*Currently displays March and June for the following exchanges: Bitmex, Binance, Deribit, Okex, and FTX
Also displays Continuous Next Contract. All of the symbols are customizable.
Market-wide backwardation usually occurs during a heavy sell-off (such as a liquidation cascade).
**For getting alerts of backwardation events, I recommend creating an alert on the 1 minute chart with the condition "Any alert() function call". Alert level is customizable as well.
*NOTE!! : contracts expire (obviously), so the contract symbols will need to be updated periodically. I will try to keep them updated going into the future.
**NOTE2!! : The alert() function does not track the contract. This is to avoid false triggers.
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.