This indicator tracks the quarterly/yearly settlement dates for the CME/CBOE/Bitmex Bitcoin futures.
Let's continue with some quick definitions:
A Futures Contract is a derivative product and is an agreement to buy or sell a commodity, currency or other instrument at a predetermined price at a specified time in the future. They are either physically settled or cash settled.
Cboe Futures Exchange, LLC (CFE) offered the very first Bitcoin futures products on December 10, 2017. This is one of the biggest milestones for bitcoin since it emerged in the wake of the 2008-09 financial crisis. Bitcoin futures are supposed to bring greater liquidity and efficient price discovery to the ecosystem.
CME Group's Bitcoin futures are cash-settled, based on the CME CF Bitcoin Reference Rate (BRR) which serves as a once-a-day reference rate of the U.S. dollar price of bitcoin.
Last Day of Trading is the last Friday of contract month. Trading in expiring futures terminates at 4:00 p.m. London time on Last Day of Trading.
We can select up to 3 futures:
The indicator colors the open/settlement dates for all the selected futures.
Daveatt included a warning period based on a number of days. The point is to get alerted X days before a future settlement will occur.
Pricing plans and indicator
The trading script is available on TradingView