Straddle & Strangle Strategy + CPR & VWAP

Straddle & Strangle Strategy + CPR & VWAP
This script provides a comprehensive Straddle & Strangle Strategy with key technical levels, making it a powerful tool for options traders and intraday traders.

Key Features:
✅ Straddle & Strangle Levels – Dynamically plots ATM strike price along with configurable strangle levels.
✅ CPR (Central Pivot Range) – Daily pivot, BC, TC, support, and resistance levels are plotted separately for each day.
✅ Previous Day High/Low – Plots the previous day’s high and low for reference.
✅ VWAP & EMAs (20, 50, 200) – Helps traders identify trend direction and key moving averages.
✅ Buy & Sell Signals – Based on VWAP & EMA crossovers.
✅ Candle Coloring – Automatically changes candle colors based on trend (Green for bullish, Red for bearish).

This indicator is useful for intraday traders, options traders, and scalpers looking for precise entry and exit points.

📌 Customizable Inputs: Strike price, strangle distance, CPR enable/disable, EMA settings, and more.

Try it out and optimize your trading strategy! 🚀

#Straddle #Strangle #CPR #VWAP #OptionsTrading #Intraday #TradingView