Indicator for extremes near open

[RickW00716]

I am looking for an indicator that will plot the (open - low)if the low is closest to the open....and the (high-open) if the high is closest to the open.

I would also like to be able to plot a 10 period average of each of these..example: a 10 SMA of open -low...only open minus the low when the open is closest to the low...vice versa for the high - open.

Also is there a way I can plot the weekly open on smaller timeframe charts?

Thank you!

[ElliottWave]

While not exactly what you are looking for, there is an indicator called the 'Directional Day Filter' which is quite useful for determining the trend for the day based on the first hour.

I could provide two different versions coded in C# (NinjaScript) and here is the EasyLanguage code if it helps:

Inputs: PlotTime(5),Delay(60) ;

Vars: NuHi(c), NuLo(c), Med(0);

If dd[1] then begin

NuHi = H;

NuLo = L;

end;

If H>NuHi then NuHi = H;

If L<NuLo then NuLo = L;

If T = CalcTime(Sess1StartTime,PlotTime) then Med = (NuHi+NuLo)/2;

If Med > 0 then plot1(Med,"DDFLine");

If t = CalcTime(Sess1StartTime,Delay) and nulo>0 then begin

Plot2(NuHi,"hi");

Plot3(NuLo,"lo");

Plot4(C,"C");

If checkalert then alert = true;

end;

[RickW00716]

Elliott Wave:
While not exactly what you are looking for, there is an indicator called the 'Directional Day Filter' which is quite useful for determining the trend for the day based on the first hour. I could provide two different versions coded in C# (NinjaScript) and here is the EasyLanguage code if it helps:

Thank you...this looks interesting...Is this indicator available for MT4?

I am not a programmer(very computer illiterate!)

[Perky]

i use this to guage my uk open trades for direction

it colors the high/low of the asian session

pretty good really

[Perky]

loooking for a way of getting the US open

im thinking

its either a continuance of the uk session or reversal

just a fresh idea

[ServerUang]

Originally Posted by Perky

i use this to guage my uk open trades for direction

it colors the high/low of the asian session

pretty good really

Thank you for sharing your $TrillionDollarDaysHML indicator Sir,

May I ask question ?

The using of this indi, is it the same with Session indicator Sir ?

BestRegards,

ServerUang

[Perky]

no the session indi just tells you when the sessions begin and start - from what I understand

this indicator shows the high and low from the asian session

and you can judge your trades from there

for thr uk session

[ServerUang]

Thank you Sir for the answer, I will try and learn more about your indi.

ServerUang

[Wayne Ovenstone]

Hi Perky

Could you post the template file and the relevant indicators for the initial picture posted?

Thanks

Wayne

[matrixebiz]

Perky:
i use this to guage my uk open trades for direction

it colors the high/low of the asian session

pretty good really

Hello, what is this indicator your using;

Can you post it please

Thanks

[clahn04]

matrixebiz:
Hello, what is this indicator your using;

Can you post it please

Thanks

I believe it's just Williams % R...set at 55....it comes standard with Metatrader.

Best,

cl