iron Condor
Price opens within CPR
Neutral Bias
Higher-timeframe CPR (e.g., daily CPR on a 15-min chart) enhances signal reliability and filters out noise common on lower timeframes. This dynamic logic eliminates emotional guesswork by giving clear, actionable signals based on proven pivot theory.
Smart Strike Price Logic
Precision Driven by AI, Data Science & Pivot Theory
For traders seeking more control — or a more aggressive stance — the script supports manual offsets to fine-tune strike levels and Camarilla Pivots (R1/S1, R2/S2) for a nuanced view of price action. This versatility lets you fine-tune aggressiveness or stick to a conservative range — designing strategies that align with your unique risk appetite.
Key Features & Customization
A Full-Fledged Trading Assistant
Not just a signal tool — a tailored execution framework for professional option sellers.
CPR-Based Strategy Logic
Sell Call when price opens below CPR (bearish), Sell Put when above CPR (bullish), Iron Condor when inside CPR (neutral). Logic references higher-timeframe CPR (e.g., daily CPR on a 15-min chart) to filter noise and boost reliability.
Smart Strike Price Selection
AI, data science, and predefined logic drive precise strike selection. Manual offsets fine-tune levels; Camarilla Pivots (R1/S1, R2/S2) give nuanced views of price action — fitting conservative income traders and active intraday players alike.
Built-In Win/Loss Analytics
A visual performance table displays historical win/loss percentages for the current symbol and settings. Refine setups before risking capital — restrict the backtest range by date or apply across instruments like NIFTY, BANKNIFTY, FINNIFTY, SENSEX.
Extended CPR Projections
Project upcoming CPR levels and strike zones into the future — ideal for pre-market planning or setting up overnight option-selling trades.
Built-In Hedging Signals
Every signal is paired with a hedge. Spread-width control aligns with margin requirements; you should always use the hedge while running this script. Designed to protect capital, not just chase premium.
Full Customization
Choose Standard, Camarilla, or custom pivot systems. Adjust plot transparency, label size, line styles, alert frequency, and label display range. Toggle CPR levels, strike lines, and pivot types to keep your chart clean or fully loaded.
Built-In Analytics & Control
Trust the data-driven edge
A built-in win/loss percentage table shows historical performance for the current symbol and settings, giving instant insight based on your timeframe selection. Optional prior-day and prior-week high/low overlays add extra context.
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Live win/loss percentage table for the current symbol and timeframe
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Restrict backtests to specific date ranges
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Optional overlays of prior day’s or week’s highs and lows
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Smart labels for call selling, put selling, and Iron Condor setups
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Weekday filters to skip days like 0DTE expiry when desired
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Manual spread-width input for accurate trade and margin planning
Enhanced Customization
Not a black-box indicator
CPR ThetaEdge is designed for deep customization. It doesn’t just work for your strategy — it fits your workflow visually and functionally.
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Multiple pivot systems — Standard, Camarilla, or custom
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Adjustable plot transparency and label size
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Configurable line styles and alert frequency
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Label display range — e.g., latest bar only
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Trigger source: evaluate the open or close of the first candle in your timeframe
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Full plot controls to toggle every CPR level, strike line, and pivot type
Why Choose This Indicator
Not an Edge. A System.
Whether you sell options directionally or non-directionally, intraday or weekly positional — this script empowers you with the tools to trade methodically and profitably.
A rule-based approach rooted in market structure and probability
Efficient strike calculation that adapts to different market conditions
Backtest and refine without coding or spreadsheets
A clean, professional interface with highly customizable settings
Who Is This For
Built for Every Option Seller
Retail Traders
Seeking structure in their option-selling routine.
Advanced Option Sellers
Looking to optimize call, put, and iron condor entries.
Data-Driven Traders
Wanting to reduce emotional bias and trust the numbers.
Novice traders appreciate the straightforward signals (sell call, sell put, or condor) without manual CPR calculations. Seasoned traders value the deep customization and performance analytics. By automating pivot comparisons and strike selection, the indicator frees you to focus on risk management and execution.
Trader Reviews
What Traders Are Saying
"The CPR-based rule logic — Sell Call below CPR, Sell Put above CPR, Iron Condor inside CPR — gives my option-selling a clear and repeatable structure. The AI-driven smart strike selection with Camarilla R1/S1 and R2/S2 levels removes all guesswork from strike choice. The built-in win/loss analytics table showed me exactly which setups to avoid on NIFTY."
Marcus T.
"The extended CPR projections let me plan iron condor levels the night before. Every signal comes paired with a hedge and the spread-width control aligns perfectly with my margin requirements. I use this alongside the AI Adaptive Quant Toolkit — when the Toolkit confirms the same directional bias as CPR ThetaEdge, my option trades are much higher probability."
Priya S.
"The backtest date-range restriction let me isolate FINNIFTY expiry days specifically and fine-tune the confirmation count for that instrument. The weekday filter to skip certain 0DTE expiry sessions is a thoughtful feature. Non-repainting logic means the historical win/loss table reflects exactly what live trading would have produced."
Daniel R.
FAQ
Common Questions
What is the CPR ThetaEdge?
It’s a TradingView indicator built for high-probability option selling using Central Pivot Range (CPR) logic. It automatically identifies optimal setups to sell Calls, Puts, or Iron Condors based on CPR-relative price positioning — and pairs every signal with a hedge for capital protection.
Is this strategy suitable for index options like NIFTY or SENSEX?
Yes, it is optimized for index options due to: CPR’s high relevance in index movement, Iron Condor suitability for range-bound days, and customizable spread width and strike rounding compatible with Indian derivatives tick sizes.
Is there a hedging option built in?
Yes. This indicator always gives the signal with a hedge — you should always use the hedge while running this script. Spread width can be set manually to align with your margin and risk preferences.
Can I track multiple instruments using the same script?
Yes. You can apply the same script across NIFTY, SENSEX, RELIANCE, and other charts. Each instance auto-calculates its own CPR and strike logic and maintains instrument-specific strike rounding.
Can this indicator be used for both intraday and positional trading?
Yes. Custom timeframes let you apply the strategy to both intraday (e.g., 15-min on daily CPR) and weekly positional setups.
Is this suitable for beginner traders?
Yes. It simplifies decision-making with visual cues and rule-based logic, while allowing deeper customization for advanced users.
Can I test different date ranges or symbols?
Yes. Custom settings let you restrict the backtest range or apply the indicator to different instruments like NIFTY, BANKNIFTY, or FINNIFTY.
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