Market / MetaTrader 5 / Indicators /

Daily Open Line

FREE

Published: 8 June 2021

Current version: 1.1

Daily Open Line

Name: Daily Open Line
Rating: 3.875 (8 reviews)
Author: Attila Radulovic

3.88

Indicators
Attila Radulovic
Attila Radulovic
Hungary

4703
4 (9)
- https://www.radu.hu/
3 products
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...

106

AlephTrader 2026.03.02 12:55 #

Es un excelente aporte a la comunidad. Muchas gracias.

Jasna Gregorc 2026.01.09 10:30 #

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

144

Didik 2025.01.20 11:06 #

Thank You, very helpful.

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The indicator draws lines (with line objects) to the close prices of the last closed bars, on selected timeframes. Parameters Close line 1 close price timeframe - timeframe of the 1st close price Close line 1 color - color of the 1st close price Close line 1 width - width of the 1st close price Close line 1 style - style of the 1st close price Close line 1 max count - the maximum number of lines plotted for the 1st close price, considering the selected timeframe in Close line 1 timeframe paramet

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Filter:

208

Partick Bob 2026.04.08 08:07 #

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

106

AlephTrader 2026.03.02 12:55 #

Es un excelente aporte a la comunidad. Muchas gracias.

Jasna Gregorc 2026.01.09 10:30 #

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

144

Didik 2025.01.20 11:06 #

Thank You, very helpful.

126

Patso 2024.12.19 23:30 #

User didn't leave any comment to the rating

Shrestha 2024.05.21 15:20 #

User didn't leave any comment to the rating

algamerali 2024.02.09 12:40 #

Very nice indicator for those who trade ohlc

Raj Natarajan 2024.02.06 07:24 #

Nice Indicator

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

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.

361

Mary Gomes 2022.06.21 09:10 #

User didn't leave any comment to the rating

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!

4703

Reply from developer Attila Radulovic 2022.02.01 09:14 #

Thank you, Ionut!