CM Time Based Vertical Lines — Indicator by ChrisMoody

custom indicator time

CM Time Based Lines

Requested by codetrader to Visually Show Day Change on Intra-Day Charts.

Custom Indicator: Ability To Plot Recurring Time Lines On Chart!

Example of Uses:
Plot Lines at Midnight to Show Daily Change.

Plot Lines at Opening of Different Sessions.

Plot Lines at Opening and Closing of Sessions.

Plot Lines Every 4 Hours (Forex) To See 4-Hour Price Action!

Ability to Change Times!

Ability to Plot Up To 6 Recurring Time Based Lines!

Plus Many Other Uses!

Ability To Turn On/Off Any of the 6 Customizable Lines in Inputs Tab!

Ability To Change Thickness of Lines to Cover Multiple Bars!

Coming Soon: www.ChrisMoodyTrading.com

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

//Created By ChrisMoody on 9-14-2014 To plot Background Highlights for Recurring Times
//Requested by codetrader
study(title="CM_TimeBased_Vertical Lines", shorttitle="CM_TimeBased_Lines",overlay=true)
//timeinrange(res, sess) => time(res, sess) != 0

def = input(false, title="For Stocks Adjust Custom Session to 0930 or Close of Previous Days bar to see Day Change")
def2 = input(false, title="For Hourly Bars Adjust Start & End Times to 1 hour, 4 hour bars adjust to 4 hours, 5 Min Bars to 5 Minutes etc.")
def3 = input(false, title="-------------------------------------------------------------------")
sessNum = input(1, title="Plot Vertical Line On Chart-Custom 1", minval=1, maxval=1)
sh = input(true, title="Show Custom 1?")
First = input('0000-0100', type=session, title="1 - Midnight (Day Change)")
sh2 = input(false, title="Show Custom 2?")
sessNum2 = input(2, title="Plot Vertical Line On Chart-Custom 2", minval=2, maxval=2)
Second = input('0300-0400', type=session, title="Custom 2")
sh3 = input(false, title="Show Custom 3?")
sessNum3 = input(3, title="Plot Vertical Line On Chart-Custom 3", minval=3, maxval=3)
Third = input('0800-0900', type=session, title="Custom 3")
sh4 = input(false, title="Show Custom 4?")
sessNum4 = input(4, title="Plot Vertical Line On Chart-Custom 4", minval=4, maxval=4)
Fourth = input('0930-1030', type=session, title="Custom 4")
sh5 = input(false, title="Show Custom 5?")
sessNum5 = input(5, title="Plot Vertical Line On Chart-Custom 5", minval=5, maxval=5)
Fifth = input('1500-1600', type=session, title="Custom 5")
sh6 = input(false, title="Show Custom 5?")
sessNum6 = input(6, title="Plot Vertical Line On Chart-Custom 6", minval=6, maxval=6)
Sixth = input('1700-1800', type=session, title="Custom 6")

//sessToUse = sessNum == 1 ? First : sessNum == 2 ? Second : sessNum == 3 ? Third : sessNum == 4 ? Fourth : sessNum == 5 ? Fifth : sessNum == 6 ? Sixth : '0000-0000'
sessToUse = sessNum == 1 ? First : '0000-0000'
sessToUse2 = sessNum2 == 2 ? Second : '0000-0000'
sessToUse3 = sessNum3 == 3 ? Third : '0000-0000'
sessToUse4 = sessNum4 == 4 ? Fourth : '0000-0000'
sessToUse5 = sessNum5 == 5 ? Fifth : '0000-0000'
sessToUse6 = sessNum6 == 6 ? Sixth : '0000-0000'

//Custom Session 1 Rules
bartimeSess = (sessNum == 0 ? time('D') : time('D', sessToUse))
bgPlot = (sessNum == 0 ? time(period) : time(period, sessToUse)) 
//Custom Session 2 Rules
bartimeSess2 = (sessNum2 == 0 ? time('D') : time('D', sessToUse2))
bgPlot2 = (sessNum2 == 0 ? time(period) : time(period, sessToUse2)) 
//Custom Session 3 Rules
bartimeSess3 = (sessNum3 == 0 ? time('D') : time('D', sessToUse3))
bgPlot3 = (sessNum3 == 0 ? time(period) : time(period, sessToUse3))
//Custom Session 4 Rules
bartimeSess4 = (sessNum4 == 0 ? time('D') : time('D', sessToUse4))
bgPlot4 = (sessNum4 == 0 ? time(period) : time(period, sessToUse4)) 
//Custom Session 5 Rules
bartimeSess5 = (sessNum5 == 0 ? time('D') : time('D', sessToUse5))
bgPlot5 = (sessNum5 == 0 ? time(period) : time(period, sessToUse5))
//Custom Session 6 Rules
bartimeSess6 = (sessNum6 == 0 ? time('D') : time('D', sessToUse6))
bgPlot6 = (sessNum6 == 0 ? time(period) : time(period, sessToUse6))

bgcolor(sh and bgPlot > 0 ? yellow : na, transp=40)
bgcolor(sh2 and bgPlot2 > 0 ? orange : na, transp=40)
bgcolor(sh3 and bgPlot3 > 0 ? aqua : na, transp=40)
bgcolor(sh4 and bgPlot4 > 0 ? fuchsia : na, transp=40)
bgcolor(sh5 and bgPlot5 > 0 ? maroon : na, transp=40)
bgcolor(sh6 and bgPlot6 > 0 ? lime : na, transp=40)

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