BETTERTRADES

DAX/FTSE Time Open & Close Lines


Title: "Danish Time Open & Close Lines".
Overlay: Set to true so the plotted lines will be shown on the main price chart.
Scale: Set to scale.none to avoid scaling the chart based on this script's output.
Inputs:

Two times are taken as input: openTime and closeTime (in the format of HH.MM, e.g., 9.0 represents 9:00 AM).
Colors for the opening and closing lines are also taken as inputs: openColor and closeColor.
Time Extraction:

Hours and minutes are separately extracted from the given openTime and closeTime.
For instance, if openTime is 9.30, then openHour will be 9 and openMinute will be 30.
Danish Time Adjustment:

Danish time can be either Central European Time (CET, UTC+1) or Central European Summer Time (CEST, UTC+2 during daylight saving time).
The script uses a simple method to determine whether daylight saving time is active: it checks if the current month is between March and October. If yes, it assumes CEST (UTC+2), otherwise CET (UTC+1).
The current hour is adjusted based on the above calculation to match the Danish time.
Checking Current Bar's Time:

Two conditions (isOpen and isClose) are defined to check whether the current bar on the chart corresponds to the input openTime or closeTime.
Plotting:

If the current bar matches the openTime, a green vertical line is plotted.
If it matches the closeTime, a red vertical line is plotted.
Summary: This script marks the opening and closing times of a market (like the Danish stock market) on a TradingView chart using vertical lines. The time inputs are adjusted for the Danish time zone (considering daylight saving time).
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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