First X Hours – Daily & Weekly (Auto-DST, Midlines & Labels)

Description

This indicator automatically plots the High, Low, and optional Midline of the first X trading hours for both the Daily and Weekly sessions. It is designed for traders who want to quickly identify early-session ranges and key levels that often act as intraday or intraweek support/resistance zones.

✅ Features:

Works for both Daily and Weekly sessions (enable/disable individually).

Fully configurable: choose how many hours to include (e.g., 8 hours).

Adjustable start time (hour) and automatic DST handling using named timezones (e.g., Europe/London, New York, Sydney).

Customizable line colours, thickness, and styles.

Optional midline (average of high & low) for range balance levels.

Optional labels with price tags for clear visibility.

Lines can be extended to the right for forward-projection.

🔎 Use cases:

Identify early-session ranges that may define the trading day or week.

Track breakouts above/below first-X-hours ranges.

Highlight key liquidity levels where price often reacts.

Combine with your strategy for confirmation of reversals or continuations.

⚠️ Note:

Indicator does not provide trading signals.

Best used on intraday timeframes (e.g., 5m–1h) for daily ranges, and H1–H4 for weekly ranges.