Time Frame Color Classifier

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Time Frame Colour Classifier

A professional Pine Script indicator that provides instant visual identification of trading sessions through intelligent colour-coded backgrounds.

Key Features

📅 Daily Session Colours
- Monday: Green | Tuesday: Blue | Wednesday: Yellow | Thursday: Red | Friday: Purple

📊 Weekly Classification
- Week 1-5 : Colour-coded by week of the month using the same colour scheme

## How It Works

Intraday Charts (1min-4H) : Shows daily colours - every candle on Monday displays green background, Tuesday shows blue, etc.

Daily/Weekly Charts : Switches to weekly colours - all days in Week 1 show green, Week 2 shows blue, etc.

Professional Applications

✅ Multi-Timeframe Analysis : Seamlessly switch between timeframes whilst maintaining visual context
✅ Session Recognition : Instantly identify which trading day you're analysing
✅ Pattern Analysis : Spot recurring patterns on specific days of the week
✅ Strategy Development : Incorporate temporal factors into trading strategies
✅ Performance Attribution : Correlate results with specific trading sessions

Customisation Options

- Toggle daily/weekly colours on/off
- Fully customisable colour schemes
- Adjustable background transparency
- Optional day labels

Technical Details

- Pine Script v5for optimal performance
- Automatic timeframe detection - no manual configuration required
- Minimal resource usage - won't slow down your charts
- Works on all chart types and timeframes

Perfect For

- Day traders switching between multiple timeframes
- Swing traders analysing weekly patterns
- Algorithmic strategy development
- Multi-timeframe market analysis
- Trading education and research

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Developed by WYCKOFFNAWAF

Transform your chart analysis with visual timeframe clarity

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Phát hành các Ghi chú

UPDATE: Added horizontal opening lines feature! Now displays high and low lines from the opening candle of each timeframe period. Fully customisable with colour, style, and extension options. Lines auto-reset for new periods - brilliant for support and resistance analysis!

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Phát hành các Ghi chú

Refined EMA Crossovers: Smaller green/red dots now precisely mark bullish (EMA9 above EMA21) and bearish (EMA9 below EMA21) Exponential Moving Average crossovers.

Smart Opening Range Breakout Signals:

A tiny green triangle appears below the first candle breaking the opening high, if the close is above both EMAs.

A tiny red triangle appears above the first candle breaking the opening low, if the close is below both EMAs.

Optional Background Colour: Background colours are now off by default, toggleable in settings.