OPEN-SOURCE SCRIPT
XAUUSD 4H Candle Close Vertical Lines + Labels (debug)

//version=5
indicator("XAUUSD 4H Candle Close Vertical Lines + Labels (debug)", overlay=true)
// Detect when a new 4H candle closes
new_4h_candle = ta.change(time("240"))
// Debug: show tiny shape when detection happens (remove later if not needed)
plotshape(new_4h_candle, title="4H close detected", style=shape.triangleup, location=location.belowbar, size=size.tiny)
// When a new 4H candle closes, draw a vertical dotted blue line and a label
if new_4h_candle
// vertical line at current bar_index
line.new(
x1=bar_index,
y1=na,
x2=bar_index,
y2=na,
xloc=xloc.bar_index,
extend=extend.both,
color=color.new(color.blue, 0),
style=line.style_dotted,
width=1)
// label at the low of the bar (adjust y if you want it elsewhere)
label.new(
x=bar_index,
y=low,
text="4H Close\n" + str.format("{0,time,HH:mm}", time),
xloc=xloc.bar_index,
style=label.style_label_down,
color=color.new(color.blue, 85),
textcolor=color.white,
size=size.tiny)
indicator("XAUUSD 4H Candle Close Vertical Lines + Labels (debug)", overlay=true)
// Detect when a new 4H candle closes
new_4h_candle = ta.change(time("240"))
// Debug: show tiny shape when detection happens (remove later if not needed)
plotshape(new_4h_candle, title="4H close detected", style=shape.triangleup, location=location.belowbar, size=size.tiny)
// When a new 4H candle closes, draw a vertical dotted blue line and a label
if new_4h_candle
// vertical line at current bar_index
line.new(
x1=bar_index,
y1=na,
x2=bar_index,
y2=na,
xloc=xloc.bar_index,
extend=extend.both,
color=color.new(color.blue, 0),
style=line.style_dotted,
width=1)
// label at the low of the bar (adjust y if you want it elsewhere)
label.new(
x=bar_index,
y=low,
text="4H Close\n" + str.format("{0,time,HH:mm}", time),
xloc=xloc.bar_index,
style=label.style_label_down,
color=color.new(color.blue, 85),
textcolor=color.white,
size=size.tiny)
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.