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.
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.
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.