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Daily Open Line Pro

31 USD

Demo downloaded: 1

Published: 1 July 2026

Current version: 1.0

Daily Open Line Pro

Indicators
Saiful Huda
Saiful Huda
trader at online trading

Indonesia

237
Start trading activity from 2010, trading using Fundamental and the technical analysis.The yield per month up to 30% .Maximum drawdown in guard less than 25%

11 comments
Version: 1.0
Activations: 5

Daily Open Line Pro

The Daily Open Line Pro is a premium, lightweight, and highly customizable charting utility designed for MetaTrader 5. In modern trading strategies—such as Price Action, SMC (Smart Money Concepts), ICT, and Intraday Breakout—the daily opening price represents the ultimate baseline or equilibrium of the day. Knowing whether the price is trading above or below the Daily Open is crucial for establishing a daily bias (Premium vs. Discount pricing).

This indicator automatically plots precise horizontal daily opening lines and vertical day-separators, complete with elegant, uniform day-of-week labels to keep your charts perfectly organized and professional.

Key Features

Clean Intraday Open Lines: Draws a sleek horizontal trendline starting exactly at the day's open and ending at the day's close. No messy infinite right-side rays cluttering your future analysis.
Perfectly Uniform Day Labels: Automatically displays full day names (Monday, Tuesday, Wednesday, etc.) at a perfectly consistent pip offset (default: 5 pips) above or below the Daily Open line. Say goodbye to messy, overlapping text.
Fully Translatable & Customizable Labels: Don't speak English? You can fully rename the day labels in the inputs to match your local language or preferred abbreviations. You can also customize the font, size, and color.
Daily Vertical Grid: Built-in vertical line separators to easily distinguish between trading sessions and track daily cycles at a single glance.
Advanced Performance Optimization: Includes a historical day limiter ( MaxDaysToDraw ) and Year Filters. This ensures the indicator only processes what you need, guaranteeing zero lag and optimal terminal performance even on low-end PCs or VPS.
Dynamic Auto-Refresh: Automatically adapts and updates during live market ticks, candle completions, time-frame switching, or chart resizing.

How to Use for Trading (Daily Bias)

ICT / SMC Power of 3 (AMD): Identify the Accumulation phase near the Daily Open line. Look for Manipulation below the open line (for Longs) or above it (for Shorts) before the actual Distribution expansion.
Premium vs. Discount:Price ABOVE Daily Open = Premium Zone (Look for Short setups).
- Price BELOW Daily Open = Discount Zone (Look for Long setups).
Support & Resistance: The opening price often acts as a strong psychological support or resistance magnet throughout the New York and London sessions.

Input Parameters Guide

=== Daily Open Line ===

Line Color: Choose the color of the horizontal Daily Open line.
Line Style: Set line style (Solid, Dash, Dot, etc.).
Line Width: Adjust the thickness of the line.

=== Day Labels ===

Show Label: Toggle day name labels ON/OFF.
Label Monday - Friday: Fully customize or translate text for each specific day.
Label Color / Font Name / Font Size: Full typographic control over chart aesthetics.
Label Offset Bars: Shifts text horizontally (0 aligns perfectly with the day's first candle).
Label Offset Pips: Uniform vertical distance from the Daily Open line (Positive numbers for above, negative for below).

=== Daily Vertical Line ===

Show VLine: Toggle vertical session separators ON/OFF.
VLine Color / Style / Width: Fully customize the visual appearance of vertical dividers.

=== Filter & Performance ===

Start Year Filter: Only draw levels from this year onward (0 = all history).
End Year Filter: Restrict drawing up to a specific year (0 = currently running year).
Max Historical Days to Draw: Limits the maximum number of past days processed to keep your MetaTrader 5 lightning fast (e.g., last 100 days).

Technical Specifications

Platform: MetaTrader 5 (MT5)
Asset Class: Forex, Crypto, Indices, Commodities.
Timeframes: Works best on M1, M5, M15, M30, and H1.

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Daily Open Line Pro

Saiful Huda

Key Features

How to Use for Trading (Daily Bias)

Input Parameters Guide

Technical Specifications