OPEN-SOURCE SCRIPT
Atualizado Trend Navigator - Bulls Eye - Options Trade
# GN-CE-PE State Engine
## Overview
GN-CE-PE State Engine is a market participation and synchronization tool designed to help traders assess directional conviction across multiple related instruments.
The indicator monitors the relationship between:
* Gift Nifty
* At-The-Money Call Options
* At-The-Money Put Options
and transforms their combined behavior into a set of actionable market states.
Rather than analyzing a single chart in isolation, the engine focuses on whether bullish or bearish participation is developing in a coordinated manner across the underlying market and its options.
---
## Market States
### Bull Trend
Indicates broad bullish participation and directional alignment across the monitored instruments.
---
### Bear Trend
Indicates broad bearish participation and directional alignment across the monitored instruments.
---
### Reset
Represents a pause, pullback, or temporary loss of momentum within an existing directional move.
This state can help traders identify periods where the market is rebalancing before a potential continuation.
---
### CE Ready
Highlights conditions where bullish participation is strengthening and directional alignment is improving.
---
### PE Ready
Highlights conditions where bearish participation is strengthening and directional alignment is improving.
---
## Dashboard
The built-in dashboard provides a real-time summary of:
* Market bias
* Participation strength
* Momentum state
* Directional alignment
* Confidence score
* Current market condition
This allows traders to quickly assess market structure without switching between multiple charts.
---
## Confidence Score
The confidence score reflects the degree of alignment between the monitored instruments.
Higher scores suggest stronger participation and greater directional agreement, while lower scores often indicate mixed conditions or transitional phases.
The score is intended as a contextual aid and should not be used as a standalone trading signal.
---
## Alerts
The indicator includes alert conditions for:
* CE Ready
* PE Ready
allowing traders to monitor potential opportunities without continuously watching the chart.
---
## Recommended Usage
GN-CE-PE State Engine is designed to complement the **Trend Navigator - BullsEye** indicator.
Suggested workflow:
### Step 1
Use **Trend Navigator - BullsEye** to determine the prevailing market structure and directional bias.
### Step 2
Use **GN-CE-PE State Engine** to evaluate whether participation across the underlying market and options is supporting that directional view.
### Step 3
Focus on opportunities where both indicators are aligned.
This combination helps traders distinguish between isolated price movements and moves that are supported by broader market participation.
---
## Notes
* Designed primarily for intraday market analysis.
* Option symbols should be updated to match the active trading series.
* Intended as an analytical and decision-support tool.
* Not financial advice.
## Disclaimer
This indicator is intended for educational and analytical purposes only. It is designed to assist traders in evaluating market participation, directional alignment, and market structure across the monitored instruments.
The indicator does not predict future price movements and should not be considered a recommendation to buy, sell, or hold any financial instrument. All trading decisions should be made using independent analysis, proper risk management, and personal judgment.
Past market behavior does not guarantee future results. Users are solely responsible for their trading decisions and any resulting gains or losses.
## Overview
GN-CE-PE State Engine is a market participation and synchronization tool designed to help traders assess directional conviction across multiple related instruments.
The indicator monitors the relationship between:
* Gift Nifty
* At-The-Money Call Options
* At-The-Money Put Options
and transforms their combined behavior into a set of actionable market states.
Rather than analyzing a single chart in isolation, the engine focuses on whether bullish or bearish participation is developing in a coordinated manner across the underlying market and its options.
---
## Market States
### Bull Trend
Indicates broad bullish participation and directional alignment across the monitored instruments.
---
### Bear Trend
Indicates broad bearish participation and directional alignment across the monitored instruments.
---
### Reset
Represents a pause, pullback, or temporary loss of momentum within an existing directional move.
This state can help traders identify periods where the market is rebalancing before a potential continuation.
---
### CE Ready
Highlights conditions where bullish participation is strengthening and directional alignment is improving.
---
### PE Ready
Highlights conditions where bearish participation is strengthening and directional alignment is improving.
---
## Dashboard
The built-in dashboard provides a real-time summary of:
* Market bias
* Participation strength
* Momentum state
* Directional alignment
* Confidence score
* Current market condition
This allows traders to quickly assess market structure without switching between multiple charts.
---
## Confidence Score
The confidence score reflects the degree of alignment between the monitored instruments.
Higher scores suggest stronger participation and greater directional agreement, while lower scores often indicate mixed conditions or transitional phases.
The score is intended as a contextual aid and should not be used as a standalone trading signal.
---
## Alerts
The indicator includes alert conditions for:
* CE Ready
* PE Ready
allowing traders to monitor potential opportunities without continuously watching the chart.
---
## Recommended Usage
GN-CE-PE State Engine is designed to complement the **Trend Navigator - BullsEye** indicator.
Suggested workflow:
### Step 1
Use **Trend Navigator - BullsEye** to determine the prevailing market structure and directional bias.
### Step 2
Use **GN-CE-PE State Engine** to evaluate whether participation across the underlying market and options is supporting that directional view.
### Step 3
Focus on opportunities where both indicators are aligned.
This combination helps traders distinguish between isolated price movements and moves that are supported by broader market participation.
---
## Notes
* Designed primarily for intraday market analysis.
* Option symbols should be updated to match the active trading series.
* Intended as an analytical and decision-support tool.
* Not financial advice.
## Disclaimer
This indicator is intended for educational and analytical purposes only. It is designed to assist traders in evaluating market participation, directional alignment, and market structure across the monitored instruments.
The indicator does not predict future price movements and should not be considered a recommendation to buy, sell, or hold any financial instrument. All trading decisions should be made using independent analysis, proper risk management, and personal judgment.
Past market behavior does not guarantee future results. Users are solely responsible for their trading decisions and any resulting gains or losses.
Notas de Lançamento
Some changesScript de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.