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Fed Cuts (ZQ) - Clear Signal (0-100)Description: 0–100 “cuts signal” for how much markets expect the Fed to cut rates over the next ~12 months. Colors at a glance: 0–33 = Calm (blue) : little/no cuts priced. 33–66 = Watch (amber) : cuts meaningfully priced. 66–100 = Act (red) : substantial cuts priced / accelerating. Key cues to watch: Crosses up through 33 → “Watch”: prep reallocations; tighten risk; line up entries. Crosses up through 66 → “Act”: tilt toward cut-beneficiaries; be careful with rate-sensitive cyclicals. Falls back below 66: urgency cooling—scale back aggressive tilts. Falls back below 33: back to baseline—return to neutral playbook. Fast jumps (few days): rapid repricing—expect headline sensitivity. Best use: Pair with my Risk mood and Labor Softness indicator. Strong agreement = higher-conviction moves. Symbols (once): Near = ZQ1!; Far ≈ ZQ13! (or same month next year). Adjust smoothing if it looks jumpy.
Indicatore Pine Script®
di Skapez
Sniper NAS100 Swiss Knife IndicatorSniper Trading System – Master Indicator Description: “Trade with the precision of the market makers themselves.” The Sniper Trading System – Master Indicator is the crown jewel of institutional-level trading tools, engineered for those who demand perfect timing, deadly accuracy, and surgical execution in any market. Designed by a 3× ASCAP Award-winning, multi–funded prop firm trader, this system fuses algorithmic precision with battle-tested price action logic, delivering an unmatched trading edge across Forex, Futures, Indices, and Crypto. Core Features Dealer Range Mapping – Auto-detects the hidden accumulation/distribution zones that drive market direction. Multi-Standard Deviation Targets – Projected with gradient precision (+1 to +4 / -1 to -4) for scalps or swing holds. 12 AM Bias Candle Logic – Reveals the true daily directional bias before the herd even wakes up. Liquidity Sweep Detection – Spots equal highs/lows & engineered stop hunts before the main move. Kill Zone Time Windows – Pre-programmed with the London Session Sniper Hours & New York Precision Plays. Multi-Timeframe RSI Filter – Filters false signals & highlights exhaustion points for sniper entries. Dynamic Alerts – Fire real-time push, email, or webhook notifications for entry, exit, and confluence events. How It Works Identify Bias – Use the 12 AM candle + DXY/RSI overlays to confirm bullish or bearish control. Wait for Liquidity Sweep – Let the market makers hunt stops; your job is to wait. Execute at Kill Zones – Follow the preloaded precision entry times for God-tier sniper plays. Ride to Target Zones – Exit at projected standard deviation levels for mathematically consistent profits. Ideal For Day Traders looking for clean entries and exits.
Indicatore Pine Script®
di Master-Jedi-Trader
NTX STOCKS V.1الوصف بالعربي مؤشر NTX STOCKS V.1 مصمم خصيصًا لتداول الأسهم على مختلف الأسواق، ويعمل بكفاءة عالية على الفريمات الكبيرة: ساعة، 4 ساعات، ويومي. المؤشر مناسب للتداول في السوق السعودي و السوق الأمريكي، ويوفر إشارات دخول وخروج واضحة تساعد المتداول على اتخاذ قراراته بثقة. المميزات: • يعمل على فريم الساعة، 4 ساعات، واليومي. • إشارات بيع وشراء واضحة. • مناسب للأسواق السعودية والأمريكية. • سهل الاستخدام وملائم للمتداولين المبتدئين والمحترفين. ⸻ Description in English The NTX STOCKS V.1 indicator is designed specifically for stock trading across multiple markets, performing best on higher timeframes: 1 Hour, 4 Hours, and Daily. It is suitable for both the Saudi stock market and the U.S. stock market, providing clear buy and sell signals to help traders make confident decisions. Features: • Works on 1H, 4H, and Daily charts. • Clear buy/sell signals. • Suitable for Saudi and U.S. stock markets. • Easy to use for both beginners and professional traders. ⸻
Indicatore Pine Script®
di NTXCAPITAL
NTX CAPITAL SPX V.1الوصف بالعربي مؤشر NTX SPX Options مصمم خصيصًا لتداول عقود الأوبشن على SPX، ويعمل حصريًا على إطار زمني 15 دقيقة. 📌 مهم: يجب استخدام المؤشر على شارت S&P 500 (SP500) وليس شارت SPX. يوفر المؤشر إشارات CALL و PUT عالية الدقة، مع عرض أهداف الربح مباشرة على الشارت، مما يساعد المتداول على الدخول بثقة وإدارة الصفقة باحترافية. تم تطويره ليجمع بين الدقة والوضوح وسهولة الاستخدام، ليناسب جميع أنماط التداول على الـ SPX. المميزات: • يعمل على فريم الربع ساعة فقط. • إشارات دخول مباشرة (CALL / PUT). • تحديد الأهداف بدقة على الشارت. • مثالي لتداول عقود الأوبشن على SPX. ⸻ Description in English The NTX SPX Options indicator is specifically designed for trading SPX options, optimized for the 15-minute timeframe. 📌 Important: This indicator must be used on the S&P 500 (SP500) chart, not the SPX chart. It provides highly accurate CALL and PUT signals, along with clearly defined profit targets plotted directly on the chart, helping traders enter with confidence and manage trades professionally. Developed for precision, clarity, and ease of use, making it ideal for all SPX trading styles. Features: • Works exclusively on the 15-minute chart. • Instant entry signals (CALL / PUT). • Precise profit targets displayed on the chart. • Perfect for trading SPX options contracts. ⸻
Indicatore Pine Script®
di NTXCAPITAL
NTX OPTIONS V.1تمام، بحط لك وصف احترافي يليق بالعرض في TradingView، ويكون باللغتين العربي والإنجليزي. ⸻ الوصف بالعربي مؤشر NTX Options مصمم خصيصًا لتداول عقود الأوبشن على الأسهم، ويعمل على إطار زمني 15 دقيقة فقط. يقوم المؤشر بإعطاء إشارات CALL و PUT واضحة، مع تحديد أهداف الربح بدقة لمساعدة المتداول على إدارة صفقاته بثقة. تم تصميمه ليتناسب مع المتداولين المحترفين والهواة على حد سواء، مع التركيز على بساطة الاستخدام ووضوح الإشارات. المميزات: • يعمل على فريم الربع ساعة فقط. • إشارات دخول واضحة (CALL / PUT). • تحديد الأهداف مباشرة على الشارت. • مناسب لتداول الأوبشن على الشركات الأمريكية. ⸻ Description in English The NTX Options indicator is designed specifically for trading stock options, optimized for the 15-minute timeframe only. It provides clear CALL and PUT signals, along with precise profit targets to help traders manage their trades with confidence. Built for both professional and novice traders, with a focus on simplicity and clarity of signals. Features: • Works exclusively on the 15-minute chart. • Clear entry signals (CALL / PUT). • Automatically plots profit targets on the chart. • Ideal for trading stock options on U.S. companies. ⸻
Indicatore Pine Script®
di NTXCAPITAL
4
SCTI V30Description The SCTI V30 is an advanced multi-functional technical analysis indicator for TradingView that combines multiple analytical approaches into a single comprehensive tool. This indicator provides: Multiple Moving Average Types (EMA, SMA, PMA with various calculation methods) Customizable VWAP with standard deviation bands Sophisticated Divergence Detection across 12 different indicators Volume Profile Analysis with peak/trough detection Highly Configurable Display Options The indicator is designed to help traders identify trends, potential reversals, and key support/resistance levels across different timeframes. Features 1. Moving Average Systems EMA Section: 13 configurable EMA periods (8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, 2584) SMA Section: 13 configurable SMA periods (same as EMA) PMA Section: 11 customizable moving averages with multiple calculation methods: ALMA, EMA, RMA, SMA, SWMA, VWAP, VWMA, WMA Adjustable lengths from 12 to 1056 Customizable colors, widths, and fill options between MAs 2. VWAP Implementation Multiple anchor periods (Session, Week, Month, Quarter, Year, etc.) Standard deviation or percentage-based bands Option to hide on daily/weekly/monthly timeframes Customizable band multipliers (1.0, 2.0, 3.0) 3. Divergence Detection Detects regular and hidden divergences across 12 indicators: MACD, MACD Histogram, RSI, Stochastic, CCI, Momentum OBV, VW-MACD, Chaikin Money Flow, Money Flow Index Williams %R, and custom external indicators Customizable detection parameters: Pivot point period (1-50) Source (Close or High/Low) Divergence type (Regular, Hidden, or Both) Minimum number of divergences required (1-11) Maximum pivot points to check (1-20) Maximum bars to look back (30-200) 4. Volume Profile Analysis Configurable profile length (10-5000 bars) Value Area threshold (0-100%) Profile placement (Left or Right) Number of rows (30-130) Profile width adjustment Volume node detection: Peaks (with cluster option) Troughs (with cluster option) Highest/Lowest volume nodes Customizable colors for all elements Input Parameters The indicator is organized into 7 parameter groups: Basic Indicator Settings - Toggle visibility of main components EMA Settings - Configure 13 EMA periods and visibility SMA Settings - Configure 13 SMA periods and visibility PMA Settings - Advanced moving average configuration VWAP Settings - Volume-weighted average price configuration Divergence Settings - Comprehensive divergence detection options Volume Profile & Node Detection - Volume analysis configuration How to Use Trend Identification: Use the multiple moving averages to identify trend direction and strength. The Fibonacci-based periods (21, 34, 55, 89, 144, etc.) are particularly useful for this. Support/Resistance: The VWAP and volume profile components help identify key support/resistance levels. Divergence Trading: Look for divergences between price and the various indicators to spot potential reversal points. Volume Analysis: The volume profile shows where the most trading activity occurred, highlighting important price levels. Customization: Adjust the settings to match your trading style and timeframe. The indicator is highly configurable to suit different trading approaches. Alerts The indicator includes alert conditions for: Positive regular divergence detected Negative regular divergence detected Positive hidden divergence detected Negative hidden divergence detected Any positive divergence (regular or hidden) Any negative divergence (regular or hidden) Notes The indicator may be resource-intensive due to its comprehensive calculations, especially on lower timeframes with long lookback periods. Some features (like VWAP) can be hidden on higher timeframes to improve performance. The default settings are optimized for daily charts but can be adjusted for any timeframe. This powerful all-in-one indicator provides traders with a complete toolkit for technical analysis, combining trend-following, momentum, volume, and divergence techniques into a single, customizable solution.
Indicatore Pine Script®
di SurveyCorpsTrader
Market Sessions — FOREXSOM Editionding for chart screenshots and videos. Cleaner Interface: Organized settings into clear groups for a smoother user experience. Bug Fixes: Improved “Only Last…” logic for more stable plotting. Why I Use and Recommend It: Easily spot active trading sessions with visual clarity. Identify key institutional price levels in real time. Ideal for day traders, swing traders, and anyone applying Smart Money Concepts. Fully customizable colors and styles to fit any personal workflow.
Indicatore Pine Script®
di FOREXSOM
Trend Detection with Alerts and ConsolidationHere’s a simple script in English that detects a trend based on two moving averages (MAs) and shows the trend direction on the chart. I’ll write it in Pine Script (TradingView), since it’s a common language for trading indicators: How does it work? Green background — uptrend Red background — downtrend Gray background — consolidation (MAs are close to each other) Label with trend/consolidation description on the latest candle Alerts triggered when the fast MA crosses the slow MA (trend change) — you can set these alerts as notifications in TradingView.
Indicatore Pine Script®
di jezyk40370
Monthly Return Statistics 涨跌幅统计-老僧论金 Function Overview： This indicator calculates the price change percentage for any custom monthly period and plots the corresponding long-term moving average, helping traders quickly assess market performance and trend direction over different timeframes. It is suitable for gold, stocks, commodities, indices, and any asset with historical price data. 功能概述： 本指标用于统计任意月度周期的涨跌幅，并绘制对应的长期均线，帮助交易者快速判断市场在不同时间周期内的表现和趋势方向。 适合用于黄金、股票、大宗商品、指数等任何有价格历史的数据。 主要功能： 可自定义统计周期 用户可设置 涨跌幅计算周期（月），如 1M（单月）、3M（季度）、6M（半年）等。 可叠加长期均线 用户可设置 SMA周期（月），对涨跌幅进行平滑处理，观察长期趋势。 颜色直观 涨幅为绿色，跌幅为红色，SMA为蓝色，零轴为灰色。 使用建议： 短期交易者：用 1M 或 3M 周期观察市场情绪变化。 中长期投资者：结合 12M / 36M 周期的 SMA 判断大趋势。 历史回测：快速发现历史上的强势周期和弱势周期。 注意事项： 数据基于月度收盘与开盘，日内价差不在统计范围内。 SMA 越长，趋势越平滑，但响应越慢；SMA 越短，反应越快但波动更大。 适合和其它趋势判断工具（如均线系统、RSI、MACD）结合使用。
Indicatore Pine Script®
di Trader_ZENG
The Daily Bias Dashboard📜 Overview This indicator is a powerful statistical tool designed to provide traders with a probable Daily Bias based on historical price action. It is built upon the concepts of Quarterly Theory, which divides the 24-hour trading day into 4 distinct sessions to analyze market behavior. This tool analyzes how the market has behaved in the past to give you a statistical edge. It answers the question: "Based on the last X number of days, what is the most likely way the price will move during the Newyork AM & PM Sessions based on Asian & London Sessions?" ⚙️ How It Works The indicator divides the 24-hour day (based on the America/New_York timezone) into two 12-hour halves: First Half - 12 Hour Candle: The Accumulation/Manipulation or Asian/London Sessions (6 PM to 6 AM NY Time) This period covers the Asian session and the start of the London session. The indicator's only job here is to identify the highest high and lowest low of this 12-hour block, establishing the initial daily range. Second Half - 12 Hour Candle: The Distribution/Continuation or NY AM/PM Sessions (6 AM to 6 PM NY Time) This period covers the main London session and the full New York session. The indicator actively watches to see if, and in what order, the price breaks out of the range established in Session 1 (FIrst Half of the day). By tracking this behavior over hundreds of days, the indicator compiles statistics on four possible daily scenarios. 📊 The Four Scenarios & The Dashboard The indicator presents its findings in a clean, easy-to-read dashboard, calculating the historical probability of each of the following scenarios: ↓ Low, then ↑ High: The price first breaks the low of Session 1 (often a liquidity sweep or stop hunt) before reversing to break the high of Session 1. This suggests a "sweep and reverse" bullish day. ↑ High, then ↓ Low: The price first breaks the high of Session 1 before reversing to break the low of Session 1. This suggests a "sweep and reverse" bearish day. One-Sided Breakout: The price breaks only one of the boundaries (either the high or the low) and continues in that direction without taking the other side. This indicates a strong, trending day. No Breakout (Inside Bar): The price fails to break either the high or the low of Session 1, remaining contained within its range. This indicates a day of consolidation and low volatility. 🧠 How to Use This Indicator This is a confluence tool, not a standalone trading system. Its purpose is to help you frame a high-probability narrative for the trading day. Establish a Bias: Start checking the dashboard at 06:00 AM Newyork time, which is the start of next half day trading session. If one scenario has a significantly higher probability (e.g., "One-Sided Breakout" at 89%), you have a statistically-backed directional bias in the direction of Breakout. 🔧 Features & Settings Historical Days to Analyze: Set how many past days the indicator should use for its statistical analysis (default is 500). Session Timezone : The calculation is locked to America/New_York as it is central to the Quarterly Theory concept, but this setting ensures correct alignment. Dashboard Display: Fully customize the on-screen table, including its position and text size, or hide it completely. ⚠️ Important Notes For maximum accuracy, use this indicator on hourly (H1) or lower timeframes. The statistical probabilities are based on past performance and are not a guarantee of future results. This tool is designed to sharpen your analytical skills and provide a robust, data-driven framework for your daily trading decisions. Use it to build confidence in your directional bias and to better understand the rhythm of the market. Disclaimer: This indicator is for educational and informational purposes only and does not constitute financial advice. All trading involves risk.
Indicatore Pine Script®
di traderprimez
1
Expanded Reversal System (4 Pattern Types) Indicator + S/LOverview This is a comprehensive and fully customizable indicator designed to provide clear, reliable, and non-repainting signals for manual traders. Built on a robust 3-bar confirmation logic, this tool aims to eliminate the common errors and visual bugs found in simpler indicators, giving you a professional-grade tool for identifying high-probability reversals. The indicator not only provides entry signals but also plots the precise Stop Loss level for each setup, taking the guesswork out of your risk management. How to Trade with This Indicator 🎯 This indicator provides all the necessary information to plan and execute a trade. Here is the step-by-step process: Step 1: The Setup Circle First, wait for a Setup Signal (a blue or red circle) to appear on a candle. This is your "heads-up" that a potential trade is forming. This candle is the "Setup Candle." Step 2: The Trigger Arrow Next, wait for a Blue BUY Arrow (▲) or a Red SELL Arrow (▼) to appear. This is your confirmation and your signal to prepare to enter. Step 3: The Entry You enter the trade at the open of the candle the arrow appears on. This is the "Entry Candle." Step 4: The Stop Loss The indicator automatically plots a horizontal orange line on your chart at the same time as the Entry Arrow. This line represents your exact Stop Loss level. It is placed at the low (for buys) or high (for sells) of the candle marked with the Setup Circle. Step 5: The Take Profit (Risk/Reward) The Take Profit level must be calculated based on the strategy's Risk/Reward (R:R) ratio. Step 6: Early invalidation would be a signal in the opposite direction confirmed by an arrow to enter the trade, in that case close the trade and enter in the opposite direction, that's how the strategy has been tested with amazing results. But if you wish, you could use other confluence for better confirmation, such as volume or bollinger bands. Exchange assets do not work , you will ned to use the all time index for both the signal indicator and the strategy tester. Use the trade tool in TV for longs or shorts Then, apply the appropriate ratio: Long (Buy) Take Profit (1:6 R:R): Short (Sell) Take Profit (1:4 R:R): Fully Customizable Settings 🔧 This indicator gives you full control. In the settings (⚙️ icon), you can: Individually turn each of the four pattern types (Hammers, Engulfing, Piercing, Dark Cloud) ON or OFF. Adjust the specific rules for what qualifies as a Pin Bar (Hammer/Shooting Star). Change the color and shape of all signals (setup shapes, entry arrows, and the stop loss line). Disclaimer: This is a tool for manual trading and does not constitute financial advice. All trading involves risk, and past performance is not a guarantee of future results. Please use this indicator responsibly as part of a comprehensive trading plan.
Indicatore Pine Script®
di Punisher1on1
Session Shading (Asia, London, NY) — ESTThis indicator highlights the three major trading sessions — Asia, London, and New York — on your chart in Eastern Time. Each session is shaded a different color, with optional labels marking when each begins. It’s designed to help traders quickly see when global market centers are active, identify overlaps between sessions, and align entries or exits with periods of higher liquidity and volatility.
Indicatore Pine Script®
di Sherri_dawn2003
Smart Money Breakout ChannelsSmart Money Breakout Channels** is a TradingView indicator designed to identify key price zones where "smart money" (institutional traders) may be active, helping traders anticipate breakouts. Below is a detailed explanation based on available information: Overview Purpose: The indicator detects breakout zones called "Smart Money Breakout Channels" based on volatility-normalized price movements. It visualizes these as dynamic boxes with volume overlays to highlight potential accumulation or distribution ranges. Functionality: It tracks price breakouts (upward or downward) from these zones, providing traders with actionable signals for trend continuations or reversals. Key Concepts Volatility-Normalized Channels: The script calculates normalized price volatility using the standard deviation of price, mapped to a scale based on the highest and lowest prices over a lookback period. When volatility reaches a local low and flips upward, a channel (box) is drawn between the high and low prices of that zone. Breakout Detection**: A breakout occurs when the price moves beyond the channel’s boundaries, either with a strong candle close (configurable) or by touching the boundary. Volume Analysis: The indicator includes volume overlays within the channel, showing: Volume Delta: Difference between buying and selling volume. Up/Down Volume: Comparative buying vs. selling pressure. Gradient Gauge: A visual gauge displays real-time volume delta pressure, indicating whether buying or selling momentum is building. Smart Money Concept: Channels represent ranges where institutional traders may be accumulating or distributing positions, making breakouts from these zones significant for trend analysis Features Automatic Channel Detection: Identifies and draws breakout zones based on volatility pivots. Nested Channels: Option to display multiple simultaneous zones or a single clean zone. Volume Visualization: Offers three modes: raw volume, up/down volume, and delta. Dynamic Gauge: A gradient-filled gauge shows current volume delta pressure within the channel. Alerts: Configurable alerts for new channel creation, bullish breakouts, or bearish breakouts. Detailed Explanation of Smart Money Breakout Channels Smart Money Breakout Channels is a TradingView indicator designed to identify potential breakout zones in price action, leveraging volatility-normalized metrics and volume analysis to highlight areas where institutional or "smart money" activity may be occurring. Below is a comprehensive guide on how to use it effectively, including settings for different trading styles, common pitfalls, and illustrative examples.
Indicatore Pine Script®
di Aiforu
US FED inflation lens - CPI vs Core CPI YoY (FRED)Description: This chart overlays Headline CPI YoY and Core CPI YoY (both from FRED) on a single pane, showing the U.S. inflation trajectory in monthly % change. The script smooths the lines (optional) for trend clarity, adds 2% and 3% policy reference levels, and optionally shades the area between headline and core readings to highlight inflation mix shifts. It’s designed to be a macro trigger lens — giving traders an instant read on whether inflation is trending toward or away from central bank comfort zones. Visual Cues & Why They Matter 1) CPI & Core CPI Above 3% Why: Historically a pressure point for tighter Fed policy and higher rates — risk-off for bonds and possibly equities. Cue: Both lines above the orange dashed 3% line. 2) CPI & Core CPI Falling Toward 2% Why: Sign of inflation normalization; often coincides with dovish policy pivots, risk-on for equities. Cue: Both lines approaching the teal dotted 2% line from above. 3) Headline Above Core (Blue > Red) Why: Indicates energy/food price shocks are driving inflation — these are volatile and can reverse quickly. Cue: Blue area shading above red. 4) Core Above Headline (Red > Blue) Why: Suggests inflation is broad-based and sticky — harder for Fed to cut rates. Cue: Red shading above blue. 5) Crossovers Between Headline & Core Why: Often marks shifts in the inflation narrative (e.g., energy-driven to broad-based, or vice versa). Cue: Shading flips color. 6) Slope / Momentum Changes Why: Acceleration upward = inflation heating; acceleration downward = disinflation trend gaining strength. Cue: Smoothed lines bending sharply up or down.
Indicatore Pine Script®
di Skapez
Triple Pivot Fib Levels Multi-Timeframe# 📈 Triple Pivot Fibonacci Levels Multi-Timeframe ## 🎯 Description Advanced indicator that displays **three independent Fibonacci level sets** across different timeframes, enabling identification of **confluence zones** and key levels for multi-temporal trading strategies. ## ✨ Key Features - **🔵 Fibonacci 1**: Primary analysis (default: Daily) - **🟠 Fibonacci 2**: Intermediate analysis (default: 1H) - **🟢 Fibonacci 3**: Complementary analysis (default: 4H) ## 📊 Included Levels **Retracements**: 0%, 38.2%, 50%, 61.8%, 79%, 89%, 100% **Extensions**: 112%, 127%, 162% ## ⚙️ Features ✅ **Multi-timeframe**: Each Fibonacci uses pivots from different timeframes ✅ **Full customization**: Colors, line thickness, label positioning ✅ **Alert system**: Notifications when price touches levels ✅ **Invert Fibonacci**: For bullish or bearish trends ✅ **Countdown**: Timer for current candle close ✅ **Memory optimization**: Automatic deletion of previous elements ## 🎨 Customization Options - Colors and styles for each Fibonacci set - Label positioning (right/left/both) - Adjustable alert sensitivity - Configurable pivot timeframes ## 💡 Strategic Usage Perfect for identifying: - **Confluence zones** between different timeframes - **Multi-temporal support/resistance** levels - **Precise entry/exit points** - **Price targets** for take profits ## 🚀 Ideal For - Swing Trading - Multi-timeframe Day Trading - Advanced Technical Analysis - Fibonacci Confluence Strategies --- *Complete indicator for traders who want to harness the power of Fibonacci levels across multiple time dimensions.*
Indicatore Pine Script®
di alessia1973f
Mark 4H Candle SpanThis TradingView indicator, called "Mark 4H Candle Span", serves to **visually highlight alternating 4-hour time blocks** directly on the price chart.It does this by coloring the background of the chart for one 4-hour period and leaving the next 4-hour period uncolored, creating a pattern of vertical stripes.---### How It WorksThe code operates in two main steps:1. **Calculation of the 4-Hour Block**:The line `session_id = math.floor(time("1") / (1000 * 60 * 60 * 4))` calculates a unique identification (ID) number for each 4-hour block.* `time("1")`: Gets the current time (in milliseconds).* `(1000 * 60 * 60 * 4)`: Is the total number of milliseconds in 4 hours.* By dividing the time by the 4-hour interval and rounding down with `math.floor`, the script assigns the same `session_id` to all the candles within the same 4-hour block.2. **Background Coloring**:The line `bgcolor(session_id % 2 == 0 ? color.new(color.blue, 85) : na)` decides whether to color the background.
Indicatore Pine Script®
di trabajoseguro