Introduction - Purpose: This TradingView script is designed to help traders by automatically drawing period separators on the chart based on various timeframes. - Benefits: Enhances chart readability, provides better visualization of time periods, and supports multiple timeframe types.
Features 1. Timeframe Selection: - Auto Timeframe - Multiplier - Manual 2. Customization Options: - Separator color - Separator style - Separator width 3. Display Options: - Time period information box - Customizable size and position of the info box
Code Breakdown
1. Timeframe Type Selection - Options: Users can choose between "Auto Timeframe," "Multiplier," and "Manual." A multiplier can be set for the alternate resolution.
2. Resolution Calculation - Automatic, Multiplier, and Manual Resolution Calculation: The resolution is calculated based on the selected timeframe type.
3. Automatic Timeframe Function - Dynamic Timeframe Calculation: A function for automatically calculating the appropriate timeframe based on the current chart resolution.
4. Drawing the Separators - Drawing Separators on the Chart: Separators are drawn based on the selected timeframe and the user's customization options.
5. Display of the Time Period - Information Box Settings: Users can enable the display of an information box showing the current timeframe. The size, position, and colors of the box can be customized.
- Displaying the Time Period in the Information Box: If enabled, the information box shows the current time period.
Usage 1. Loading the Script: Add the script to your TradingView chart. 2. Setting Timeframe Type: Choose from Auto, Multiplier, or Manual. 3. Customizing Separators: Adjust the color, style, and width of the separators to your preference. 4. Displaying the Time Period: Enable the information box to show the current timeframe.
Conclusion - Summary: This script provides a robust solution for traders who need clear visual separation of different time periods on their charts. - Customization: Flexible options allow you to tailor the appearance and functionality to suit your trading style.
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.
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.