OPEN-SOURCE SCRIPT
RRS Separator 3
This Pine Script indicator, titled "RRS Separator 3", is designed to draw vertical lines on a chart to separate different time frames. Here's a breakdown of its main features:
1.Time Frame Separators: The script draws vertical lines to mark the beginning of 5-minute, 15-minute, 1-hour, and 4-hour intervals on intraday charts.
2.Customizable Appearance: Users can customize the appearance of each time frame's separator lines, including:
Visibility (show/hide)
Color
Line style (solid, dashed, or dotted)
Line width
3.Dynamic Line Drawing: The script calculates the positions for future time frame separators and draws them in advance, extending beyond the current bar.
4.Compatibility: It's designed to work on various intraday time frames, adjusting its behavior based on the chart's current time frame.
5.Efficient Line Management: The script uses arrays to manage the drawn lines, clearing old lines and redrawing them on each update to ensure accuracy and prevent clutter.
6.Time Calculations: It performs various time-related calculations to determine the correct positioning of lines for each time frame.
7.Conditional Drawing: Lines are only drawn if they meet certain conditions (e.g., the chart's time frame is smaller than the separator's time frame).
8.Performance Considerations: The script includes max_bars_back and max_lines_count parameters to manage memory usage and performance.
1.Time Frame Separators: The script draws vertical lines to mark the beginning of 5-minute, 15-minute, 1-hour, and 4-hour intervals on intraday charts.
2.Customizable Appearance: Users can customize the appearance of each time frame's separator lines, including:
Visibility (show/hide)
Color
Line style (solid, dashed, or dotted)
Line width
3.Dynamic Line Drawing: The script calculates the positions for future time frame separators and draws them in advance, extending beyond the current bar.
4.Compatibility: It's designed to work on various intraday time frames, adjusting its behavior based on the chart's current time frame.
5.Efficient Line Management: The script uses arrays to manage the drawn lines, clearing old lines and redrawing them on each update to ensure accuracy and prevent clutter.
6.Time Calculations: It performs various time-related calculations to determine the correct positioning of lines for each time frame.
7.Conditional Drawing: Lines are only drawn if they meet certain conditions (e.g., the chart's time frame is smaller than the separator's time frame).
8.Performance Considerations: The script includes max_bars_back and max_lines_count parameters to manage memory usage and performance.
Open-source script
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 publication is governed by House rules. You can favorite it to use it on a chart.
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Disclaimer
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