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Draw Horizontal Ray by Timeframe and by Color
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) On current timeframe, click over ANY/TARGET candle and then
2) Press 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
- OR USER CAN SET PREFERRED KEY
3) Horizontal Ray will be drawn and the color will base on the current timeframe on preset option.
4) For the Draw of Line/Ray, option must be set if to draw LINE OR RAY; If user select RAY, additional DRAW OF PRICE ON THE RIGHT END.
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.
Additional info upon closed deal project