Market / MetaTrader 5 / Indicators /

Daily Open Line

FREE

Published: 8 June 2021

Current version: 1.1

Daily Open Line

Indicators
Attila Radulovic
Version: 1.1
Updated: 15 September 2022

The indicator draws the daily open line.

Parameters

GMT shift (minutes)

The time zone could be shifted. The value is given in minutes.

Draw closest regular bar's open price

This parameter could fine-tune the open price line when using GMT shift.

Yes - Draw the open line based on the current chart period's closest regular bar
No - Draw the open line based on the M1 chart's closest bar.

Let's assume that your shift is 10 minutes, and you are using H1 chart and the first candle in every day is 00:00.

In this case, choosing option No the M1 open price of 00:10 will be used as open price, while Yes will use open price of 00:00. The starting candle of the line will be the same in both cases.

Max bars for drawing

You can specify, how many candles should be used for draw the lines in the past.

Colors, Styles, Widths

You could easily set up the desired colors, styles and widths for the lines.

The indicator has two buffers, which are alternating day after day.

more...

Raj Natarajan 2024.02.06 07:24 #

Nice Indicator

257

Mary Gomes 2022.06.21 09:10 #

Very useful indicator for me

231

Ionut Funduianu 2022.01.30 20:49 #

Does the job perfectly. I use it to draw daily open line, London open and New York open. Also very simple to set up an customize! Many thanks!

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Filter:

algamerali 2024.02.09 12:40 #

Very nice indicator for those who trade ohlc

Raj Natarajan 2024.02.06 07:24 #

Nice Indicator

170

Gerhard Oehler 2023.04.26 16:18 #

leider nicht das was ich suche, möchet 22.00 europ Time also in den USA börsenende eine Querlinie haben .. kann das nicht einstellen - schade

612

C.D.M 2022.08.18 16:26 #

The open line disappears from the current chart and reappears when I change the time frame and then disappears again until I change the time frame again.

257

Mary Gomes 2022.06.21 09:10 #

Very useful indicator for me

231

Ionut Funduianu 2022.01.30 20:49 #

Does the job perfectly. I use it to draw daily open line, London open and New York open. Also very simple to set up an customize! Many thanks!

2533

Reply from developer Attila Radulovic 2022.02.01 09:14 #

Thank you, Ionut!

Version 1.1 2022.09.15

Bugfix: dissapearing lines in case of MT5 restart
Bugfix: sometimes missing candles caused line flickering.