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that is a really interesting question.
Making your question a little bit easier: Is there a way to create a script that highlights/shades a specific time period e.g. 5/12/2020 to 8/17/2020?
I understand that it is necessary to manually input the dates in the script but having a script would place the highlighted period exactly at the entered dates.
Currently I use the “Date Region” tool to do the job. That works fine, but having a script would be better. In some way the script would look like the US recession periods using the recession file from the FRED to highlight US recessions but instead of having a file to highlight the specific time period it would be done with a script.
A great additional feature would be to display the dates when the highlighted time period begins and when it ends.