OPEN-SOURCE SCRIPT

Income Engine - Daily Supertrend Covered Call Signals

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What This Indicator Does
1. Identifies the safest time to sell a 1-week covered call

The script uses the Daily Supertrend as a primary trend filter.
When the trend turns bearish or weak, the indicator highlights a Sell Zone, signaling a statistically safer window to sell a covered call.
Covered calls perform best when price is:
Sideways
Weak
Trending down
Not likely to surge upward
The Sell Zone captures exactly this behavior.
Green line=Let the stock run.
Red line=safe to sell calls without assignment. Gererate income while stock falters.

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