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Custom Open Price Line

5

This is a simple leading indicator that will aids in drawing lines for Open price of the day, week, month, and the year. It also draws the High and Low of the periods respectively.

The Open price helps marking off the starting point of the any symbol within a specified period. These lines can be useful in determining the trend of any market (stocks and FX).

It also inclusde ranges of the pip movement of symbol of any given period. These ranges helps you to identify how far the market has moved to aid you in your trading analysis.

Also it serves as first point of identifying Support and Resistance of the symbols. If you are new to trading and you are finding it diffcult to identify your support and resistanace levels, this indicator can help you spot it out.

The indicators does not repaint and works on all symbols and time-frames.


Indicator Parameters

  • Interfere Color : This is the color that help display then two or more periods overlaps each other.
  • Label_Position : If you want to display the label at differernt positions. 
  • Show Daily: Display daily Open price line, it can be turned on or off.
  • Show_Daily_HL : Displays Daily high and low.
  • Show_Daily_Ranges: Display Daily Ranges
  • Daily_Width: It helps in selecting how thick or thin the line should be.
  • Daily_Style: You can adjust the style of the line, dotted or dashes.
  • Daily_Color: Color of the line.
  • Daily_History: If you want to display previous days Open price lines and their Highs and Lows.
  • Daily_History_Number: Number of days you want the lines to displays.

The above description applies to the both weekly,monthly, yearly setup parameters.

Comentarios 4
Suluh Abadi Faryal Rizal
200
Suluh Abadi Faryal Rizal 2020.12.07 06:36 
 

author is very helpful

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Volume Zone
Francis Dogbe
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Volume Zone is a unique indicator that uses special algorithm to determine the volumes traded for the period. There are two features of the indicator, the volumes price and and volumes zone. The volume price give the level at the buyers and sells entered the market. The zones also serve a good support/resistance and also site for demand/supply areas. The indicator was mainly designed to trade GBPUSD but also be applied on other pairs. The indicator can used by both beginners and advance trades.
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Suluh Abadi Faryal Rizal
200
Suluh Abadi Faryal Rizal 2020.12.07 06:36 
 

author is very helpful

Matthew Todorovski
13122
Matthew Todorovski 2018.06.12 16:23 
 

El usuario no ha dejado ningún comentario para su valoración

Kostbar
514
Kostbar 2018.05.06 19:07 
 

El usuario no ha dejado ningún comentario para su valoración

Tim Eubanks
5733
Tim Eubanks 2018.03.21 12:33 
 

El usuario no ha dejado ningún comentario para su valoración

Respuesta al comentario
Versión 1.3 2020.10.25
Minor Bug fixes
Versión 1.2 2020.06.19
Fixes
*Period Line overlapping issue fixed.
*Minor bug fixes

New Addons
*Price of Period lines now showing on the chart.
*Ability to switch High and Low on or off.
*Added Yearly_Open Price.
Versión 1.1 2018.02.01
New Version contains alert system
Alert will pop up when previous High or Low is broken