Daily Open with spaced lines above and below, conversion code mq4 to prorealtime

Jaywalker · 2018-03-03T13:02:43+00:00

Hi A simple indicator that draws the daily open price and then the option to draw lines above and below the open price by manually entering number of pips above and/or below price. I use it to measure volatility Many thanks Mike

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03/03/2018 at 2:02 PM #64307 quote

Jaywalker
Participant

New

Hi
A simple indicator that draws the daily open price and then the option to draw lines above and below the open price by manually entering number of pips above and/or below price.
I use it to measure volatility
Many thanks
Mike

ProrealTime-indicator-picture-1.jpg DailyOpen-1.mq4

03/03/2018 at 2:02 PM #64279 quote

Jaywalker
Participant

New

Hi
Indicator is very basic, daily open line is drawn with the option of pre-set lines ( manually enter number of pips) above and below the daily open.
I use it for assessing volatility.
Many thanks
Mike

ProrealTime-indicator-picture.jpg DailyOpen.mq4

03/06/2018 at 9:14 AM #64540 quote
Nicolas
Keymaster

Legend
This code should be good:
```
distance = 20

if intradaybarindex=0 then 
oopen = dopen(0)
up1 = oopen+distance*pointsize
up2 = oopen+distance*2*pointsize
dn1 = oopen-distance*pointsize
dn2 = oopen-distance*2*pointsize
endif

return oopen, up1, up2, dn1, dn2
```
You can modify the distance from the daily open for the 2 upper and 2 lower lines with the “distance” variable at the beginning of the code.
Jaywalker thanked this post

daily-open-with-extra-lines.png
03/09/2018 at 1:39 PM #64905 quote

Jaywalker
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New

many thanks Nicolas
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Daily Open with spaced lines above and below, conversion code mq4 to prorealtime

ProBuilder: Indicators & Custom Tools

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Jaywalker @jaywalker Participant

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This topic contains 3 replies,
has 2 voices, and was last updated by Jaywalker
8 years, 6 months ago.

Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	03/03/2018
Status:	Active
Attachments:	5 files