PROTECTED SOURCE SCRIPT
NIFTY Spot vs Futures Divergence indicator
This indicator plots the spread (divergence) between NIFTY Futures (NIFTY1!) and the NIFTY spot index.
It highlights when futures are trading at a premium (green) or discount (red) relative to spot, with reference levels to gauge extremes.
Useful for tracking arbitrage opportunities, identifying market sentiment shifts, and spotting unusual futures–spot divergence.
It highlights when futures are trading at a premium (green) or discount (red) relative to spot, with reference levels to gauge extremes.
Useful for tracking arbitrage opportunities, identifying market sentiment shifts, and spotting unusual futures–spot divergence.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.