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Draw Horizontal Ray

5

Sometimes we want to draw a horizontal ray from any given price based on a candlestick, and this tool solves that with just 1 key! In order to draw an horizontal ray you just need to drag and drop the indicator over any chart you want and then:

1) Click over ANY candle and then

2) Hit any of the following keys:

  • O - It will draw an horizontal ray right at the OPEN price of the clicked candle
  • H - It will draw an horizontal ray right at the HIGH price of the clicked candle
  • L - It will draw an horizontal ray right at the LOW price of the clicked candle
  • C - It will draw an horizontal ray right at the CLOSE price of the clicked candle

The tool also includes the "Make it Horizontal" function embedded, so you have everything for making any line to horizontal regardless if it is a ray or just a trendline... yes all in one!

The tool will differentiate from when you want to convert a trendline to horizontal or when to draw an horizontal ray at HIGH price by having the trendline selected or not. When any trendline is selected then it will convert it to horizontal, otherwise, if nothing is selected, then just click over any candle and press "H" to create a ray at HIGH price of that candle.

Reviews 1
n.zaverskiy
39
n.zaverskiy 2020.05.13 10:25 
 

Your product is simple and awesome. It works perfectly. Is there a chance you could make "default line" settings? For example, if I want my line to be 1 year (not ray)? It would be even more awesome. Anyway, thanks a lot!

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Closing positions in MetaTrader 4 upon reaching the total profit/loss with the profit trailing function. You can enable the Virtual stops (Separate Order) , Calculating and closing for BUY and SELL positions separately (Separate BUY SELL) , Closing and calculating all symbols or the current symbol only (All Symbols) , Enable trailing for profit ( Trailing Profit) Close on total profit and loss in deposit currency, points, or % of the balance. The application is designed for use on any account t
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Make It Horizontal
JUAN LUIS CIENFUEGOS RUIZ
Indicators
"Make it Horizontal" will convert any trendline to horizontal by just selecting it and then pressing the H key. This tool must be included in your charts as an indicator. It has no inputs, just drag it to your charts and that's it! I created this tool because the MT4 doesn't have any built-in feature like this. How many times have you drawn a line and you need to double click it in order to configure the start and end price level so you can make it horizontal? Well, that's not an issue anymore!
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n.zaverskiy
39
n.zaverskiy 2020.05.13 10:25 
 

Your product is simple and awesome. It works perfectly. Is there a chance you could make "default line" settings? For example, if I want my line to be 1 year (not ray)? It would be even more awesome. Anyway, thanks a lot!

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Version 1.1 2023.08.09
Updated version to the new MQL4 platforms.
Now you can select whether the line will be a Ray or not.