‘Specified time range candles’ indicator displays colored candles at a specified time interval (trading session) on the price chart.
Candles not falling within the specified range are displayed by the specified chart display type.
The indicator has three input parameters:
Start hour of the trading session
Session length – displayed trading session duration in hours
Chart mode – mode of displaying the chart not falling within a specified period
Bar chart
Candlesticks
Line chart
Fig. 1. Start hour of the trading session = 8, Session length = 5
Fig. 2. Start hour of the trading session = 0, Session length = 12
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