Horizontal Line Candle Open and Time

JTulley · 2018-02-20T16:37:24+00:00

Hello Forum Members, I would like to draw a horizontal line at the open of the 08:00 candle from the previous day, using an M5 timeframe. I can see that this might be done by counting back bars from the current time, but I suspect that there’s probably a more elegant solution. Can anyone suggest how this can be done? Thank You

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02/20/2018 at 5:37 PM #63308 quote

JTulley
Participant

New

Hello Forum Members,

I would like to draw a horizontal line at the open of the 08:00 candle from the previous day, using an M5 timeframe.

I can see that this might be done by counting back bars from the current time, but I suspect that there’s probably a more elegant solution.

Can anyone suggest how this can be done?

Thank You

02/20/2018 at 6:02 PM #63310 quote
Nicolas
Keymaster

Legend
Could you test this code? I think it should works.
```
defparam drawonlastbaronly=true

if opentime=080000 then 
 value=close
endif

if intradaybarindex=0 then 
 drawhline(value)
endif

return
```
02/20/2018 at 6:16 PM #63311 quote

JTulley
Participant

New

Thanks for the quick reply.

Unfortunately this code doesn’t draw a line for me.

02/20/2018 at 6:24 PM #63312 quote
robertogozzi
Moderator

Legend
Change line 7 as follows
```
if intradaybarindex>=0 then
```
02/20/2018 at 6:27 PM #63314 quote

robertogozzi
Moderator

Legend

Actually you can remove both line 7 and 9.

02/20/2018 at 6:29 PM #63316 quote

JTulley
Participant

New

That’s an improvement.

I get a line now, but at Today’s 08:00, rather than yesterdays.

02/20/2018 at 6:44 PM #63318 quote
robertogozzi
Moderator

Legend
Write line 4 as
```
value=close[288]
```
because there are 24 * 12 5-minute bars in a day your are going to get yesterday’s value.
02/20/2018 at 6:47 PM #63319 quote

JTulley
Participant

New

Perfect,

Thank you Nicolas and Roberto.
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