OPEN-SOURCE SCRIPT
Fourth Friday Future
Updated
There seems to be an options contract that comes due on the fourth Friday of every month, causing massive dips in the crypto market; this indicator colors your chart to tell you when this is going to happen.
Release Notes
Set short title to "F3".Release Notes
Simplify code by inlining color.Release Notes
It turns out the CME micro Bitcoin futures actually expire on the last Friday, not the fourth Friday. I've updated the script, but I haven't found a way to change the name (which doesn't make any sense).Release Notes
Correctly color right side of bar when it falls on the first of the month.Release Notes
Mark the Monday following the last Friday--the next regular business day and the date the next futures contract opens--as green.Release Notes
Adjust buy-back window to account for time zone: it happens at 7am UTC (and 10am UTC, and a bit 12am UTC, but 7am is the key moment).Release Notes
Update green window to include a fade for the day after the following Monday.Release Notes
Add a yellow bar for when CME launched the Bitcoin futures and do not render the red/green bars before that moment.Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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