Thank you for the response.
I believe we can see the following updates on version 5.
1. Plotting two vertical lines on the chart to represent the working zone (5 candles, starting from 00:00 of Newyork time)
3. The first vertical line, indicating the zone start ,will come at 00:01 AM
4. The second vertical line ,indicating the zone end, will come at 04:01 AM
5. The above two lines will go out of the chart as the day ends, which is Newyork time - 5.01 PM
6. Based on user's brokers time, user will have the ability to set these time zones on the indicator
7. Drawing swing high and swing lows between the working zone and outside of the zone
A. Look for the first swing high in the working zone
B. Look for the 2nd swing higher outside of the working zone which is higher than working zone's swing high and connect them, making a downtrend line
C. if no swing high is found in the working zone, there will NOT be any downtrend line
D. Look for the first swing low in the working zone
E. Look for the 2nd swing lower outside of the working zone which is lower than working zone's swing low and connect them, making a upward line
F. if no swing low is found in the working zone, there will NOT be any upward line
Please correct me if I am wrong.