David_30-Minute Boxes

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This indicator draws boxes for 30-minute intervals on the chart, highlighting significant price movements. The boxes begin at 00:00 and end at 22:00. Each box is color-coded according to price action:

Green Box: The closing price at the end of the 30-minute period is above the opening price.
Red Box: The closing price at the end of the 30-minute period is below the opening price.
Dark Green Box: The closing price at the end of the box is higher than the high of the previous box.
Dark Red Box: The closing price at the end of the box is lower than the low of the previous box.
The boxes dynamically adjust within each 30-minute interval to reflect the high and low of the period. The border of each box is fully transparent for a clean and uncluttered visual display.

Optional Candle Numbering
In the indicator settings, you can enable or disable the numbering of individual candles within each box. The numbering restarts at 1 for each new box, helping to track the progression of individual 30-minute intervals.

Use Cases
This indicator is particularly useful for traders who want to analyze short-term movements and the dynamics within 30-minute intervals. The color-coding of the boxes provides quick visual insights into the strength of price action within a time interval, making it easier to spot momentum shifts or important support and resistance levels.

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Phát hành các Ghi chú

Accurate Open and Close Capture: The color logic has been updated to accurately capture the opening price of the first candle and the closing price of the tenth candle within each 30-minute box. This ensures more precise box coloring and reliable signaling.

Improved Outside Bar Color Logic: Box colors have been optimized. If the tenth candle's closing price exceeds the high or low of the previous box, the box color is darkened (darker green for higher, darker red for lower).

Enhanced Candle Numbering Display: The option to display candle numbering within each box is now configurable, providing a clearer overview.

This update improves the script's accuracy and user experience. Happy trading!

31 thg 10

Phát hành các Ghi chú

Accurate Open and Close Capture: The color logic has been updated to accurately capture the opening price of the first candle and the closing price of the tenth candle within each 30-minute box. This ensures more precise box coloring and reliable signaling.

Improved Outside Bar Color Logic: Box colors have been optimized. If the tenth candle's closing price exceeds the high or low of the previous box, the box color is darkened (darker green for higher, darker red for lower).

Enhanced Candle Numbering Display: The option to display candle numbering within each box is now configurable, providing a clearer overview.

This update improves the script's accuracy and user experience. Happy trading!

14 thg 11

Phát hành các Ghi chú

Changes in the Code:
openPrice and closePrice reassigned:
openPrice is now set to the opening price of the first candle at the start of the 30-minute interval.
closePrice is updated within the interval and represents the close price of the last candle when the interval ends.
Coloring Logic: The coloring logic now relies on openPrice and closePrice being correctly assigned at the start and end of the interval.
Try running this code and observe whether the box now appears green if the closing price is higher than the opening price.
And that the color logic was adjusted accordingly.