OPEN-SOURCE SCRIPT
Timing Lines
Small indicator to show third Friday of each month and triple witching events when monthly, weekly and quarterly contracts expire together.
There is also a period of max pain highlighted, when market makers try to balance options with equities before monthly option contracts expiry.
Fakeout marks events when market MAY be very turbulent
There is also a period of max pain highlighted, when market makers try to balance options with equities before monthly option contracts expiry.
Fakeout marks events when market MAY be very turbulent
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.