OPEN-SOURCE SCRIPT
4-Hour Range Highlighter

The 4-Hour Range Highlighter is a powerful visual analysis tool designed for traders operating on lower timeframes (like 5m, 15m, or 1H). It overlays the critical price range of the 4-hour (4H) candlestick onto your chart, providing immediate context from a higher timeframe. This helps you align your intraday trades with the dominant higher-timeframe structure, identifying key support and resistance zones, breakouts, and market volatility at a glance.
Key Features:
Visual Range Overlay: Draws a semi-transparent colored background spanning the entire High and Low of each 4-hour period.
Trend-Based Coloring: Automatically colors the range based on the 4H candle's direction:
Green: Bullish 4H candle (Close > Open)
Red: Bearish 4H candle (Close < Open)
Blue: Neutral 4H candle (Close = Open)
Customizable High/Low Lines: Optional, subtle lines plot the exact high and low of the 4H bar, acting as dynamic support/resistance levels.
Fully Customizable: Easily change colors and toggle visual elements on/off in the settings to match your chart's theme.
How to Use It:
Identify Key Levels: The top and bottom of the shaded area represent significant intraday support and resistance. Watch for price reactions at these levels.
Trade in Context: Use the trend color to gauge sentiment. For example, look for buy opportunities near the low of a bullish (green) 4H range.
Spot Breakouts: A strong candle closing above the high or below the low of the current 4H range can signal a continuation or the start of a new strong move.
Gauge Volatility: A large shaded area indicates a high-volatility 4H period. A small area suggests consolidation or low volatility.
Settings:
Visual Settings: Toggle the background and choose colors for Bullish, Bearish, and Neutral ranges.
Line Settings: Toggle the high/low lines and customize their colors.
Note: This is a visual aid, not a standalone trading system. It provides context but does not generate buy/sell signals. Always use it in conjunction with your own analysis and risk management.
Perfect for Day Traders, Swing Traders, and anyone who needs higher-timeframe context on their chart!
How to Use / Instructions:
After adding the script to your chart, open the settings menu (click on the indicator's name and then the gear icon).
In the "Inputs" tab, you will find two groups: "Visual Settings" and "Line Settings".
In Visual Settings, you can:
Toggle Show 4H Range Background on/off.
Change the Bullish Color, Bearish Color, and Neutral Color for the transparent background.
In Line Settings, you can:
Toggle Show High/Low Lines on/off.
Change the line colors for each trend type.
Adjust the colors to your preference. The default settings use transparency for a clean look that doesn't clutter the chart.
Key Features:
Visual Range Overlay: Draws a semi-transparent colored background spanning the entire High and Low of each 4-hour period.
Trend-Based Coloring: Automatically colors the range based on the 4H candle's direction:
Green: Bullish 4H candle (Close > Open)
Red: Bearish 4H candle (Close < Open)
Blue: Neutral 4H candle (Close = Open)
Customizable High/Low Lines: Optional, subtle lines plot the exact high and low of the 4H bar, acting as dynamic support/resistance levels.
Fully Customizable: Easily change colors and toggle visual elements on/off in the settings to match your chart's theme.
How to Use It:
Identify Key Levels: The top and bottom of the shaded area represent significant intraday support and resistance. Watch for price reactions at these levels.
Trade in Context: Use the trend color to gauge sentiment. For example, look for buy opportunities near the low of a bullish (green) 4H range.
Spot Breakouts: A strong candle closing above the high or below the low of the current 4H range can signal a continuation or the start of a new strong move.
Gauge Volatility: A large shaded area indicates a high-volatility 4H period. A small area suggests consolidation or low volatility.
Settings:
Visual Settings: Toggle the background and choose colors for Bullish, Bearish, and Neutral ranges.
Line Settings: Toggle the high/low lines and customize their colors.
Note: This is a visual aid, not a standalone trading system. It provides context but does not generate buy/sell signals. Always use it in conjunction with your own analysis and risk management.
Perfect for Day Traders, Swing Traders, and anyone who needs higher-timeframe context on their chart!
How to Use / Instructions:
After adding the script to your chart, open the settings menu (click on the indicator's name and then the gear icon).
In the "Inputs" tab, you will find two groups: "Visual Settings" and "Line Settings".
In Visual Settings, you can:
Toggle Show 4H Range Background on/off.
Change the Bullish Color, Bearish Color, and Neutral Color for the transparent background.
In Line Settings, you can:
Toggle Show High/Low Lines on/off.
Change the line colors for each trend type.
Adjust the colors to your preference. The default settings use transparency for a clean look that doesn't clutter the chart.
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuna uygun olarak, bu komut dosyasının oluşturucusu bunu açık kaynaklı hale getirmiştir, böylece yatırımcılar betiğin işlevselliğini inceleyip doğrulayabilir. Yazara saygı! Ücretsiz olarak kullanabilirsiniz, ancak kodu yeniden yayınlamanın Site Kurallarımıza tabi olduğunu unutmayın.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuna uygun olarak, bu komut dosyasının oluşturucusu bunu açık kaynaklı hale getirmiştir, böylece yatırımcılar betiğin işlevselliğini inceleyip doğrulayabilir. Yazara saygı! Ücretsiz olarak kullanabilirsiniz, ancak kodu yeniden yayınlamanın Site Kurallarımıza tabi olduğunu unutmayın.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.