Comprehensive Time Chain Indicator - AYNET

15 Nov

Features and Enhancements
Dynamic Timeframe Handling:

The script monitors new intervals of a user-defined timeframe (e.g., daily, weekly, monthly).
Flexible interval selection allows skipping intermediate time periods (e.g., every 2 days).
Custom Marker Placement:

Markers can be placed at:
High, Low, or Close prices of the bar.
A custom offset above or below the close price.
Special Highlights:

Automatically detects the start of a week (Monday) and the start of a month.
Highlights these periods with a different marker color.
Connecting Lines:

Markers are connected with lines to visually link the events.
Line properties (color, width) are fully customizable.
Dynamic Labels:

Optional labels display the timestamp of the event, formatted as per user preferences (e.g., yyyy-MM-dd HH:mm).
How It Works:
Timeframe Event Detection:

The is_new_interval flag identifies when a new interval begins in the selected timeframe.
Special flags (is_new_week, is_new_month) detect key calendar periods.
Dynamic Marker Drawing:

Markers are drawn using label.new at the specified price levels.
Colors dynamically adjust based on the type of event (interval vs. special highlight).
Connecting Lines:

The script dynamically connects markers with line.new, creating a time chain.
Previous lines are updated for styling consistency.
Customization Options:
Timeframe (main_timeframe):

Adjust the timeframe for detecting new intervals, such as daily, weekly, or hourly.
Interval (interval):

Skip intermediate events (e.g., draw a marker every 2 days).
Visualization:

Enable or disable markers and labels independently.
Customize colors, line width, and marker positions.
Special Periods:

Highlight the start of a week or month with distinct markers.
Applications:
Event Tracking:

Highlight and connect key time intervals for easier analysis of patterns or trends.
Custom Time Chains:

Visualize periodic data, such as specific trading hours or cycles.
Market Session Analysis:

Highlight market opens, closes, or other critical time-based events.
Usage Instructions:
Copy and paste the code into the Pine Script editor on TradingView.
Adjust the input settings for your desired timeframe, visualization preferences, and special highlights.
Apply the script to a chart to see the time chain visualized.
This implementation provides robust functionality while remaining easy to customize. Let me know if further enhancements are required! 😊