In India Weekly options expire on Thursday and that creates a different price action candle than the week timeframe. My previous script Weekly Options Expiry Candle has some limitations. This script overcame those limitations and added some features.
You can use this in any intraday time frame candle. It will show:
All expiry candle in box format
Expiry OHLC label
Pivot (Floor or Fibonacci) based on expiry OHLC data
Developing Expiry candle and Pivot
A table showing expiry range(high-low) and Expiry body abs(open-close) stats.
You can turn on or off any feature.
Please let me know if you found this script useful or have any questions or suggestions.
NSE will now have an F&O expiry on every day of the week except Monday, with effect from the week starting July 9. This includes Nifty Financial Services expiry on Tuesday, Nifty Midcap Select on Wednesday, Nifty 50 on Thursday and Nifty Bank on Friday. With this change, our script is now flexible enough to adopt any day. Select the expiry day and script should work accordingly.
Hi Tanayroy, Many thanks for the Great Indicator. One suggestion is that BANKNIFTY weekly expiry will be on every Wednesday, but last week expiry(Monthly Expiry) will be on last thursday of the month. so pivot calculations will differ for the monthly expiry. Kindly update. All other indices like NIFTY, FINNIFTY, etc working fine.
subrud
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After adding the script, nothing is displaying
tanayroy
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@subrud, Please use it in Intraday timeframe. Any timeframe less than 'D' will work.
aayushrrverma
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how to use it?
umakanth.umakanth786
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Dear Roy From July 14th weekly expiry candle will be from Monday to Friday and expiry will be on Fridays Grt work from your end Updation required feel; so
tanayroy
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@Umakanth.umakanth786, True, thinking to make it flexible enough to adopt all days.