OPEN-SOURCE SCRIPT

New Day [UkutaLabs]

█ OVERVIEW

The New Day indicator is a useful trading tool that automatically identifies the first bar of each trading day for the user’s convenience.

█ USAGE

At the beginning of each trading day, this indicator will automatically create a line that will display the first bar of the trading day. This is a useful way to visualize where each day begins and ends.

When this indicator is used on a stock or futures chart, the first bar of the session will be identified as the first bar of the trading day. If this indicator is used on crypto or forex charts, which are tradable for 24 hours, the indicator will identify the bar closest to midnight as the first bar of the trading day.

█ SETTINGS

Configuration

• Line Color: This setting allows the user to determine the color of the New Day line.
• Line Width: This setting allows the user to determine the width of the New Day line.
• Line Style: This setting allows the user to determine the style of the New Day line.

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