OPEN-SOURCE SCRIPT
Adjustable Monthly OpEx & Triple Witching - Spectre Trades
The Adjustable Monthly OpEx & Triple Witching indicator is designed to help traders quickly identify important equity-index expiration dates directly on their chart.
The indicator automatically marks the third Friday of each month, which is the traditional expiration date for many monthly stock and index options. It also separately identifies the quarterly expiration dates that occur in March, June, September, and December. These quarterly dates are commonly associated with triple witching and can involve increased trading volume, contract rollover activity, institutional rebalancing, option hedging, and sudden changes in volatility.
Rather than predicting market direction, this indicator provides visual context. Expiration sessions can produce price pinning near major option strikes, sharp reversals, compressed price action, stop runs, or late-session volatility. Traders should continue to rely on their normal market structure, liquidity, volume, and price-action confirmation before entering a trade.
The indicator is highly customizable. Users can independently adjust the appearance of regular monthly OpEx sessions and quarterly triple-witching sessions. Background colors, transparency, labels, label wording, text size, marker position, vertical lines, session highlighting, time zone, alerts, and individual month visibility can all be modified through the indicator settings.
For futures traders, the indicator uses the trading session’s closing date so that an overnight session beginning Thursday evening can still be associated with the correct Friday expiration date. This makes it especially useful for ES, MES, NQ, and MNQ charts.
The indicator is best used as a market-awareness tool. On expiration days, traders may consider reducing position size, waiting for stronger confirmation, avoiding assumptions about directional bias, and being more selective around major liquidity levels and round-number prices.
This indicator does not provide buy or sell signals and should not be used as a standalone trading system. It is intended to highlight dates when expiration-related positioning may influence normal price behavior.
The indicator automatically marks the third Friday of each month, which is the traditional expiration date for many monthly stock and index options. It also separately identifies the quarterly expiration dates that occur in March, June, September, and December. These quarterly dates are commonly associated with triple witching and can involve increased trading volume, contract rollover activity, institutional rebalancing, option hedging, and sudden changes in volatility.
Rather than predicting market direction, this indicator provides visual context. Expiration sessions can produce price pinning near major option strikes, sharp reversals, compressed price action, stop runs, or late-session volatility. Traders should continue to rely on their normal market structure, liquidity, volume, and price-action confirmation before entering a trade.
The indicator is highly customizable. Users can independently adjust the appearance of regular monthly OpEx sessions and quarterly triple-witching sessions. Background colors, transparency, labels, label wording, text size, marker position, vertical lines, session highlighting, time zone, alerts, and individual month visibility can all be modified through the indicator settings.
For futures traders, the indicator uses the trading session’s closing date so that an overnight session beginning Thursday evening can still be associated with the correct Friday expiration date. This makes it especially useful for ES, MES, NQ, and MNQ charts.
The indicator is best used as a market-awareness tool. On expiration days, traders may consider reducing position size, waiting for stronger confirmation, avoiding assumptions about directional bias, and being more selective around major liquidity levels and round-number prices.
This indicator does not provide buy or sell signals and should not be used as a standalone trading system. It is intended to highlight dates when expiration-related positioning may influence normal price behavior.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.