Guru Dronacharya Option Pair Intelligence System

Guru Dronacharya – Option Pair Intelligence System
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🔹 Overview
Guru Dronacharya is an advanced intraday options trading indicator designed for index and stock options.
It intelligently analyses CALL–PUT option pairs, identifies premium compression zones, tracks institutional price interaction, and generates high-probability Buy Call / Buy Put signals with pre-defined option targets.
The system combines:
• Option pair behavior
• Volatility expansion
• Hedge & re-entry detection
⚠️ This indicator is only for options trading, not for spot or futures.
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🔹 How to Use (Step-by-Step)
Step 1: Select Underlying & Spot Price
• Choose the Index / Stock from the dropdown.
• Enter the spot price using the first 5-minute candle close.
• Price must be rounded according to strike interval (e.g. 26000 / 26050 / 26100).
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Step 2: Select Expiry
• Select expiry day, month, and year.
• The script automatically builds option symbols internally.
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Step 3: Identify Best CE–PE Pair
• A CE vs PE interaction table appears at the top.
• Cells marked with ✓✓ indicate strong price overlap / compression.
• The script automatically highlights the lowest premium matched pair.
• Use that CALL & PUT in the symbol selector below.
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Step 4: Observe Candle & Volatility Behavior
• CALL and PUT candles plot together in the same pane.
• Candle colors change based on volatility expansion (BBW).
• EMA (optional) helps confirm trend direction.
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Step 5: Trade Signals
🔵 Buy Call Signal
Triggered when:
• CALL price breaks above PUT resistance
• Previous candle confirms breakout
• Option structure supports bullish dominance
🔴 Buy Put Signal
Triggered when:
• PUT price breaks above CALL resistance
• Previous candle confirms breakout
• Option structure supports bearish dominance
Each signal plots:
• Entry label
• Momentum hint
• Multiple projected targets
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Step 6: Target & Hedge Management
• Targets auto-draw using option-specific Fibonacci expansion
• Hedge signal appears when price revisits risk zones
• Helps in re-entry or risk neutralization
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🔹 Key Features (Specific Review)
✅ Option Pair Intelligence
• CE–PE overlap detection
• Premium compression identification
• Lowest price matched pair auto-selection
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✅ Volatility-Aware Entries
• Bollinger Band Width expansion filter
• Prevents low-energy fake breakouts
• Adaptive candle coloring
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✅ Structured Buy Signals
• Buy Call / Buy Put based on option dominance
• Multi-set tracking (up to 4 per day)
• Each set independently monitored
• Targets auto-extend only for active trades
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✅ Hedge & Re-Entry Logic
• Detects retracement near option zones
• Ideal for straddle / strangle traders
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✅ Fully Configurable
• Auto / manual strike factor
• Optional EMA filter
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🔹 Best Suited For
✔ Intraday Index Option Traders
✔ Option Scalpers
✔ Hedge & Straddle Traders
✔ Experienced Price Action Traders
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⚠️ Disclaimer
This indicator is a decision-support tool, not financial advice.
Options trading involves substantial risk. Always trade with proper risk management.
This indicator is for educational and analytical purposes only.
The author is not responsible for any financial losses.
Please consult a licensed financial advisor before trading.