OPEN-SOURCE SCRIPT

Piku 15m + 4H Range 12 am NY Candle

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This indicator automatically plots the first 15-minute and first 4-hour candle ranges of the day using true multi-timeframe data. The ranges are displayed as shaded boxes that extend throughout the trading day, helping traders visualize key liquidity zones.

The script also includes an EMA (default 21) for trend context.

Trade signals are generated when price breaks outside the 4H range and then re-enters it, indicating potential false breakouts and mean-reversion opportunities.

Features:

Automatic First 15m Range
Automatic First 4H Range
True MTF locking for accurate ranges
21 EMA trend reference
BUY / SELL signals on 4H range re-entry
Alert conditions for automated notifications

This tool is useful for intraday traders looking to trade liquidity grabs, fake breakouts, and range re-entries.

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