OPEN-SOURCE SCRIPT

NIFTY Confirmation-First Option Buying System

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pply it to the NIFTY underlying/index 5-minute chart, not directly to a random option premium chart. A BUY CE signal represents bullish confirmation; a BUY PE signal represents bearish confirmation.

The current strategy backtests the underlying movement, so its Strategy Tester P&L will not equal actual option P&L because option premium depends on strike, delta, IV, theta, and expiry.

The next version I would build for you should be more precise and include:

Breakout → mandatory retest → confirmation entry, 1R breakeven, 1.5R swing trailing, daily ₹2,000 loss lock, ₹3,000 daily profit lock, and webhook alerts containing CE/PE strike-selection instructions.

That version would match the personalized rules we created more closely

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