This indicator plots the Daily Open Line and shades the bullish and bearish price zones around it.
It provides a clear visual reference to see whether the market is trading above or below the daily open, which is a commonly used level in intraday analysis.

The indicator automatically draws a horizontal line at the daily open price and highlights the chart areas:

• Green zone above the line (bullish area).
• Red zone below the line (bearish area).

Features:

• Automatic Daily Open Line: precise plotting of the daily open price.
• Color Zones: easily distinguish bullish and bearish areas with customizable colors.
• Dynamic Updates: zones adjust automatically with each new candle.
• Customizable appearance: line style, thickness, and zone colors can be modified.
• Lightweight and efficient: designed for minimal CPU usage.
• Works on all symbols and timeframes.

Conclusion:
The indicator offers a clear chart visualization of the daily open and the related bullish/bearish zones. It can be applied to different markets and timeframes for technical analysis.