SLXCASH TIME INDICATOR

This indicator, “SLXCASH,” is a custom indicator designed to identify specific times on the chart and analyze price movements during those periods. It is designed to work with specific time frames (1 minute, 3 minutes, 5 minutes) and includes settings for various times during the London and New York trading sessions. Below is a simple explanation of each part of the indicator:

London Time Settings

• lnSummerTime: Controls whether daylight saving time in London is enabled or disabled.
• m02330300 – m04030430: Specifies times between 02:33 AM and 03:00 AM, and between 04:03 AM and 04:30 AM. You can enable or disable the upper, middle, and lower lines, as well as extend the lines for each period.

New York Time Settings

• nySummerTime: Controls whether daylight saving time in New York is enabled or disabled.
• m08500910 – m15151545: Specifies times between 08:50 AM and 09:10 AM, between 09:50 AM and 10:10 AM, between 10:50 AM and 11:10 AM, between 11:50 AM and 12:10 PM, between 01:10 PM and 01:40 PM, and between 03:15 PM and 03:45 PM. You can enable or disable the upper, middle, and lower lines, as well as extend the lines for each period.

Pivot Points Analysis

• Pivot points are calculated to determine the highest and lowest price levels during a specific period.
• f_getPivotPoint: Function for calculating pivot points.

Creating Lines and Time Bars

• processTime: Function for processing and creating the upper, lower, and middle lines for the specified time periods, as well as extending the lines if enabled.

Additional Settings

• Classification Group: Contains settings for classifying price movements (Accumulation, Manipulation, Expansion).
• Alert Times in Advance: Enables time alerts to notify the user before the specified time period occurs.

Silver Bullet Sessions

• SB_LN_per, SB_AM_per, SB_PM_per: Silver Bullet Sessions in London and New York in the morning and afternoon.

Trend Determination

• f_setTrend: Function for determining the trend (upward or downward) based on price movements.

Swings

• f_swings: Function for analyzing swing points during the specified time periods.

Targets

• targetHi, targetLo: For determining the upper and lower price targets.

Minimum Trade Framework

• minimum_trade_framework: Determines the minimum trade size based on the market type (Forex, indices, futures).

Fair Value Gaps

• FVG’s: Calculates and creates fair value gaps to identify price gaps.

End

• plotchar: Displays signals for gap entries (FVG ENTRY) and upper and lower targets (target high, target low) on the chart.

Additional Notes

• The table in the lower right corner displays a message if a time frame larger than 15 minutes is used, and requests the use of a time frame less than or equal to 15 minutes.

Usage

• The indicator is used to identify specific time periods and analyze price movements during them, providing support and resistance lines, alert signals, and price targets. It is useful for traders who rely on analyzing short time frames (1-5 minutes) to identify trading opportunities.