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Here’s a rewritten description for your **Custom Time Frame OHLC Indicator** that complies with **TradingView's House Rules** and focuses on the core functionality of the indicator: drawing the **Open, High, Low, Close (OHLC)** for a custom time frame and providing alerts when the range is broken. The description is concise, clear, and adheres to TradingView's guidelines.
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### **Custom Time Frame OHLC Indicator with Range Break Alerts**
This indicator is designed to help traders identify key price levels by drawing the **Open, High, Low, and Close (OHLC)** for a **custom time frame**. It also provides **alerts** when the price breaks above the high or below the low of the defined range. This tool is ideal for traders who rely on specific time-based ranges for their trading strategies.
---
#### **Key Features**
1. **Custom Time Frame OHLC:**
- Draws the **Open, High, Low, and Close (OHLC)** levels for a user-defined time frame (e.g., 5AM, 9AM, or any custom time).
- The OHLC levels are displayed as horizontal lines on the chart, making it easy to visualize the range.
2. **Range Break Alerts:**
- Sends **alerts** when the price breaks above the high or below the low of the defined range.
- Alerts can be customized to notify traders via email, SMS, or TradingView's notification system.
3. **Flexible Time Frame:**
- Traders can set the **custom time frame** to match their preferred trading session or strategy (e.g., 5AM for the 5AM CR Model or any other time).
4. **Clean and Simple Visualization:**
- The OHLC levels are displayed as clear horizontal lines, ensuring the chart remains uncluttered and easy to interpret.
---
#### **How to Use the Indicator**
1. **Set the Custom Time Frame:**
- Input the desired time (e.g., 5:00 AM) in the indicator settings.
- The indicator will automatically draw the **Open, High, Low, and Close (OHLC)** levels for that specific time frame.
2. **Monitor the Range:**
- Use the OHLC levels as reference points for potential support, resistance, or breakout zones.
- The high and low of the range act as key levels for breakout or reversal strategies.
3. **Receive Alerts:**
- When the price breaks above the high or below the low of the range, the indicator will trigger an alert.
- Traders can use these alerts to take action based on their trading strategy.
---
#### **Customizable Parameters**
- **Custom Time:** Set the specific time for the OHLC levels (e.g., 5:00 AM, 9:00 AM, etc.).
- **Alert Settings:** Enable or disable alerts for range breaks (high or low).
- **Line Colors:** Customize the colors of the OHLC lines for better visualization.
---
#### **Why This Indicator is Useful**
- **Simplifies Range Identification:** Automatically draws the OHLC levels for any custom time frame, saving traders time and effort.
- **Alerts for Breakouts:** Provides real-time alerts when the price breaks the range, helping traders act quickly on potential trading opportunities.
- **Flexible and Customizable:** Works with any time frame and can be tailored to fit various trading strategies.
---
#### **Limitations**
- **Time-Sensitive:** The indicator is most useful when the custom time frame aligns with key market sessions or trading strategies.
- **No Predictive Power:** The indicator does not predict future price movements. It simply identifies the OHLC levels and alerts when the range is broken.
- **Manual Confirmation:** Traders should use additional analysis (e.g., trend, volume, or other indicators) to confirm trading decisions.
---
#### **Compliance with TradingView Rules**
- **English Title and Description:** The title and description are in English, with no all-caps or special characters.
- **Original and Useful:** The indicator is original and adds value to the TradingView community by simplifying the process of identifying OHLC levels and range breaks.
- **No Misleading Claims:** The description clearly states the indicator's purpose, limitations, and how it should be used.
- **No Lookahead Bias:** The script does not use `request.security()` with lookahead to access future data.
---
### **Example Chart Setup**
- **Clean Chart:** The indicator is published with a clean chart, showing the OHLC levels for the custom time frame (e.g., 5:00 AM).
- **Symbol/Timeframe:** The chart includes complete symbol and timeframe information for clarity.
---
### **Conclusion**
The **Custom Time Frame OHLC Indicator with Range Break Alerts** is a simple yet powerful tool for traders who rely on specific time-based ranges in their trading strategies. By automating the process of drawing OHLC levels and providing alerts for range breaks, this indicator helps traders stay informed and act quickly on potential trading opportunities.
---
This description is concise, compliant with TradingView's rules, and clearly explains the functionality and purpose of the indicator. It avoids making unrealistic claims and focuses on the practical use of the tool.
---
### **Custom Time Frame OHLC Indicator with Range Break Alerts**
This indicator is designed to help traders identify key price levels by drawing the **Open, High, Low, and Close (OHLC)** for a **custom time frame**. It also provides **alerts** when the price breaks above the high or below the low of the defined range. This tool is ideal for traders who rely on specific time-based ranges for their trading strategies.
---
#### **Key Features**
1. **Custom Time Frame OHLC:**
- Draws the **Open, High, Low, and Close (OHLC)** levels for a user-defined time frame (e.g., 5AM, 9AM, or any custom time).
- The OHLC levels are displayed as horizontal lines on the chart, making it easy to visualize the range.
2. **Range Break Alerts:**
- Sends **alerts** when the price breaks above the high or below the low of the defined range.
- Alerts can be customized to notify traders via email, SMS, or TradingView's notification system.
3. **Flexible Time Frame:**
- Traders can set the **custom time frame** to match their preferred trading session or strategy (e.g., 5AM for the 5AM CR Model or any other time).
4. **Clean and Simple Visualization:**
- The OHLC levels are displayed as clear horizontal lines, ensuring the chart remains uncluttered and easy to interpret.
---
#### **How to Use the Indicator**
1. **Set the Custom Time Frame:**
- Input the desired time (e.g., 5:00 AM) in the indicator settings.
- The indicator will automatically draw the **Open, High, Low, and Close (OHLC)** levels for that specific time frame.
2. **Monitor the Range:**
- Use the OHLC levels as reference points for potential support, resistance, or breakout zones.
- The high and low of the range act as key levels for breakout or reversal strategies.
3. **Receive Alerts:**
- When the price breaks above the high or below the low of the range, the indicator will trigger an alert.
- Traders can use these alerts to take action based on their trading strategy.
---
#### **Customizable Parameters**
- **Custom Time:** Set the specific time for the OHLC levels (e.g., 5:00 AM, 9:00 AM, etc.).
- **Alert Settings:** Enable or disable alerts for range breaks (high or low).
- **Line Colors:** Customize the colors of the OHLC lines for better visualization.
---
#### **Why This Indicator is Useful**
- **Simplifies Range Identification:** Automatically draws the OHLC levels for any custom time frame, saving traders time and effort.
- **Alerts for Breakouts:** Provides real-time alerts when the price breaks the range, helping traders act quickly on potential trading opportunities.
- **Flexible and Customizable:** Works with any time frame and can be tailored to fit various trading strategies.
---
#### **Limitations**
- **Time-Sensitive:** The indicator is most useful when the custom time frame aligns with key market sessions or trading strategies.
- **No Predictive Power:** The indicator does not predict future price movements. It simply identifies the OHLC levels and alerts when the range is broken.
- **Manual Confirmation:** Traders should use additional analysis (e.g., trend, volume, or other indicators) to confirm trading decisions.
---
#### **Compliance with TradingView Rules**
- **English Title and Description:** The title and description are in English, with no all-caps or special characters.
- **Original and Useful:** The indicator is original and adds value to the TradingView community by simplifying the process of identifying OHLC levels and range breaks.
- **No Misleading Claims:** The description clearly states the indicator's purpose, limitations, and how it should be used.
- **No Lookahead Bias:** The script does not use `request.security()` with lookahead to access future data.
---
### **Example Chart Setup**
- **Clean Chart:** The indicator is published with a clean chart, showing the OHLC levels for the custom time frame (e.g., 5:00 AM).
- **Symbol/Timeframe:** The chart includes complete symbol and timeframe information for clarity.
---
### **Conclusion**
The **Custom Time Frame OHLC Indicator with Range Break Alerts** is a simple yet powerful tool for traders who rely on specific time-based ranges in their trading strategies. By automating the process of drawing OHLC levels and providing alerts for range breaks, this indicator helps traders stay informed and act quickly on potential trading opportunities.
---
This description is concise, compliant with TradingView's rules, and clearly explains the functionality and purpose of the indicator. It avoids making unrealistic claims and focuses on the practical use of the tool.
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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.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
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.