FXN - Week and Day Separator

The FXN - Week and Day Separator indicator marks the beginning of weekly cycles and daily sessions with customizable vertical lines to help traders identify time-based market patterns. It provides a cleaner alternative to default platform session breaks, preventing visual conflicts between weekly and daily transitions.

Usage

The Usage section describes how the script can be used to organize price charts based on time cycles. Traders can use the vertical separators to quickly identify the opening of a new trading week or the start of a specific day.

• Weekly Cycle Analysis: By default, the indicator highlights the start of the week. This is useful for traders who track weekly highs/lows or specific weekly opening ranges.
• Daily Session Identification: Users can enable daily separators to see where each session begins. This helps in identifying intra-day cycles without the clutter often caused by native platform settings.
• Visual Customization: The tool allows for high levels of aesthetic control, including line styles (solid, dashed, dotted), widths, and colors. Users can also opt for background highlighting instead of vertical lines for a less intrusive look.
• Important Chart Setting: To ensure vertical lines display correctly without distorting the price action when switching symbols, users should right-click the price axis and select "Scale Price Chart Only" instead of "Auto (Fits Data To Screen)".

Details

The script is constructed to identify the specific bar that corresponds to the start of a week or day based on user inputs. It utilizes time-based logic to determine the exact moment a session rolls over, accounting for different start days (e.g., Sunday vs. Monday).

The indicator includes logic to handle different timeframes. It automatically manages visibility on higher resolutions (like 4-hour or daily charts) where granular separators might otherwise clutter the view. Furthermore, it offers a "Short Day Label" feature for lower timeframes like the 1-hour chart to maintain legibility. The integration of background separators serves as a secondary visualization method for those who prefer shaded areas over distinct lines.

Settings

General Settings

• Week Separator on Day: Defines which day is considered the start of the new trading week.
• Show Week Separator Line: Toggles the visibility of the weekly vertical line.
• Week Line Color/Width/Style: Customizes the appearance of the weekly separator.
• Show Day Separator Line: Toggles the visibility of the daily vertical lines (off by default).
• Day Color/Width/Style: Customizes the appearance of the daily separators.
• Show Day Separator and Days of Week on 1 hour Chart: Forces the visibility of daily data on the 1-hour timeframe.
• Use Background Separator, rather than Lines: Changes the visual output from vertical lines to background color blocks.
• Show days of week: Toggles text labels for Monday through Friday at the bottom of the chart.
• Use short names for days of week: Switches labels from full names (e.g., "Monday") to abbreviations (e.g., "Mon").

Text Colors

• Monday - Friday Text Color: Individual color settings for each day's label to help differentiate sessions at a glance.

FAQ

How do I fix the chart looking "collapsed" or "squashed" after adding the indicator? Right-click on your price axis (the vertical scale on the right) and ensure "Scale Price Chart Only" is selected. This prevents the vertical lines from forcing the chart to zoom out to fit all data.

Can I change which day the week starts on? Yes, you can adjust the "Week Separator on Day" setting in the inputs menu to start the week on any day from Sunday to Saturday.

How do I access the FXN - Week and Day Separator? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.