This indicator identifies signals based on customizable time blocks. Time blocks can be changed in the input parameter.
Block Calculation
- Divides the day into equal blocks starting at user-defined time
- Example: 15-minute blocks starting at 1:00 AM → 1:00-1:15, 1:15-1:30, etc.
- Tracks highest high/lowest low within each block
- Compares current block's closing prices to previous block's extremes
- Places arrow on FIRST candle that closes beyond previous block's level
Red Cross Arrow: Price closes ABOVE previous block's high
Red Cross Arrow: Price closes ABOVE previous block's high
Green Cross Arrow: Price closes BELOW previous block's low
Green Cross Arrow: Price closes BELOW previous block's low
