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indicator("8PM–9PM Range Strategy (Midpoint as SL) + 4AM Candle", overlay=true, max_lines_count=500, max_labels_count=500, max_boxes_count=200)
//──────────────────────────────
// SETTINGS
//──────────────────────────────
tz = "Asia/Manila"
startHour = 20
endHour = 21
//──────────────────────────────
// TIME DETECTION
//──────────────────────────────
barHour = hour(time, tz)
barMin = minute(time, tz)
inSession = barHour >= startHour and barHour < endHour
sessionOpen = barHour == startHour and barMin == 0
sessionClose = barHour == endHour and barMin == 0
//──────────────────────────────
// TRACK RANGE DURING SESSION
//──────────────────────────────
var float sHigh = na
var float sLow = na
var int sStart = na
var int sEnd = na
var box sBox = na
if sessionOpen
sHigh := high
sLow := low
sStart := bar_index
sEnd := na
if inSession
sHigh := math.max(sHigh, high)
sLow := math.min(sLow, low)
if sessionClose and not na(sHigh)
sEnd := bar_index
//──────────────────────────────
// RANGE BOX
//──────────────────────────────
if not na(sBox)
box.delete(sBox)
sBox := box.new(
left = sStart,
right = sEnd,
top = sHigh,
bottom = sLow,
bgcolor = color.new(#000000, 85),
border_color = color.new(#000000, 0))
//──────────────────────────────
// CORE LEVELS
//──────────────────────────────
mid = (sHigh + sLow) / 2
// BUY setup
buyStop = sHigh
buySL = mid
buyTP = sHigh + (math.abs(sHigh - mid) * 2)
// SELL setup (mirror)
sellStop = sLow
sellSL = mid
sellTP = sLow - (math.abs(mid - sLow) * 2)
//──────────────────────────────
// DRAW RANGE LINES
//──────────────────────────────
line.new(sStart, sHigh, sEnd, sHigh, color=color.new(color.green, 0), style=line.style_dotted)
line.new(sStart, sLow, sEnd, sLow, color=color.new(color.red, 0), style=line.style_dotted)
line.new(sStart, mid, sEnd, mid, color=color.new(color.orange, 0), style=line.style_dotted)
//──────────────────────────────
// DRAW BUY SETUP
//──────────────────────────────
line.new(sEnd, buyStop, sEnd + 5, buyStop, color=color.new(color.lime, 0), width=2)
line.new(sEnd, buySL, sEnd + 5, buySL, color=color.new(color.orange, 0), width=2, style=line.style_dashed)
line.new(sEnd, buyTP, sEnd + 5, buyTP, color=color.new(color.lime, 0), width=2, style=line.style_dotted)
label.new(sEnd + 5, buyStop,text=str.format("BUY STOP\n{0}", str.tostring(buyStop, format.mintick)),style=label.style_label_left, color=color.new(color.lime, 0), textcolor=color.white, size=size.tiny)
label.new(sEnd + 5, buySL,text=str.format("SL (MID)\n{0}", str.tostring(buySL, format.mintick)), style=label.style_label_left, color=color.new(color.orange, 0), textcolor=color.white, size=size.tiny)
label.new(sEnd + 5, buyTP,text=str.format("BUY TP\n{0}", str.tostring(buyTP, format.mintick)),style=label.style_label_left, color=color.new(color.lime, 0), textcolor=color.white, size=size.tiny)
//──────────────────────────────
// DRAW SELL SETUP
//──────────────────────────────
line.new(sEnd, sellStop, sEnd + 5, sellStop, color=color.new(color.red, 0), width=2)
line.new(sEnd, sellSL, sEnd + 5, sellSL, color=color.new(color.orange, 0), width=2, style=line.style_dashed)
line.new(sEnd, sellTP, sEnd + 5, sellTP, color=color.new(color.red, 0), width=2, style=line.style_dotted)
label.new(sEnd + 5, sellStop, text=str.format("SELL STOP\n{0}", str.tostring(sellStop, format.mintick)), style=label.style_label_left, color=color.new(color.red, 0), textcolor=color.white, size=size.tiny)
label.new(sEnd + 5, sellSL,text=str.format("SL (MID)\n{0}", str.tostring(sellSL, format.mintick)), style=label.style_label_left, color=color.new(color.orange, 0), textcolor=color.white, size=size.tiny)
label.new(sEnd + 5, sellTP, text=str.format("SELL TP\n{0}", str.tostring(sellTP, format.mintick)), style=label.style_label_left, color=color.new(color.red, 0),textcolor=color.white, size=size.tiny)
//──────────────────────────────
// 4:00 AM CANDLE HIGHLIGHT
//──────────────────────────────
is4am = barHour == 4 and barMin == 0
var box box4am = na
if is4am
if not na(box4am)
box.delete(box4am)
box4am := box.new( left = bar_index, right = bar_index + 1, top = high, bottom = low, bgcolor = color.new(color.blue, 75), border_color = color.new(color.blue, 0))
label.new(bar_index, high, "4 AM", style=label.style_label_down, color=color.new(color.blue, 0),textcolor=color.white,size=size.tiny)
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