NIFTY, SENSEX AND BANKNIFTY Options Expiry Marker

NSE Options Expiry Background Marker
Category: Date/Time Indicators
Timeframe: Daily
Markets: NSE (India) / Any Exchange

Description
Automatically highlights weekly and monthly options expiry days for NIFTY, BANKNIFTY, and SENSEX using color-coded background shading. Works across entire chart history with customizable transparency levels.

Key Features

✅ Background Highlighting - Non-intrusive color shading on expiry days
✅ Multi-Index Support - NIFTY, BANKNIFTY, and SENSEX simultaneously
✅ Weekly & Monthly Expiry - Different transparency levels for easy distinction
✅ Customizable Expiry Days - Set any weekday (Mon-Fri) as expiry day
✅ Adjustable Transparency - Separate controls for weekly and monthly expiries
✅ Full Historical Data - Works on all visible bars across years
✅ Smart Monthly Detection - Automatically identifies last occurrence in month
✅ Color Coded - Blue (NIFTY), Red (BANKNIFTY), Green (SENSEX)

Use Cases

Options trading strategy planning
Identify expiry day volatility patterns
Visual reference for monthly vs weekly cycles
Backtest strategies around expiry days
Track multiple index expiries on single chart

Technical Details

Uses India timezone (GMT+5:30) for accurate date calculations
Handles leap years automatically
Smart algorithm identifies last weekday occurrence per month
Works seamlessly on any chart timeframe (optimized for Daily)
No performance impact - simple background coloring

Skrip open-source

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

shreyasss

Pernyataan Penyangkalan

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Skrip open-source

shreyasss