Hi all,

Was hoping to put together a useful indicator that highlights routine events / scheduled and expected volatility. I’ve made a start (very rough code below and ITF attached). So far I’ve included:

• NFP (first friday of evey month)
• Triple Witching (Third friday of every quarter’s last month)

Events can be checked or unchecked on and off. Could also include a showTime option which shows it just at the expected time but then wee need to take time zones into account. For 10.3 users could also make it write on the price graph?

Please feel free to contribute to this by adding your scheduled events and please post your updated versions here.

All the best,

M

Code:

// showTripleWitching = 1
// showNFP = 1

once countFridays = 0

firstDayOfMonth = (day = 1)
isFriday  = (dayOfWeek = 5)
firstWeek = (day < 8)

if firstDayOfMonth then
countFridays = 0
endif
if isFriday and (not isFriday[1]) then
countFridays = countFridays + 1
endif


// Non Farm Payrolls
nfpDay    = isFriday and firstWeek

// Triple Witching
isMarch = (Month = 3)
isJune = (Month = 6)
isSept = (Month = 9)
isDec  = (Month = 12)
tripleWitchingMonth = isMarch or isJune or isSept or isDec
thirdFriday = isFriday and countFridays = 3
tripleWitching = thirdFriday and tripleWitchingMonth

if not showNFP then
nfpDay = undefined
endif
if not showTripleWitching then
tripleWitching = undefined
endif

return nfpDay style(histogram) as "Non Farm Payrolls Day", tripleWitching style(histogram) as "Triple Witching Day"

scheduled-event-indicator.png Scheduled-Event-volatility.itf