UCS_Option Expiry
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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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
// 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)