UCS_Option Expiry — Indicator by UDAY_C_Santhakumar

This is an update to two indicators.

The Blue Label would be the Weekly Options Expiry
The Orange Label would be the Monthly Options Expiry.

And you have a choice to pick.

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Uday C Santhakumar

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

// Update to Friday's Indicator

study("UCS_Option Expiry", overlay = true, precision = 0)

ew = input(true, title = "Weekly Expiry")
em = input(false, title = "Montly Expiry")

x = isdaily and dayofweek == 6
a = (dayofweek[1] == 5 and dayofweek == 2) or (dayofweek[1] == 5 and dayofweek == 3)

y = isdaily and dayofmonth < 22 and dayofmonth > 14

xoe = em == 1 and ((y and a) or (y and x)) ? 1 : 0
xwe = ew == 1 and (x or a) ? 2 : 0

icolor = xoe == 1 ? orange : xwe == 2 ? aqua : na 

expiry = xoe or xwe

plotshape(expiry, style = shape.labeldown, location = location.top, color = icolor, title = "Option Expiry", text = "Expiry" , textcolor = black)