OPEN-SOURCE SCRIPT

Weekday Colors with Time Highlighting by Nabojeet

203
This script is a Pine Script (version 6) indicator called "Weekday Colors with Time Highlighting" designed for TradingView charts. It has several key functions:

1. **Weekday Color Coding**:
- Assigns different background colors to each trading day (Monday through Friday)
- Allows users to customize the color for each day
- Includes toggles to enable/disable colors for specific days

2. **Time Range Highlighting**:
- Highlights a specific time period (e.g., 18:15-18:30) on every trading day
- Uses a custom color that can be adjusted by the user
- The time range is specified in HHMM-HHMM format

3. **High/Low Line Drawing**:
- Automatically identifies the highest high and lowest low points within the specified time range
- Draws horizontal lines at these levels when the time period ends
- Lines extend forward in time to serve as support/resistance references
- Users can customize the line color, width, and style (solid, dotted, or dashed)

The script is organized into logical sections with input parameters grouped by function (Weekday Colors, Weekday Display, Time Highlighting, and Horizontal Lines). Each section's inputs are customizable through the indicator settings panel.

This indicator would be particularly useful for traders who:
- Want visual distinction between different trading days
- Focus on specific time periods each day (like market opens, closes, or specific sessions)
- Use intraday support/resistance levels from key time periods
- Want to quickly identify session highs and lows

The implementation resets tracking variables at the beginning of each new time range and draws the lines once the time period ends, ensuring accurate high/low marking for each day's specified time window.

Author - Nabojeet

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.