TradingView Indicator with 6AM Reference

Create a TradingView indicator that helps identify high-probability trade setups using the 6:00 AM (Eastern Time) 4-hour candle as the daily reference, combined with 15-minute market structure and 15-minute reversal candle patterns.

The indicator should be lightweight, easy to read, and suitable for day trading.

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PART 1 – 6:00 AM 4-Hour Candle

Automatically detect the 6:00 AM (EST/EDT) 4-hour candle every trading day.

Display the following levels:
• Opening Price
• High
• Low
• Closing Price
• 50% Midpoint

Draw horizontal lines that extend throughout the trading day.

Different colors for each level:
• Open = White
• High = Green
• Low = Red
• Midpoint = Yellow
• Close = Blue

The indicator should display the current values in a small dashboard.

Example:

6AM OPEN: 438.50

6AM HIGH: 441.25

6AM LOW: 436.80

6AM CLOSE: 440.90

Daily Bias: Bullish

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PART 2 – Daily Bias

Automatically determine whether the 6:00 AM candle is:
• Bullish (Close > Open)
• Bearish (Close < Open)
• Neutral (Doji)
Display the bias in the dashboard.
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PART 3 – Premium / Discount Zone Using the High and Low of the 6AM candle:
• Draw the 50% equilibrium line.
• Shade:
Above 50% = Premium Below 50% = Discount Allow the colors and transparency to be customized.
⸻ PART 4 – 15-Minute Market Structure The indicator must monitor only the 15-minute timeframe. Automatically identify:
Higher High (HH) Higher Low (HL) Lower High (LH) Lower Low (LL) Label these directly on the chart.
⸻ PART 5 – Break of Structure (BOS) Detect:
Bullish BOS Price closes above the previous confirmed swing high. Bearish BOS Price closes below the previous confirmed swing low. Display: Green BOS label Red BOS label Provide optional alerts.
⸻ PART 6 – Change of Character (CHOCH) Automatically identify the first break against the existing trend. Bullish CHOCH Downtrend breaks and closes above the previous Lower High. Bearish CHOCH Uptrend breaks and closes below the previous Higher Low. Display a prominent CHOCH label and optional alerts.
⸻ PART 7 – Change of Direction (15-Minute Candle Patterns) Detect major reversal candle patterns automatically. Bullish Patterns Bullish Engulfing Hammer Morning Star Piercing Pattern Bearish Patterns Bearish Engulfing Shooting Star Evening Star Dark Cloud Cover Display labels above or below the candle. Allow users to enable or disable individual patterns.
⸻ PART 8 – Trend Filter Show trend direction using market structure. Examples: Bullish Trend Bearish Trend Sideways Display this in the dashboard.
⸻ PART 9 – Trading Dashboard Display in the top-right corner: Daily Bias Current Trend Last BOS Last CHOCH Distance from 6AM High Distance from 6AM Low Current Price Premium or Discount ⸻ PART 10 – Alerts Create TradingView alerts for: Bullish BOS Bearish BOS Bullish CHOCH Bearish CHOCH Bullish Candle Pattern Bearish Candle Pattern Price touches 6AM High Price touches 6AM Low Price crosses the 50% level ⸻ PART 11 – Custom Settings Allow users to customize: Time zone Line colors Dashboard position Label size Enable/disable BOS Enable/disable CHOCH Enable/disable candle patterns Enable/disable alerts Show/hide Premium & Discount zones ⸻ PART12 - Subscription Feature Add functionality to allow managing access to this indicator on a subscription basis where users pay a monthly fee for access.