NIFTY Expiry Week Box - Wed to Tue
This indicator visually highlights the complete NIFTY weekly expiry cycle by grouping candles from Wednesday to Tuesday inside a single transparent box.
Since NIFTY weekly expiry currently falls on Tuesday, each new expiry week begins on Wednesday and ends on the following Tuesday. The box automatically expands to cover the highest high and lowest low formed during that expiry week, making it easier to understand the complete weekly trading range at a glance.
The box uses a light, transparent background so that candlesticks, wicks, price action, and other indicators remain clearly visible.
The main purpose of this indicator is to help traders visually study expiry-week behavior, weekly ranges, breakouts, support and resistance zones, volatility expansion, and how price develops from the start of a new expiry cycle until expiry day.
Expiry Week Structure:
Wednesday → Thursday → Friday → Monday → Tuesday
Wednesday marks the beginning of the new expiry cycle, while Tuesday represents the expiry day.
This indicator is primarily designed for NIFTY charts and can be useful for intraday analysis, weekly range analysis, expiry-day studies, breakout strategies, and historical price-action research.
Since NIFTY weekly expiry currently falls on Tuesday, each new expiry week begins on Wednesday and ends on the following Tuesday. The box automatically expands to cover the highest high and lowest low formed during that expiry week, making it easier to understand the complete weekly trading range at a glance.
The box uses a light, transparent background so that candlesticks, wicks, price action, and other indicators remain clearly visible.
The main purpose of this indicator is to help traders visually study expiry-week behavior, weekly ranges, breakouts, support and resistance zones, volatility expansion, and how price develops from the start of a new expiry cycle until expiry day.
Expiry Week Structure:
Wednesday → Thursday → Friday → Monday → Tuesday
Wednesday marks the beginning of the new expiry cycle, while Tuesday represents the expiry day.
This indicator is primarily designed for NIFTY charts and can be useful for intraday analysis, weekly range analysis, expiry-day studies, breakout strategies, and historical price-action research.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.