Awesome request for range lines indicator

A

abraham

New member
Hi Ben / @korygill , Talented Team,
  • Line in the sand (LIS). I want an aqua colored line drawn using the closing price of the first 5 minute candle in after hours trading (the one from 16:00-16:05). Wherever this candle closes, a horizontal line is drawn in aqua that shows LIS and Price. Based on SHAK today, that line would be at 102.66. No matter what timeframe we move to I want this line to be permanent for the next trading day only. Each day a new line is generated and we don’t see any prior lines.
  • For weekly range lines. I want to a yellow horizontal line drawn from Sunday to Saturday of the next week based on the following. For SHAK this week, the lines would be at 104.82 and 97.79 based on last weeks numbers.
(Prior weekly Range x 0.775) - Prior Range = X
X / 2 = Y
Prior Weekly High - Y = New upper weekly horizontal line
Prior weekly Low + Y = New lower Weekly horizontal line

Last weeks range was 9.07. The high was 105.84 and the low 96.77. So..

[(9.07x0.775)-9.07=2.04
2.04/2=1.02
105.84-1.02=104.82
96.77+1.02=97.79
  • If we can figure this first one out, then the coding for the monthly lines will be easy. The multiplier for monthly is 0.784 and just referencing prior monthly ranges and high/lows. For SHAK, the lines would be at 97.82 and 75.52 based on last months numbers.
  • (Prior Monthly Range x 0.784) - Prior Range = X
    X / 2 = Y
    Prior Monthly High - Y = New upper Monthly horizontal line in pink
  • Prior Monthly Low + Y = New lower Monthly horizontal line in pink
  • For yearly, The multiplier for Yearly is 0.774 and just referencing prior yearly ranges and high/lows. For SHAK, the lines would be at 64.99 and 41.71 based on last years numbers.

  • (Prior Yearly Range x 0.774) - Prior Range = X
    X / 2 = Y
    Prior Yearly High - Y = New upper Yearly horizontal line in blue
  • Prior Yearly Low + Y = New lower Yearly horizontal line in blue
 
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