ODTE Trades Layman Signals

This indicator is designed to simplify intraday options trading (0DTE / weeklies) by converting complex price-action logic into clear, easy-to-understand signals.

Instead of overwhelming traders with indicators, it performs all analysis in the background and displays only what matters:

BUY CALL / BUY PUT

Predefined Stop Loss (SL)

Two Take-Profit levels (TP1 & TP2)

Trade status and risk levels via a live status box

The goal is to help traders execute consistently without emotional decision-making.

✅ What This Indicator Does

✔ Identifies directional bias using Opening Range Breakout (ORB)
✔ Confirms structure using higher highs / lower lows
✔ Filters false breakouts using liquidity sweeps & retests
✔ Automatically plots:

Entry

Stop Loss (ATR-buffered)

TP1 (partial profit)

TP2 (runner target)

✔ Manages trades with:

Breakeven stop after TP1

Cooldown after stop loss

One trade at a time protection

✔ Displays everything clearly in a Status Box:

WAIT

BUY CALL

BUY PUT

IN TRADE

COOLDOWN

🎯 How to Use (Simple Rules)

Timeframe

Best used on 1-minute or 2-minute charts

Designed for intraday trading only

When “BUY CALL” Appears

Buy ATM or slightly ITM call option

Stop loss = Red SL line

TP1 = Take partial profits

TP2 = Let runner reach target

When “BUY PUT” Appears

Buy ATM or slightly ITM put option

Same SL / TP rules apply

When Status = WAIT or COOLDOWN

Do nothing

Avoid overtrading

⚙️ Key Features Explained
🟢 TP1 / TP2 Logic

TP1 = partial profit (risk reduction)

TP2 = trend continuation

After TP1, stop automatically moves to breakeven (optional)

🔴 Stop Loss

Based on market structure

Buffered with ATR to reduce stop-hunts

⏳ Cooldown

Prevents revenge trades after a stop loss

Helps maintain discipline

⚠️ Important Disclaimer (Required for Publishing)

This indicator does not guarantee profits.

It is not financial advice

It does not place trades automatically

All signals should be used with proper risk management

Options trading involves significant risk and may not be suitable for all traders

Always test on paper trading or small size before using real capital.

👤 Who This Is For

✔ Traders who want clear signals
✔ Options traders (0DTE / weeklies)
✔ Traders who prefer rule-based execution
✔ Users who want less clutter and more discipline

❌ Not intended for swing trading
❌ Not intended for automation or signal copying services

🧠 Philosophy Behind This Tool

The indicator follows a “less is more” approach:

Good trading is not about predicting — it’s about managing risk consistently.

This tool focuses on:

Structure

Risk control

Discipline

Execution clarity

📝 Recommended Settings (Default)

Timeframe: 2m

ATR Buffer: 0.30

TP1: 1R

TP2: 2R

Cooldown: 6 bars

Defaults are optimized for intraday use and can be adjusted per instrument.

This script will continue to be refined based on:

Market behavior

User feedback

Performance reviews

Script is overlay=true

No repainting claims

No performance guarantees

Clear disclaimer included (above)