When people and especially investors and traders wake up, they will very likely check the crypto markets if they are invested. Thus higher volatility can be expected during this time. Also during the opening hours of the stock exchanges higher volatility can be expected.
For people who are checking their crypto portfolio on a daily base and be following the charts, this indicator highlights maybe the most important times of the day.
Wake up times are considered as 0700-0900. Stock Exchange hours are considered to be 0900-1000. The daylight saving times are automaticly considered.
Thanks to the community for supporting with so many free to use indicators :D I hope some of you will find it also really helpfull and thus very easy to use and understand.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.