This indicator is useful for traders who want to visualize the start and end of the previous 4-hour candle. It can help identify key levels, such as support and resistance, or analyze price action around these times.
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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