Daily open line indicator - please help! | Forex Factory

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Daily open line indicator - please help!

  • #1
  • First Post: Nov 5, 2009 11:15am Nov 5, 2009 11:15am
Does anyone have an indicator that plots a horizontal line at the open/close price for an adjustable particular time everyday, like for the open price of a session, etc. If possible a vertical line at that bar would be nice as well.

I am looking for something like this, especially if it could show historic lines (for example, at 22:00 everyday it plots the open price as a dotted line, etc.) so I could use it for backtesting.

Thanks a ton in advance for any help!
  • #2
  • Nov 6, 2009 9:29pm Nov 6, 2009 9:29pm
Here ya go, just what you asked for.

Steve
Attached File(s)
File Type: mq4 daily_open_line.mq4   2 KB | 26,678 downloads
No matter your system, money management is the key to success.
  • #3
  • Nov 6, 2009 9:37pm Nov 6, 2009 9:37pm
Is there one for weekly open, high and low?
  • #4
  • Nov 8, 2009 1:22am Nov 8, 2009 1:22am
Thanks! This is perfect! I appreciate your quick response.

Cheers
  • #5
  • Mar 10, 2010 5:53am Mar 10, 2010 5:53am
I modify this Indicator may useful for someone
Attached File(s)
File Type: mq4 q-Opn_Line.mq4   2 KB | 11,264 downloads
  • #6
  • Edited 10:12am Nov 7, 2010 9:51am | Edited 10:12am
I m looking for an indicator that can put levels on the chart above and bellow Daily Open Line.

In my opinion, Price go in one direction with the goal to take a level. I think if I can see the levels on the chart will be more easy to back-test the idea. I think Daily open it s important like other levels that can show the direction. Daily MA 8 13 21 89 233 , Pivot points with R1 R2 S1 S2 and round numbers.

I think the price go from Daily Open on Fibo levels in Pips. 13 21 34 55 89 pips from daily open.
Now It s not hard to put lines manually but for back testing it s not efficient.

The type of levels can be many, that why if the indy has the option to change the levels from his properties will be great.

Shure if this ideea has potential can be put it in EA but is not that simple.

The EA has to have more options:
Time Trading on off
trailing options
Moving Averages
Risk

If anyone can help me on this indicator maybe we can go forward and create an EA after backtesting and after we see some potential.
  • #7
  • Mar 27, 2011 4:59pm Mar 27, 2011 4:59pm
hello ArshadFX

i download your modified indicator, and i wil say it is very usefull. thanks for the very good work.

please look in the attachment, and add two more lines in this indicator, which showed in the chart.

let me explain to you that what i want you to add

as you can see that the middle line is your original daily open line, now the upper line is the x number of pips between the middle line and the upper line,
(for example 150 pips or 200 pips or any) and same in the bottom line.

i will be very thank full to you if you can modified it for me.

add me in your skype list, if you want to talk to me.

my skype id is. wfgroup

thanks
Attached Image (click to enlarge)
Click to Enlarge Name: new chart.GIF Size: 12 KB
  • #8
  • Jun 30, 2011 5:40am Jun 30, 2011 5:40am
I thiought there would be more demand for this type of indicator, this does what you want plus much, much more - thanks to hanover

First Page - Daily Boxes-Lines indicator @ Forex Factory
Attached Image (click to enlarge)
Click to Enlarge Name: lines_up_down.gif Size: 28 KB
OPPORTUNITY IS NOWHERE
  • #9
  • Jul 27, 2011 10:23pm Jul 27, 2011 10:23pm
Quoting Callisto
I thiought there would be more demand for this type of indicator, this does what you want plus much, much more - thanks to hanover

First Page - Daily Boxes-Lines indicator @ Forex Factory
the link is down?
  • #10
  • Jul 27, 2011 11:01pm Jul 27, 2011 11:01pm
Quoting spicymonkey
the link is down?
SEARCH still works

http://www.forexfactory.com/showthre...ily+line+boxes
It takes a lot for me to IGNORE you, but you can try.
  • #11
  • Jan 26, 2012 7:41pm Jan 26, 2012 7:41pm
Quoting ArshadFX
I modify this Indicator may useful for someone
Thanks mate, good stuff!
  • #12
  • May 22, 2012 6:32pm May 22, 2012 6:32pm
Quoting radatats
Here ya go, just what you asked for.

Steve

Quoting ArshadFX
I modify this Indicator may useful for someone

Very useful indicator indeed!

Thanks a lot mate!
Be the market
  • #13
  • Dec 11, 2012 3:06pm Dec 11, 2012 3:06pm
Quoting Callisto
I thiought there would be more demand for this type of indicator, this does what you want plus much, much more - thanks to hanover

First Page - Daily Boxes-Lines indicator @ Forex Factory
hello

the link is not working.... please can u upload the indicator.....
  • #14
  • Sep 13, 2013 2:11pm Sep 13, 2013 2:11pm
Hello there,

I know I'm few years behind on this request but if any kind soul can help me I will really appreciate it. I am looking for a Daily Open Line (DOL) that extends into the second day - that is, yesterday's DOL will extend from yesterday and continue into today. Objective is to easily id pairs where price is bouncing off either yesterday DOL or yesterday's high/low and using it as SR to confirm possible change of intra day trend. The THV4 TzPivotsD does extend YHL into today, and I'm looking for a similar feature in the DOL. The THV4 TzPivotsD has the DOL but it does not extend into the second day like the daily high/low. I have found this to be an important SR tool in confirming trend reversals that probably started around close of the previous day (or any time in the prior day for that matter).

It was my search on the internet that led me here, in case such an indicator exist or the original one modified to accommodate this request.

Thanks in advance

Shalom

George
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJ DOL YHL Strategy.gif Size: 77 KB
Click to Enlarge Name: EG DOL YHL Strategy.gif Size: 60 KB
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  • #15
  • Sep 13, 2013 8:43pm Sep 13, 2013 8:43pm
Quoting 919gilead
Hello there, I know I'm few years behind on this request but if any kind soul can help me I will really appreciate it. I am looking for a Daily Open Line (DOL) that extends into the second day
Hi,
I am no coder at all, but I think I managed to do what you want, if I correctly understood, (by adding only two symbols - "+1" - into the initial code of the indicator called "Prev-day-and-floating-pivot" ). Check it out, it seems to work at my end.
PS. I also added extended previous day pivot, this is called Prev-day-and-floating-pivot2.mq4. Also can be used as indication of continuing trend.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 31 KB
Attached File(s)
File Type: mq4 Prev-day-and-floating-pivot1.mq4   4 KB | 3,017 downloads
File Type: mq4 Prev-day-and-floating-pivot2.mq4   4 KB | 2,888 downloads
  • #16
  • Sep 13, 2013 10:19pm Sep 13, 2013 10:19pm
Quoting FatherJack
{quote} Hi, I am no coder at all, but I think I managed to do what you want, if I correctly understood, (by adding only two symbols - "+1" - into the initial code of the indicator called "Prev-day-and-floating-pivot" ). Check it out, it seems to work at my end. PS. I also added extended previous day pivot, this is called Prev-day-and-floating-pivot2.mq4. Also can be used as indication of continuing trend. {file} {image} {file}
Thanks FatherJack this is exactly what I want, although would have preferred the blue line to extend but the indicator does the job. Thanks a million.

Or you want to give this attached indicator a try too

God bless my friend, and have a good week end.

Shalom

George
Attached File(s)
File Type: mq4 Daily Open Line.mq4   2 KB | 4,120 downloads
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  • #17
  • Sep 14, 2013 12:15am Sep 14, 2013 12:15am
Quoting 919gilead
{quote} Thanks FatherJack this is exactly what I want, although would have preferred the blue line to extend but the indicator does the job. Thanks a million. Or you want to give this attached indicator a try too God bless my friend, and have a good week end. Shalom George {file}
I don't know how to remove the lines connecting consecutive daily opens, must be very simple, but still I have no clue . Below is the closest to what you want and what I am capable of doing, maybe someone can do proper extensions... anyways:
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdh1.png Size: 27 KB
Attached File(s)
File Type: mq4 Prev-day-and-floating-pivot11.mq4   4 KB | 2,626 downloads
  • #18
  • Sep 14, 2013 1:12am Sep 14, 2013 1:12am
Attached File(s)
File Type: mq4 Prev-day-and-floating-pivot2.mq4   4 KB | 3,471 downloads
Trade what you see not what you hope
  • #19
  • Sep 14, 2013 1:56am Sep 14, 2013 1:56am
Quoting FatherJack
{quote} I don't know how to remove the lines connecting consecutive daily opens, must be very simple, but still I have no clue . Below is the closest to what you want and what I am capable of doing, maybe someone can do proper extensions... anyways: {file} {image}
Thank you very much
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  • #20
  • Edited 2:19am Sep 14, 2013 2:01am | Edited 2:19am
Quoting cja
{file}
Hey CJA,

You're the man , and thank you very much. Much appreciated and God bless

Shalom

George
Attached Image (click to enlarge)
Click to Enlarge Name: EJ DOL YHL Strategy2.gif Size: 64 KB
Low Risk Low Stress High Reward High Probability Trades
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