A TradingView indicator that tracks and highlights upcoming expiry dates for major Indian derivative contracts, dynamically adjusting for weekends and holidays.
Explore complementary indicator rolesHow it works
The script uses built-in date and time functions to calculate the next expiry for each financial instrument. For weekly expiries, it identifies the next occurrence of the designated weekday, while for monthly expiries, it finds the last Thursday or Tuesday of the month.
Each calculated expiry date undergoes a holiday and weekend check to ensure accuracy. If an expiry falls on a holiday or weekend, the script automatically adjusts the date to the previous working day, providing traders with precise and reliable expiry information.
Why it may be useful
Tracking expiry dates is crucial for options and futures traders, as these dates can significantly impact market volatility and trading strategies. By providing a clear, dynamic view of upcoming expiries, the indicator helps traders anticipate potential market movements and plan their trades accordingly.
The script's ability to automatically adjust for holidays and weekends reduces the risk of missing important expiry dates, ensuring traders have accurate and up-to-date information for making informed trading decisions.
When to explore it
This indicator is most valuable for traders actively involved in the Indian derivatives market, particularly those trading options, futures, or expiry-based strategies. It is especially useful during periods of high market activity or when multiple instruments have overlapping expiry dates.
Traders can benefit from this tool when managing complex portfolios, planning entry and exit points, or preparing for potential increased volatility around expiry dates. It is particularly helpful for those trading NIFTY, BANKNIFTY, SENSEX, and other major Indian market indices.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
