25 price level increments plot

[lance]

Hi - is there a ToS study that draws horizontal lines at specific price intervals? I want to draw it for SPX at all level at the 25's e.g. 7700/7725/7750/7775.

 

[mashume]

This one takes an input for the number of lines above and below the current price you want to draw. It calculates them based off the current price, so they will move through the day. It could be frozen to the daily open price if you want. up to 6 lines above and below current price are included here. I made no effort to color code anything or make it nice looking. I leave that to your taste.

declare upper;

def price = close;
input abovebelow = 3;
def null = double.nan;

def rounded = round(price / 25, 0);
def scaled = rounded * 25;
plot curPrice = scaled;
curPrice.setLineWeight(3);

plot above1 = if abovebelow >= 1 then scaled + 25 else null;
plot above2 = if abovebelow >= 2 then scaled + 50 else null;
plot above3 = if abovebelow >= 3 then scaled + 75 else null;
plot above4 = if abovebelow >= 4 then scaled + 100 else null;
plot above5 = if abovebelow >= 5 then scaled + 125 else null;
plot above6 = if abovebelow >= 6 then scaled + 150 else null;

plot below1 = if abovebelow >= 1 then scaled - 25 else null;
plot below2 = if abovebelow >= 2 then scaled - 50 else null;
plot below3 = if abovebelow >= 3 then scaled - 75 else null;
plot below4 = if abovebelow >= 4 then scaled - 100 else null;
plot below5 = if abovebelow >= 5 then scaled - 125 else null;
plot below6 = if abovebelow >= 6 then scaled - 150 else null;

-mashume