Daily Open Line

3.88

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.

Reviews 12
AlephTrader
96
AlephTrader 2026.03.02 12:55 
 

Es un excelente aporte a la comunidad. Muchas gracias.

Jasna Gregorc
17
Jasna Gregorc 2026.01.09 10:30 
 

A simple yet highly effective indicator that performs exactly as intended.

Didik
144
Didik 2025.01.20 11:06 
 

Thank You, very helpful.

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Partick Bob
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Partick Bob 2026.04.08 08:07 
 

Useless Indicator. MT5 is already having this feature by default.

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AlephTrader 2026.03.02 12:55 
 

Es un excelente aporte a la comunidad. Muchas gracias.

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Patso
126
Patso 2024.12.19 23:30 
 

User didn't leave any comment to the rating

Shrestha
89
Shrestha 2024.05.21 15:20 
 

User didn't leave any comment to the rating

algamerali
26
algamerali 2024.02.09 12:40 
 

Very nice indicator for those who trade ohlc

Raj Natarajan
38
Raj Natarajan 2024.02.06 07:24 
 

Nice Indicator

Gerhard Oehler
222
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

C.D.M
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.

Mary Gomes
361
Mary Gomes 2022.06.21 09:10 
 

User didn't leave any comment to the rating

Ionut Funduianu
232
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!

Attila Radulovic
4553
Reply from developer Attila Radulovic 2022.02.01 09:14
Thank you, Ionut!
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