OPEN-SOURCE SCRIPT

Sessions ny viz

Script Purpose
This indicator draws a colored background during the New York trading session. It's useful for traders who want to have a visual overview of when the American (NY) trading session is active.
Main Features
NY Session Visualization - draws a gray bar in the background of the chart during NY trading hours (15:00-19:00 CET)
Customization - allows users to:
Set custom session time range
Adjust background color and transparency
Limit display to only the last 24 hours
Input Parameters
sessionRange - session time range (default 15:00-19:00 CET)
sessionColour - background color (default gray with 90% transparency)
onlyLast24Hours - toggle for showing only the last 24 hours (default false)
Technical Details
Script is written in Pine Script version 5
Uses UNIX timestamp for time period calculations
Runs as an overlay indicator (overlay=true), meaning it displays directly on the price chart
Uses the bgcolor() function for background rendering
Contains logic to check if current time is within defined session
Usage
This indicator is useful for:
Monitoring active NY trading session hours
Planning trades during the most liquid hours of the US market
Visual orientation in the chart during different trading sessions