Key Market Times [SD]v1

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © Spin Drift

// Dead Zone    0500 - 0800
// Asia Gap     2000 - 2030  | Asia Open    2000  | Asia Close   0400  EST
// Europe Gap   0230 - 0300  | Europe Open  0300  | Europe Close 1230  EST
// London Gap   0230 - 0300  | London Open  0300  | London Close 1130  EST
// US Gap       0900 - 0930  |  NY Open     0930  | NY Close     1600  EST
//
// Volatile             0930 - 1000  |
// High Confidence      1000 - 1100  |
// Low Confidence       1100 - 1200  |
// Very Low Confidence  1200 - 1500  |
// Hands OFF!           1500 - 1600  |

//@version=5
indicator("Key Market Times [SD]v1", shorttitle="Key Market Times [SD]v1", overlay=true)

// Initialize chartcol variable with default value
chartcol = color.rgb(0, 0, 0)

// User input for colors
volatile_color = input.color(color.rgb(250, 150, 25, 50), "Volatile Color")
high_confidence_color = input.color(color.rgb(75, 250, 75, 50), "High Confidence Color")
low_confidence_color = input.color(color.rgb(250, 250, 25, 50), "Low Confidence Color")
very_low_confidence_color = input.color(color.rgb(125, 125, 125, 50), "Very Low Confidence Color")
hands_off_color = input.color(color.rgb(250, 25, 25, 50), "Hands OFF Color")

// Use variables in the chartcol
timeinrange(res, sess) => not na(time(res, sess + ':3456', "America/New_York")) ? 1 : 0

if timeinrange("30", "0930-1000")
    chartcol := volatile_color
else if timeinrange("30", "1000-1100")
    chartcol := high_confidence_color
else if timeinrange("30", "1100-1200")
    chartcol := low_confidence_color
else if timeinrange("30", "1200-1500")
    chartcol := very_low_confidence_color
else if timeinrange("30", "1500-1600")
    chartcol := hands_off_color

// Labels
//label_color = color.rgb(250, 250, 250, 0)

bgcolor(color=chartcol)
plot(close, color=chartcol)