Last Friday of MonthThis script marks the last Friday of the month in a daily chart because this is the day when BTC and ETH options expire according to Deribit.
I only found a script that highlights the 3rd Friday of the month, which is not what I wanted.
This script tries to figure out the correct number of days per month but is not aware of holidays which might displace the expiry date.
Expiry
Nifty Expiry Day Vikas DhariwalStrategy for Expiry day plan
Here you can find easy expiry day of nifty and bank nifty
mark Thursday with color to find that day for test any expiry strategy plan
thanks call for more updated 8287335651
Confidence IntervalsThis indicator allows you to be able to see the confidence intervals for whatever asset you are trading given a certain expiry. Confidence intervals project the most probable price ranges over a certain period of time in the future.
In order to use this you must first specify what expiry you want to use in days, so if you want to project the confidence interval 1 day out you would input 1, if you want 1 year out you'd input 252 (the number of trading days in 1 year), if you want 12hrs out you'd input 0.5.
Next you must specify what timeframe you are using on your chart in minutes, so if you're using 5 min chart you'd input 5, if you're using 4hr you'd input 240, if you're using daily charts you'd use 1440.
Finally you must input what standard deviation you want to use for the confidence range.
Confidence levels are really helpful in trading, especially for options, because it allows you to be able to choose a more strategic expiry based on probabilities. In other types of trading such as stocks, futures, and FX confidence levels can be helpful in helping you better plan out your trade by figuring out where price probably will and will not go given a certain period of time in the future. Additionally, confidence levels allow you to be able to visualize volatility expansion and contraction.
Standard Deviation Probabilities:
0.5 STD has a 99% of touching the bounds of the interval and a 50% chance of closing beyond the bounds (these probabilities are not predicated on a certain direction, if you pick a certain direction divide these probabilities by 2)
1 STD has a 64% of touching the bounds of the interval and a ~30-32% chance of closing beyond the bounds (these probabilities are not predicated on a certain direction, if you pick a certain direction divide these probabilities by 2)
1.6 STD has a ~40% of touching the bounds of the interval and a ~20% chance of closing beyond the bounds (these probabilities are not predicated on a certain direction, if you pick a certain direction divide these probabilities by 2)
2 STD has a ~10% of touching the bounds of the interval and a ~5% chance of closing beyond the bounds (these probabilities are not predicated on a certain direction, if you pick a certain direction divide these probabilities by 2)
3 STD has a <2% of touching the bounds of the interval and a <1% chance of closing beyond the bounds (these probabilities are not predicated on a certain direction, if you pick a certain direction divide these probabilities by 2)
Bitcoin Futures Expiry/Settlement DatesVersion 0.9 beta:
- Takes heavy performance showing history expiry dates
UCS_Option ExpiryThis 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.
------------------------
UCS_3rd FridaySimple script to show you a way to find 3rd Fridays (Monthly Options Expiry)
If that friday is a holiday, then it doesn't generate a signal. Futures & Forex trader need not to worry. I will fix it for the stock traders as well. Time is all I need.
as usual Good Luck for those who believe in it. Practice for those who believe in hard work. Think for those who believe in smart work. ;)
UCS_FridaysA simple script to show the Fridays (Weekly Option Expiry), of course this is a basic script we can make a few more improvement.
One of many ways to utilize the "dayofweek" variable.
Currently there are no options to draw a vertical line, you can do a background color for the candle.
Future plans - Include monthly option expiry.
