Time and Price Based Horizontal line Indicator - Request

September 21st, 2023, 08:40 PM

I'm trying to find something already in existence or create one if not! The premise I know is quite simple and someone with more knowledge of ninjascript than myself can probably whip something up like this in a flash!

Without further delay!

I would like an indicator that would simply place a horizontal line on a price level at a specific time. For example, at 12am I want to know what that opening price is. At 4:15pm I want to have a level for the closing price.

There is also a desire to be able to have price levels for 3 days worth of OHLC instead of just current and prior.

I ran across an indicator called "arbitrary horizontal lines" (or something like that) which gives me another nice idea. If an indicator was similar to that one I just stated but instead of "arbitrarily" placing lines at price levels it would provide multiple lines that would be placed at a price based on what that price was at the specified time.

Anyone able to point me in the right direction or have something like this up their sleeve and want to share it? I would be greatly appreciative.

September 30th, 2023, 08:44 AM

There are a few details missing in your request...

Are you intending to incorporate the line into a strategy, or is it primarily intended as a visual reference point on the chart?
What is the maximum number of lines the indicator should be capable of managing?
Should the line continue indefinitely towards the right side of the chart, or should it terminate at the conclusion of a trading session, a specific time point, or after a certain number of bars?

October 2nd, 2023, 08:21 PM

Thank you for the inquiry, such great questions for the details I failed to mention!

1. I would like to have the ability to build a strategy with these lines accessible as are the built in "priorday" and "currentday" indicators within ninjatrader. The visual reference would be desired as well.

2. Maximum number of lines... I would say 20 MAX. This would cover the OHLC for 3 days prior, the previous week OHLC (if possible the midpoint of the previous week as a level), the midnight price line and a few extra to spare.

3. The desired plotting on the chart would be similar to that of the prior day indicator, it essentially looks back one day and puts those OHLC levels on your current day chart. The goal would be to have the same outcome, going back 2, 3 days as well as previous week. The midnight line would exist until the next time we reach midnight at which point that price will be represented by a new horizontal line.

Please let me know if that answers your great questions and thank you again for the inquiry.

Time and Price Based Horizontal line Indicator - Request

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Time and Price Based Horizontal line Indicator - Request