OPEN-SOURCE SCRIPT
Trend Close 1/6 Highlight (Daily Reset)
Indicator Name: Trend Close 1/6 Highlight
Description:
This indicator highlights the first 6 bars of each trading day when the closing price is within the extreme 1/6 price range of that bar.
For a bearish bar (close < open) that closes in the lower 1/6 of its range (i.e., close ≤ low + (high-low)/6), a semi‑transparent light green rectangle is drawn from high to low, covering the entire price range of the bar.
For a bullish bar (close > open) that closes in the upper 1/6 of its range (i.e., close ≥ high – (high-low)/6), a semi‑transparent light pink rectangle is drawn from high to low.
Key features:
The count resets at the start of each new trading day (detected by a change in the day of the week).
Only the first 6 bars of the day are evaluated; no rectangles are drawn on later bars.
Rectangles are aligned precisely with the bar's time interval (time to time_close) using xloc.bar_time, so they do not extend into adjacent bars.
The background color transparency can be adjusted (default: 80/100).
No border is drawn (border_width = 0).
Use case:
Quickly spot bars where price closes extremely near the low (strong bearish momentum) or extremely near the high (strong bullish momentum) during the early part of the trading session.
Description:
This indicator highlights the first 6 bars of each trading day when the closing price is within the extreme 1/6 price range of that bar.
For a bearish bar (close < open) that closes in the lower 1/6 of its range (i.e., close ≤ low + (high-low)/6), a semi‑transparent light green rectangle is drawn from high to low, covering the entire price range of the bar.
For a bullish bar (close > open) that closes in the upper 1/6 of its range (i.e., close ≥ high – (high-low)/6), a semi‑transparent light pink rectangle is drawn from high to low.
Key features:
The count resets at the start of each new trading day (detected by a change in the day of the week).
Only the first 6 bars of the day are evaluated; no rectangles are drawn on later bars.
Rectangles are aligned precisely with the bar's time interval (time to time_close) using xloc.bar_time, so they do not extend into adjacent bars.
The background color transparency can be adjusted (default: 80/100).
No border is drawn (border_width = 0).
Use case:
Quickly spot bars where price closes extremely near the low (strong bearish momentum) or extremely near the high (strong bullish momentum) during the early part of the trading session.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.