OPEN-SOURCE SCRIPT

Timed Reversion Markers (Custom Session Alerts)

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This script plots vertical histogram markers at specific intraday time points defined by the user. It is designed for traders who follow time-based reversion or breakout setups tied to predictable market behavior at key clock times, such as institutional opening moves, midday reversals, or end-of-day volatility.

Unlike traditional price-action indicators, this tool focuses purely on time-based triggers, a technique often used in time cycle analysis, market internals, and volume-timing strategies.

The indicator includes eight fully customizable time inputs, allowing users to mark any intraday minute with precision using a decimal hour format (for example, 9.55 for 9:55 AM). Each input is automatically converted into hour and minute format, and a visual histogram marker is plotted once per day at that exact time.

Example use cases:

Mark institutional session opens (e.g., 9:30, 10:00, 15:30)

Time-based mean reversion or volatility windows

Backtest recurring time-based reactions

Highlight algorithmic spike zones

The vertical plots serve as non-intrusive, high-contrast visual markers for scalping setups, session analysis, and decision-making checkpoints. All markers are displayed at the top of the chart without interfering with price candles.

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