FuTech: Lock-in Ends - First ever unique Indicator in TradingView platform
Introducing the first-ever indicator on the TradingView platform to track the lock-in period expiry dates for IPOs. The FuTech Lock-in Ends Indicator is specifically designed to assist traders and investors in identifying the key dates when lock-in periods for IPO shares come to an end. This provides an edge in preparing for potential market movements driven by buying or selling pressures associated with significant share volumes.
Key Features of this FuTech : Lock-in Ends Indicator :
1. Tracks Multiple Lock-in Periods: - Identifies dates when the 30 days, 90 days, 6 months, and 18 months lock-in periods for IPO shares expire. - Helps traders anticipate potential market action driven by share releases on the specific dates.
2. IPO Lock-in Ends dates as per Compliance with SEBI Guidelines: SEBI (Securities and Exchange Board of India) mandates lock-in periods for IPO shares based on investor categories:
A) Promoters: a) Lock-in period reduced to 18 months for up to 20% of post-issue paid-up capital (previously 3 years). b) For shareholding exceeding 20%, the lock-in period is further reduced to 6 months (previously 1 year).
B) Anchor Investors: a) 50% of allotted shares: Lock-in period of 90 days from the date of allotment. b) Remaining 50% of shares: Lock-in period of 30 days from the date of allotment.
C) Non-promoters: a) Lock-in period reduced to 6 months (previously 1 year).
After these lock-in periods end, investors may buy / sell their shares, which can result in significant market activity.
3. Visual Indicators on Charts: - The indicator draws vertical lines on the TradingView chart at the respective lock-in expiry dates. - Alerts users in advance about potential market activity due to the release of locked shares. - Traders can use these alerts to prepare for positions or adjust their existing holdings accordingly.
4. Customizable Settings: - Users can modify the color of the labels and width of the lines to suit their preferences and enhance chart visibility.
Important Notes: a) IPO Shares Allotment Date Calculation: - The allotment date, being a pre-listing event, is not available in TradingView's database. - For accuracy, the indicator estimates the allotment date as three trading days prior to the listing date. - This approximation may deviate by one to two days from the actual event for certain IPOs.
b) Proactive Alerts: - Most dates are intentionally marked 1-2 days in advance to give traders sufficient time to act, whether for taking new positions or squaring off existing ones to avoid unfavorable losses.
The FuTech Lock-in Ends Indicator is a must-have tool for IPO traders and investors looking to stay ahead of market movements. Use it to track key Lock-in Period end dates after the listing of any shares and plan your trading strategy effectively with FuTech : Chart is Art.
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
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