This indicator plots the daily open price.
It has a few more options that I thought would be useful. It can plot
the weekly and the monthly open price. If the parameter is selected,
the indicator can extend the previous hi-lo daily levels and plot some
fibs between them.
Another option I thought important is plotting the hi-lo levels of
previous days, weeks or months, so you can easily be aware of an
inside/outside day. You can set the look back period in the
“CountPeriods” parameter.
Once again I made the indicator conditional to the scale of the
timeframe, therefore some lines will be plotted and others won’t,
depending what timeframe you are looking at.
Parameters
Indicator_ON? : activate or deactivate the indicator, without losing your configuration
CountPeriods : How many days/weeks/months is going to plot
Extend_yDaily_levels: Allows to extend yesterday’s Hi-Lo levels
included fibs. It ignores Sunday bar and extends Friday on Monday’s
trading day.
Show_Weekly_Open : plots the weekly open price
Show_Monthly_Open : plots the monthly open price
Show_PreviousDaily : activate or deactivate the plotting of previous days Hi-Lo levels
Line_color_Daily : color for daily levels
Show_PreviousWeekly : activate or deactivate the plotting of previous weeks Hi-Lo levels
Line_color_Weekly : color for weekly levels
Show_PreviousMonthly : activate or deactivate the plotting of previous months Hi-Lo levels
Line_color_Daily : color for monthly levels
H_levels-HiLo Spins
Only for plotting HiLo levels of MN1, W1, H4 and H1 candles in the lower timeframes. Pretty much the same as the original HiLo, but restricted to one timeframe. All these indicators may be used at the same time without issues.
H_HiLo-MN1.zip (mirror)
H_HiLo-W1.zip (mirror)
H_HiLo-H4.zip (mirror)
H_HiLo-H1.zip (mirror)
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History:
Updated: January 22th 2013
Updated: March 16th 2014: v1.01 Revised version. Code shortened. Added W1 and MN1 spins.
