1st 4H Candle [ApexFX]

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Overview

This indicator identifies the very first 4-hour candle of the trading day and plots its high and low as horizontal lines. These levels are designed to act as key support and resistance for the rest of the 24-hour session.

The lines are calculated using 4-hour data but display on any timeframe, allowing you to see these key daily levels while trading on lower timeframes like the 15-minute or 5-minute chart. The lines extend for the first six 4-hour candles (24 hours) before stopping.

Features

Flexible Timezone: A simple dropdown menu to select your local timezone (e.g., "America/New_York", "Europe/London", "UTC") to ensure the candle is always correctly identified.

Asset Presets: Instantly set the correct start time for major asset classes:

Forex (23:00)

Indices (00:00)

Crypto (21:00)

Fully Custom: A "Custom" option lets you define any hour and minute for the start of your session, giving you full control for other assets like Gold or Oil.

Custom Colors: Change the color of the high and low lines from the settings menu.

How to Use

Add the indicator to your chart.

Open the indicator's "Settings".

In the "Your Timezone" dropdown, select the same timezone you use for your chart (e.g., "America/New_York").

In the "Asset Type Preset" dropdown, choose the asset you are trading (e.g., "Indices").

The indicator will wait for the first 4-hour candle (e.g., the 00:00 candle for Indices) to close, and then it will automatically draw the high and low lines.

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Version 5.1

Updated chart to show Indicator and the time it covers