ucsgears

UCS_Option Expiry

This is an update to two indicators.

UCS_3rd Friday
UCS_Fridays

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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Remove from Favorite Scripts Add to Favorite Scripts
// 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)
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