Monthly/Weekly Open Line | Forex Factory

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Monthly/Weekly Open Line

  • #1
  • First Post: May 29, 2008 5:15am May 29, 2008 5:15am
Hi,
I know this is really lazy on my part but is there an indicator that will auto draw the monthly, weekly or daily open and you can set the length of it?

I found the attached indicator for a daily open and this suits what I want apart from the monthly/weekly aspect.

Apologies if I shouldn't post other people's indicators but it was just so there would be a clearer idea of what I was banging on about!

Many Thanks
Colin.
Attached File(s)
File Type: mq4 daily_open_line.mq4   2 KB | 4,181 downloads
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  • #2
  • Oct 25, 2008 10:14am Oct 25, 2008 10:14am
Please someone help with this, I'am also looking for that kind of indicator for my stradegy.
  • #3
  • Nov 2, 2008 4:59pm Nov 2, 2008 4:59pm
you can use the mtf ma, set the tf to say monthly
period to 1
and to the open
Attached File(s)
File Type: mq4 MovingAverage MTF.mq4   4 KB | 2,522 downloads
  • #4
  • Nov 3, 2008 8:54am Nov 3, 2008 8:54am
Quoting cologg
Hi,
I know this is really lazy on my part but is there an indicator that will auto draw the monthly, weekly or daily open and you can set the length of it?

I found the attached indicator for a daily open and this suits what I want apart from the monthly/weekly aspect.

Apologies if I shouldn't post other people's indicators but it was just so there would be a clearer idea of what I was banging on about!

Many Thanks
Colin.
escuse me! how can I attach it to MT4?
  • #5
  • Nov 3, 2008 9:04am Nov 3, 2008 9:04am
Quoting cologg
Hi,
I know this is really lazy on my part but is there an indicator that will auto draw the monthly, weekly or daily open and you can set the length of it?

I found the attached indicator for a daily open and this suits what I want apart from the monthly/weekly aspect.

Apologies if I shouldn't post other people's indicators but it was just so there would be a clearer idea of what I was banging on about!

Many Thanks
Colin.
This is something i just made up it plots 3 Open Levels i have set them to Daily/Weekly/Monthly but you can change that if required, the indicator will only show the current periods and not the history. let me know if you need anything altered.

cja

Attached File(s)
File Type: ex4 OPEN_Levels.ex4   8 KB | 8,144 downloads
Trade what you see not what you hope
  • #6
  • Edited 10:15am Oct 28, 2009 10:05am | Edited 10:15am
Quoting cja
This is something i just made up it plots 3 Open Levels i have set them to Daily/Weekly/Monthly but you can change that if required, the indicator will only show the current periods and not the history. let me know if you need anything altered.

cja

Attachment
Hi CJA, this is something I'm looking for.

But why are the lines looking from yesterdays daily open (if daily) and it seems the weekly and monthly opens are all looking at previous week and month not current?

I've attached an image, on the right side is a range gauge for the daily and weekly but for your indi, I see the numbers are different, doing it manually my range gauge seems correct and I'm not sure if it is a setting I should change or something ??
Attached Image (click to enlarge)
Click to Enlarge Name: gu281009.gif Size: 35 KB
  • #7
  • Feb 21, 2010 6:39pm Feb 21, 2010 6:39pm
Quoting pa18
Hi CJA, this is something I'm looking for.

But why are the lines looking from yesterdays daily open (if daily) and it seems the weekly and monthly opens are all looking at previous week and month not current?

I've attached an image, on the right side is a range gauge for the daily and weekly but for your indi, I see the numbers are different, doing it manually my range gauge seems correct and I'm not sure if it is a setting I should change or something ??
What is a range gauge?
  • #8
  • Aug 3, 2014 8:37am Aug 3, 2014 8:37am
Quoting cja
{quote} This is something i just made up it plots 3 Open Levels i have set them to Daily/Weekly/Monthly but you can change that if required, the indicator will only show the current periods and not the history. let me know if you need anything altered. cja {file}
cja,
Hope all is well my friend. I was wondering if there is any way you can fix the weekly and monthly open line formulas? It doesn't seem to place correct info for current Weekly/Monthly open lines. I placed it on my current chart and it still shows last week weekly and monthly open lines. Also is possible for you to shift label 10 bars over to the right of current candle? Include the mq4 file if you are able to? Thank you very much cja.
  • #9
  • Aug 3, 2014 3:38pm Aug 3, 2014 3:38pm
yes its my request too, its showing previous monthly, weekly & daily price instead I too want it to show the current monthly, weekly & daily open price.... any help in this will be highly appreciated. Thanks in advance
Risk / Trade Management is the name of the Game
  • #10
  • Aug 3, 2014 9:24pm Aug 3, 2014 9:24pm
quick hack.... no frills...

Cheers
Attached File(s)
File Type: mq4 D_W_MN_open_line.mq4   3 KB | 7,257 downloads
  • #11
  • Edited 6:15am Aug 5, 2014 2:39am | Edited 6:15am
This indicator can be loaded as many time as required on a chart to show any Open timeframe, I have added in a few extra features so that the Open can now be shifted from current to any number of bars back ( a number appears beside the Price label to show the number of bars back ) and it has been coded to run on the new 600 series MT4.

Attached File(s)
File Type: ex4 Open levels nmc.ex4   48 KB | 5,549 downloads


Attached Image (click to enlarge)
Click to Enlarge Name: Open.jpg Size: 53 KB
Trade what you see not what you hope
  • #12
  • Apr 11, 2016 10:34pm Apr 11, 2016 10:34pm
Hi Cja,

You have created an excellent tool. By any Chance can you also include a quarter year & yearly level as well?
  • #13
  • Nov 6, 2016 10:57am Nov 6, 2016 10:57am
Quoting cja
{quote} This is something i just made up it plots 3 Open Levels i have set them to Daily/Weekly/Monthly but you can change that if required, the indicator will only show the current periods and not the history. let me know if you need anything altered. cja {file}
Hi again cja,could you make it history period too
  • #14
  • Nov 14, 2016 3:00pm Nov 14, 2016 3:00pm
Quoting mobthehop
quick hack.... no frills... Cheers {file}

Thanks for this!
  • #15
  • Jan 24, 2017 2:59pm Jan 24, 2017 2:59pm
Quoting cja
This indicator can be loaded as many time as required on a chart to show any Open timeframe, I have added in a few extra features so that the Open can now be shifted from current to any number of bars back ( a number appears beside the Price label to show the number of bars back ) and it has been coded to run on the new 600 series MT4. {file} {image}
Hi, cja.

1. Your indicator shows open lines wrongly for Gold or WTI, the lines start at the previous candle before actual open.

2. The lines paint ok over std candles, but they don't paint over HA candles, that is why the start can be easily missed.

Both those things can be well seen on the attached picture for Monthly open line.

Could you please fix those issues?
Attached Image (click to enlarge)
Click to Enlarge Name: open lines.png Size: 62 KB
  • #16
  • Edited Jan 25, 2017 2:56am Jan 24, 2017 10:59pm | Edited Jan 25, 2017 2:56am
Quoting Botan626
{quote} Hi, cja. 1. Your indicator shows open lines wrongly for Gold or WTI, the lines start at the previous candle before actual open. 2. The lines paint ok over std candles, but they don't paint over HA candles, that is why the start can be easily missed. Both those things can be well seen on the attached picture for Monthly open line. Could you please fix those issues? {image}
The indicator was coded to work on Forex not metals or anything else however in saying that it should work on most things. The issue with the Monthly is because of the way the trading month December ended and the date the new month started ( check with any previous Months ) , I checked with a Forex pair and yes the line does go back one more candle however the open value is correct also you can find that the lines do not line up perfectly if using line styles other than solid due to the gaps between the dots/dashes. I have added an input code so the lines can be set on top of or below the candles.
Attached File(s)
File Type: ex4 Open levels nmc.ex4   52 KB | 2,571 downloads
Trade what you see not what you hope
  • #17
  • Jan 25, 2017 4:46am Jan 25, 2017 4:46am
Quoting cja
{quote} The indicator was coded to work on Forex not metals or anything else however in saying that it should work on most things. The issue with the Monthly is because of the way the trading month December ended and the date the new month started ( check with any previous Months ) , I checked with a Forex pair and yes the line does go back one more candle however the open value is correct also you can find that the lines do not line up perfectly if using line styles other than solid due to the gaps between the dots/dashes. I have added an input...
It's not about monthly line I described in the example and it's not about end/start of the year, the weekly line on any major forex pair plots wrongly too. Also why the indi's work depends on the instrument it's applied too?

The daily line for Gold also plots on the previous bar to the actual start of the day. The indi in the 1st post doesn't have problem with that.

The conclusion is that your indi doesn't do the job it's supposed to do correctly.
  • #18
  • Jan 25, 2017 6:37am Jan 25, 2017 6:37am
Quoting Botan626
{quote} It's not about monthly line I described in the example and it's not about end/start of the year, the weekly line on any major forex pair plots wrongly too. Also why the indi's work depends on the instrument it's applied too? The daily line for Gold also plots on the previous bar to the actual start of the day. The indi in the 1st post doesn't have problem with that. The conclusion is that your indi doesn't do the job it's supposed to do correctly.
The conclusion is that your indi doesn't do the job it's supposed to do correctly
That's your opinion and that's fine personally I don't have an issue with it.

Also why the indi's work depends on the instrument it's applied too?
The points values are very different in Forex and metals for example which often makes something coded for Forex not work with Metals.
Trade what you see not what you hope
  • #19
  • Jan 25, 2017 9:17am Jan 25, 2017 9:17am
Hello Everyone,

I download this indicator. But I don't know to crack the password on its indicator. Are there someone can make its password form like CJA setting: free_at_forexfactory? So everyone on this forum can use this indicator. I hope CJA can help my problem.


I attach its indicator from it's link.

This is the screenshot:
http://i59.photobucket.com/albums/g2...11_10_2016.png
http://i59.photobucket.com/albums/g2..._brexit__1.png
http://i59.photobucket.com/albums/g2..._June_2016.png

Thank you so much for your help.
Attached File(s)
File Type: zip fxrev.zip   385 KB | 1,338 downloads
  • #20
  • Jan 25, 2017 11:40am Jan 25, 2017 11:40am
Quoting cja
{quote} The conclusion is that your indi doesn't do the job it's supposed to do correctly That's your opinion and that's fine personally I don't have an issue with it. Also why the indi's work depends on the instrument it's applied too? The points values are very different in Forex and metals for example which often makes something coded for Forex not work with Metals.
It's not the opinion, it's the fact.

The indi from 1st post plots daily lines correctly even for Orange Juice, yours don't. What is there to argue about?

It's in mq4 format, why don't you study the code and copy it?
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