This TradingView indicator is designed to visually highlight specific bars on a chart based on user-defined times. Here’s how it works:
Functionality:
User Inputs:
The indicator allows the user to input up to three specific times, each defined by an hour and minute pair. For example, users might choose 8:45, 10:30, and 14:15.
Time Matching:
The indicator calculates the current bar's time and compares it to the selected times. It adjusts the user-defined hours by adding 2 to account for the time difference (relevant if the chart's time zone differs from the user's local time zone).
Bar Highlighting:
If the current bar's time matches any of the selected times, the indicator highlights that bar with a yellow color, making it easy to spot specific time intervals directly on the chart.
Information Display:
The indicator also provides additional information on the chart:
It displays the current chart time (hour and minute) in blue text at the top of the chart.
It lists all the selected times (hour and minute) in green text slightly below the current time. This serves as a reference to remind the user of the specific times they are tracking.
Important Limitations:
Time Frame Compatibility:
This indicator is specifically designed to work correctly on time frames up to 15 minutes. If you use a higher time frame, such as 30 minutes or 1 hour, the highlighted times will not align correctly, and the input times will need to be manually adjusted to match the higher time frame.
Time Zone Consideration:
The indicator is designed with UK time in mind. If you're using a different time zone, you will need to adjust the input times accordingly. The 2-hour adjustment is tailored to UK time settings, so to adapt this indicator for other time zones or trading sessions, you may need to modify the time calculations.
Use Case:
This indicator is particularly useful for traders who want to monitor specific time-based events or patterns, such as market opens, key economic data releases, or other significant time-based events. By highlighting these specific bars, the indicator helps users quickly identify and react to important moments in the trading session, especially within the context of UK trading hours.