Percentage change from price lines

Hello,

I'm looking for an indicator (for MT4) that draw lines calculated as a certain percent from the current price (eg. -2.0%,-1.0%,-0.5%;price;+0.5%,+1.0%,+2.0%). It would be better if the percentages were editable.

The indicator sounds simple but i'm unable to find it. can anyone help?

Thanks,
Oron

im searching one

You're replying to a poster who apparently no longer visits this forum.

Anyway, why not simply use MT4's in-built Envelopes indy (with Period=1, Method=Simple, Price=Close)?

Attach it multiple times if you need multiple, radiating bands.

because i need to draw the lines in the 1hTF or the 15mTF with the info of the previus day close (todays open). for example:

EURUSD, if today opened at 1.3455 (GMT-5), i would need to draw a line at :

1.3455 = (today's open)

1.3489 = (today's open + (today's open) x (0.25%)
1.3522 = (today's open + (today's open) x (0.50%)
1.3563 = (today's open + (today's open) x (0.80%)

1.3421 = (today's open - (today's open) x (0.25%)
1.3388 = (today's open - (today's open) x (0.50%)
1.3348 = (today's open - (today's open) x (0.80%)

and show it in any time frame.

right now im doing it manually every day, and reading http://www.mql4.com to see if i can make the indicator myself but i dont know how much time would it take me. i have searched FF without any success.

Please dont laugh:

//+------------------------------------------------------------------+
//| Percentages.mq4 |
//| Emilio López |
//| |
//+------------------------------------------------------------------+
#property copyright "Emilio López"
#property link ""

#property indicator_chart_window

//----


double TodayOpen;

double PercentA;
double PercentB;
double PercentC;

double PercentX;
double PercentY;
double PercentZ;


//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+

int init()
{
return(0);
}

//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+

int deinit()
{

return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{

TodayOpen = ;// i dont know how to define this

PercentA = TodayOpen * 1.0025;
PercentB = TodayOpen * 1.0050;
PercentC = TodayOpen * 1.0100;

PercentX = TodayOpen / 1.0025;
PercentY = TodayOpen / 1.0050;
PercentZ = TodayOpen / 1.0100;

//----

ObjectCreate("OpenLine", OBJ_HLINE,0, CurTime(),TodayOpen);

ObjectSet("OpenLine", OBJPROP_COLOR, DimGray);
ObjectSet("OpenLine", OBJPROP_STYLE, STYLE_DASH);

ObjectCreate("OpenLineLabel", OBJ_TEXT, 0, Time[20], TodayOpen);
ObjectSetText("OpenLineLabel", "Today Open", 8, "Arial", DimGray);

//----
return(0);
}
//+------------------------------------------------------------------+

hey emilio..... isn't laughter suppose to be the best medicine.....

priscilla is always laughin at me and she's as healthy as a horse......

maybe it's just a coincedence......h

//---

wow, thanks, thats just what i needed, i read the code, thanks.

i did some minor changes:

added +0.80% line
added -0.80% line
added a feature to clear the lines when you remove the indicator from the chart

i guess that tomorrow ill know this but,

will it refresh the lines at today's close?

can i ask you something?

waht does "[5]" means here?:

hey emilio..... in that case 5 would be the maximum number of useable variables in the up[] array....

here is some more reading for ya.......h

//edit.... had object delete in int..... instead of proper denit....ooppps...

Hi.. Emilio..

I've been creating such indicator like this here

http://www.forexfactory.com/showthread.php?t=264833

http://www.forexfactory.com/attachme...2&d=1289304778

nice, is the about same but percentages are fibonacci

and you paint your candles white for bearish and black for bullish, lol, it took me a while to figure it out.

are the rectangles just to see the percentage difference between the opened position price and current price? or has any other function?

what "||" means in the if functions?

and what does "i++" means here?:

if you really try the indi... there is an input parameter for :

 

1. the percentages
2. timeframe of the open line
3. line color of open line, positive and negative percent

ahh... I see you made it... good job..

no i couldnt download it, i wnt to http://www.forexfactory.com/showthread.php?t=264833 but didnt see it right away

but i see that you can put the percentages that you want,

above one are positive percentages? and below one are negative percentages?

i got it, what would i need to do if i want to show the percentages from the daily open instead of the month open?

for Daily Open set the Per = 1440

just follow the TimeFrameInfo
TimeFrameInfo "H4:240, DAILY: 1440, WEEKLY: 10080, MONTHLY: 43200";