This indicator can help you confidently open and close options positions. Note that you should set stop a little below midline EMA . Risk reward for good signals is fairly consistent in profit. Most of the simulations I ran got between 1:2 and 1:4 profits. The losers usually can be avoided by making sure you are not in a choppy trading channel. Wait for EMAs to start separating and don't blindly follow every buy/sell.
3 wave EMA + Clouds: Defaults: EMA 8/32/64
Signals (off by default - turn on in settings): Buy Call/Sell Call (open/exit call positions) Buy Put/Sell Put (open/exit put positions)
Enter signals bullish: Close over Middle EMA AND Short EMA > Middle EMA > Long EMA
Exit signals bullish: Close under Middle EMA OR trend turns bearish (Short EMA < Middle EMA < Long EMA )
Enter signals bearish: Close under Middle EMA AND Short EMA < Middle EMA < Long EMA
Exit signals bearish: Close over Middle EMA OR Short EMA > Middle EMA > Long EMA