OPEN-SOURCE SCRIPT
Strat Assistant Hour Flip
Strat Assistant Hour Flip
----------------------------
█ OVERVIEW
This script is intended to provide a vertical line indicator for the hourly "flips" to easily indicate when the hour turns. Ideally used in timeframes less than an hour.
Input
----------
----------------------------
█ OVERVIEW
This script is intended to provide a vertical line indicator for the hourly "flips" to easily indicate when the hour turns. Ideally used in timeframes less than an hour.
Input
----------
- Hour Color: the color of the line and the text for the hourly indicator
- Four Hour Color: the color of the line and the text for the four hour indicator
- Show Label Text?: an on/off (active/inactive) flag to display the text (new 30s/60s). I can't figure out how to get a label vertical, so sometimes it gets in the way.
Output
----------- Vertical Dotted Line Indicator: vertical lines that allow a user to quickly see when the hour flips
- Hour Flip Labels: quick visual labels with the same color as the lines that will display new 4h/60s/30s
Best Practices
---------- - Trading view may limit the number of lines drawn, so probably not best to be use in larger time frames (like days/month worth of data on the chart) for smaller intervals
- Best if used for intervals under 30 minutes
- Vertical Dotted Line Indicator: vertical lines that allow a user to quickly see when the hour flips
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.