London Breakout by Edwin K

Purpose:
The strategy visualizes breakouts based on price action during the London session. It highlights the candles from 09:59 AM to 01:59 PM UTC+3 with different colors depending on whether the price is above or below the high/low from the 10 AM candle.

Key Parts:
Timestamps:

The code defines specific times for the 09:59 AM candle, 10:00 AM candle, and 01:59 PM UTC+3 times.

The timestamp('UTC+3', ...) function creates the timestamps for those moments.
High and Low of the 10 AM Candle:

The high and low of the 10 AM candle are captured and stored in the ten_am_high and ten_am_low variables.

Bullish and Bearish Conditions:

If the price breaks above (bullish_break) or below (bearish_break) the high or low of the 10 AM candle, respectively.

Bar Coloring:

If the conditions are met (price breaking above or below the 10 AM levels), the script colors the candles during the time frame (09:59 AM to 01:59 PM).
Green color is applied for bullish breakouts.
Red color is applied for bearish breakouts.