Line Strategy v6

Line Indicator for TradingView
This Pine Script indicator identifies the largest candles on both 5-minute and 1-hour timeframes within the last 240 five-minute bars. It provides visual markers and detailed information to help traders spot significant price movements.

Key Features
Dual Timeframe Analysis:

Identifies largest candle on 5-minute timeframe

Identifies largest candle on 1-hour timeframe (aggregated from 12 five-minute candles)

Visual Markers:

Blue label marks the highest-range 5-minute candle

Purple background highlights the highest-range hourly candle period

Information Table:

Shows price ranges for both timeframes

Displays precise timestamps for identified candles

Color-coded for quick reference

Progress Indicator:

Shows how many bars have been collected (out of 240 required)

How It Works
Data Collection:

Stores high, low, timestamp, and bar index of the last 240 five-minute candles

Automatically updates with each new bar

5-Minute Analysis:

Scans all 5-minute candles to find the one with the largest price range (high - low)

Marks this candle with a blue label showing its range

Hourly Analysis:

Groups 12 five-minute candles to form each hourly candle

Finds the hourly candle with the largest price range

Highlights the entire hour period with a purple background

Information Display:

Creates a table in the top-right corner showing:

Range values for both timeframes

Timestamps of identified candles

Time period of the largest hourly candle

Usage Instructions
Apply the indicator to any 5-minute chart

Wait for the indicator to collect 240 bars (about 20 trading hours)

Results will appear automatically:

Blue label on the largest 5-minute candle

Purple background on the largest hourly candle period

Information table with detailed metrics

Customization Options
You can easily adjust these aspects by modifying the code:

Colors of markers and table cells

Transparency levels of background highlights

Precision of range values displayed

Position of the information table

The indicator is optimized for performance and works in both historical and real-time modes.