This indicator plots recurring time-based price levels on the price chart using Wednesday South African Standard Time and midnight UTC plus two session data.
1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
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
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
WED & MIDNIGHT DST System (Alerts) calculates and draws the open, high, and low levels of the first five Wednesdays of each month with automatic Daylight Saving Time adjustment, along with midnight candle ranges. Visual markers highlight price wicks interacting with active levels, triggering push or email alerts with configurable cooldown intervals. Settings control line visibility, colors, widths, and alert delivery. It does not provide automated trade entries or exits.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Send Email
bool
true
sendEmail
Send Push
bool
true
sendPush
Cooldown (sec)
int
30
alertCooldown
Show Wednesday High/Low Lines
bool
true
showWednesdays
Show Wednesday Open Line
bool
true
showWednesdayOpen
Show 1st Wednesday
bool
true
showW1
hiC1
color
color.new(color.red, 0)
hiC1
loC1
color
color.new(color.blue, 0)
loC1
opC1
color
color.new(color.gray, 0)
opC1
Width
int
2
hiW1
Width
int
2
loW1
Width
int
2
opW1
Show all 40 settings
Setting
Type
Default
Variable
Show 2nd Wednesday
bool
true
showW2
hiC2
color
color.new(color.orange, 0)
hiC2
loC2
color
color.new(color.aqua, 0)
loC2
opC2
color
color.new(color.gray, 0)
opC2
Width
int
2
hiW2
Width
int
2
loW2
Width
int
2
opW2
Show 3rd Wednesday
bool
true
showW3
hiC3
color
color.new(color.green, 0)
hiC3
loC3
color
color.new(color.fuchsia, 0)
loC3
opC3
color
color.new(color.gray, 0)
opC3
Width
int
2
hiW3
Width
int
2
loW3
Width
int
2
opW3
Show 4th Wednesday
bool
true
showW4
hiC4
color
color.new(color.purple, 0)
hiC4
loC4
color
color.new(color.lime, 0)
loC4
opC4
color
color.new(color.gray, 0)
opC4
Width
int
2
hiW4
Width
int
2
loW4
Width
int
2
opW4
Show 5th Wednesday
bool
false
showW5
hiC5
color
color.new(color.gray, 0)
hiC5
loC5
color
color.new(color.black, 0)
loC5
opC5
color
color.new(color.gray, 0)
opC5
Width
int
2
hiW5
Width
int
2
loW5
Width
int
2
opW5
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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