the trading session highlight indicator is outstanding work. i would suggest that it be extended to provide the same session identification to oscillators such as RSI,CCI, MACD, RLW in addition to display on the chart itself. the user should be able to select from a list of stable and proven oscillators, specific oscillator parameters, as well as, select from all current options available to the trading session highlight indicator. the hi low function of the trading session highlighter should be adapted to the hi and low of the oscillator during the session.
more advanced refinements could include the incorporation of the logic of the auto-trend lines to draw trend lines from the previous market session highs( and lows) to the current session highs and lows. if there is an instance of the market session highlighter on the chart and on an oscillator, then logic can be developed to compare the slopes of the intersession trend of the oscillator and the inter-session trend of the price action. this comparison of slopes can then correlated and compared and produce signals for convergence, divergence, neither convergence nor divergence. moreover, the resultant of the slope comparison can then be used to feed a output stream in the same oscillator, perhaps bars or dots, that would provide a visual of the slope convergence/divergence of the trend lines. the thresholds for the signals could either be user selected or automatic calculated according to R-squared equation.
even further advancements could include, since the we are dealing with slopes derived from data, is statistics,probability, and higher order equations based on the convergent/divergent slope data. we will consider these later if we can achieve the integration detailed above
even with all of this advance functioning, if possible, what i see when i trade is one chart, one oscillator line. session highlights on both windows, four trend lines, and one dot or bar graph that shows divergence and it produces three signals. very clean and and very efficient presentation of important information, i would.
thank you in advance for your consideration