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  • Comments (8)
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Custom Open Price Line

5

This is a simple leading indicator that will aids in drawing lines for Open price of the day, week, month, and the year. It also draws the High and Low of the periods respectively.

The Open price helps marking off the starting point of the any symbol within a specified period. These lines can be useful in determining the trend of any market (stocks and FX).

It also inclusde ranges of the pip movement of symbol of any given period. These ranges helps you to identify how far the market has moved to aid you in your trading analysis.

Also it serves as first point of identifying Support and Resistance of the symbols. If you are new to trading and you are finding it diffcult to identify your support and resistanace levels, this indicator can help you spot it out.

The indicators does not repaint and works on all symbols and time-frames.


Indicator Parameters

  • Interfere Color : This is the color that help display then two or more periods overlaps each other.
  • Label_Position : If you want to display the label at differernt positions. 
  • Show Daily: Display daily Open price line, it can be turned on or off.
  • Show_Daily_HL : Displays Daily high and low.
  • Show_Daily_Ranges: Display Daily Ranges
  • Daily_Width: It helps in selecting how thick or thin the line should be.
  • Daily_Style: You can adjust the style of the line, dotted or dashes.
  • Daily_Color: Color of the line.
  • Daily_History: If you want to display previous days Open price lines and their Highs and Lows.
  • Daily_History_Number: Number of days you want the lines to displays.

The above description applies to the both weekly,monthly, yearly setup parameters.

Reviews 3
Suluh Abadi Faryal Rizal
221
Suluh Abadi Faryal Rizal 2020.12.07 06:36 
 

author is very helpful

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Smart Copy is an Easy-to-Use EA that supports Multi Copying Metatrader4 and Metatrader5 and Local/Remote Copying. (Remote Version is coming soon) Free version is available on Smart Copy Local Free MT4 Specifications :     Real Time, Multi Terminal - Multi Account - MT4/MT5 trade copying     Copy from netting to hedge and hedge to netting is supported.     Fast and instant copy     All settings are input visually.     Easy modifying symbol names, prefix, suffix     Enable/Disable copying s
Engulfing Dashboard
Mhd Amran Bin Lop
Utilities
Engulfing Dashboard is a forex system that can help you generate forex profits easily without having to work hard to learn forex knowledge because this Dashboard is complete with all the facilities and functions that are sophisticated and effective. This system is made based on Supply and Demand techniques to measure Market Direction (trend) more accurately than using indicators such as Moving Average, MACD, trendline and so on. It is made using a certain formula so that the accuracy of the mar
News Trader Pro
Vu Trung Kien
4.41 (17)
Utilities
News Trader Pro is a unique robot that allows you to trade the news by your predefined strategy. It loads every piece of news from several popular Forex websites. You can choose any news and preset the strategy to trade it, and then News Trader Pro will trade that news by selected strategy automatically when the news comes. News release gives opportunity to have pips since the price usually has big move at that time. Now, with this tool, trading news becomes easier, more flexible and more exciti
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Volume Zone
Francis Dogbe
Indicators
Volume Zone is a unique indicator that uses special algorithm to determine the volumes traded for the period. There are two features of the indicator, the volumes price and and volumes zone. The volume price give the level at the buyers and sells entered the market. The zones also serve a good support/resistance and also site for demand/supply areas. The indicator was mainly designed to trade GBPUSD but also be applied on other pairs. The indicator can used by both beginners and advance trades.
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Suluh Abadi Faryal Rizal
221
Suluh Abadi Faryal Rizal 2020.12.07 06:36 
 

author is very helpful

Matthew Todorovski
13128
Matthew Todorovski 2018.06.12 16:23 
 

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Kostbar
514
Kostbar 2018.05.06 19:07 
 

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Tim Eubanks
5763
Tim Eubanks 2018.03.21 12:33 
 

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Version 1.3 2020.10.25
Minor Bug fixes
Version 1.2 2020.06.19
Fixes
*Period Line overlapping issue fixed.
*Minor bug fixes

New Addons
*Price of Period lines now showing on the chart.
*Ability to switch High and Low on or off.
*Added Yearly_Open Price.
Version 1.1 2018.02.01
New Version contains alert system
Alert will pop up when previous High or Low is broken