Option Trend for Nifty & Bank Nifty (Indian Market)

This is an advanced multi-system trading indicator for TradingView, offering a comprehensive suite of tools for technical analysis and trading decision support[search_files_v2:1].

Main Features
Trendline Detection: Identifies bullish and bearish trendlines automatically using swing highs and lows, with optional labeling of key price structure (Higher Highs, Lower Lows, etc.) and customizable line colors and styles.

Signal & Trend Systems: Includes both a crossover signal system (for buy/sell entries) and a multi-period trend-following system, which uses enhanced moving averages and dynamic trailing levels to adapt to different market conditions.

Supply & Demand Zones: Automatically detects and marks potential supply and demand zones based on pivot structures and ATR buffers, helping spot logical areas for price reaction or reversal.

Support & Resistance: Plots periodic support/resistance and macro (long-term) levels, with user-defined periods and the ability to visualize volume delta for each zone.

Theil-Sen Estimator: Optionally adds a statistical regression channel using the robust Theil-Sen method to identify trend direction and breaks for long-term analysis.

RSI/KDE Analysis: Implements relative strength index (RSI) analysis with kernel density estimation (KDE) to detect pivot points with probability labeling and color-coded signals for high-confidence reversals.

Dashboards & Alerts: Provides multitimeframe dashboards summarizing trend, EMA signals, and momentum across up to five timeframes, plus integrated alerting for all major events (entries, exits, zone breaks, etc.).

Customization & Usability
Extensive input settings for periods, color themes, line widths, and label visibility.

Can display visual cloud bands, trend ribbons, and supply/demand boxes as overlays on price charts for enhanced clarity.

Open-source and for educational use under permissive licensing, not affiliated with TradingView.

This indicator is designed to deliver a full-featured market map, combining price action, trend, support/resistance, and probabilistic signals for discretionary or semi-automated trading.