Introduction - Purpose: This TradingView script is designed to help traders by automatically drawing period separators on the chart based on various timeframes. - Benefits: Enhances chart readability, provides better visualization of time periods, and supports multiple timeframe types.
Features 1. Timeframe Selection: - Auto Timeframe - Multiplier - Manual 2. Customization Options: - Separator color - Separator style - Separator width 3. Display Options: - Time period information box - Customizable size and position of the info box
Code Breakdown
1. Timeframe Type Selection - Options: Users can choose between "Auto Timeframe," "Multiplier," and "Manual." A multiplier can be set for the alternate resolution.
2. Resolution Calculation - Automatic, Multiplier, and Manual Resolution Calculation: The resolution is calculated based on the selected timeframe type.
3. Automatic Timeframe Function - Dynamic Timeframe Calculation: A function for automatically calculating the appropriate timeframe based on the current chart resolution.
4. Drawing the Separators - Drawing Separators on the Chart: Separators are drawn based on the selected timeframe and the user's customization options.
5. Display of the Time Period - Information Box Settings: Users can enable the display of an information box showing the current timeframe. The size, position, and colors of the box can be customized.
- Displaying the Time Period in the Information Box: If enabled, the information box shows the current time period.
Usage 1. Loading the Script: Add the script to your TradingView chart. 2. Setting Timeframe Type: Choose from Auto, Multiplier, or Manual. 3. Customizing Separators: Adjust the color, style, and width of the separators to your preference. 4. Displaying the Time Period: Enable the information box to show the current timeframe.
Conclusion - Summary: This script provides a robust solution for traders who need clear visual separation of different time periods on their charts. - Customization: Flexible options allow you to tailor the appearance and functionality to suit your trading style.