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Indicator · Pine Script v4 · On the chart
Foreign Markets Timing
This indicator marks regional trading hours on the price chart by painting the background when the current bar falls inside a configured session.
GitHub stars11on the repository
Pine versionv4older, still runs
Lines of code27
Settings5inputs
LicenceMIT
Last update2 years ago11 Dec 2023
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
27 lines of Pine Script v4 from indicator/foreignMarkets.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © yesgoods
//@version=4
study(title="Foreign Markets Timing", shorttitle="FM Time", overlay=true)
euSession = input(title="EU session", type=input.session, defval="1230-1530")
ukSession = input(title="EU+UK session", type=input.session, defval="1530-2200")
shanghaiSession = input(title="Shanghai session", type=input.session, defval="0700-1230")
hongkongSession = input(title="Hong Kong session", type=input.session, defval="0645-1330")
jpySession = input(title="Japan/Nikkei session", type=input.session, defval="0530-1130")
// The BarInSession function returns true when
// the current bar is inside the session parameter
BarInSession(sess) => time(timeframe.period, sess) != 0
// Set the colour variables for the ranges
euColor = color.blue
ukColor = color.lime
shanghaiColor = color.red
jpyColor = color.white
// Determine the chart's background colour
chartColour = BarInSession(euSession) ? euColour : BarInSession(ukSession) ? ukColour : BarInSession(shanghaiSession) ? shanghaiColor : BarInSession(jpySession) ? jpyColor : na
// Set the background colour
bgcolor(color=chartColour, transp=80)
Overview
Foreign Markets Timing checks, in order, the EU, EU plus UK, Shanghai, and Japan or Nikkei sessions and applies a fixed colour for the first match, leaving the background unchanged otherwise. Users can change each session window, including Hong Kong, although the Hong Kong window is not used in the colour decision. It does not plot signals, entries, exits, or stops.
- Configurable EU, UK, Shanghai, Hong Kong and Japan sessions
- Background colour for the first matching session
- Session check with the chart timeframe
- Overlay drawn on the price chart
Details
Published by
hirawatt on GitHub
Code credit
yesgoods, as written in the script's header
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Sessions & time
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Topics
pinescriptpinescript-indicatorspinescript-strategiestradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| EU session | session | 1230-1530 | euSession |
| EU+UK session | session | 1530-2200 | ukSession |
| Shanghai session | session | 0700-1230 | shanghaiSession |
| Hong Kong session | session | 0645-1330 | hongkongSession |
| Japan/Nikkei session | session | 0530-1130 | jpySession |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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