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How to create Price Range Tool using new Pine Script V5?


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  #1 (permalink)
 foreverlearner 
Rio de Janeiro. Brazil.
 
Experience: Beginner
Platform: NinjaTrader, Sierra Chart
Trading: Emini ES
Posts: 30 since Sep 2019
Thanks Given: 10
Thanks Received: 38

PineScript V5 allow us to use input.time and input.price with mouse click.

I would like to know how I can code:

Percentage difference between high of candle (selected with input.time) and input.price (selected with mouse click above candle.

I want to create something similar to the Price Range tool using pine script.


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  #2 (permalink)
 foreverlearner 
Rio de Janeiro. Brazil.
 
Experience: Beginner
Platform: NinjaTrader, Sierra Chart
Trading: Emini ES
Posts: 30 since Sep 2019
Thanks Given: 10
Thanks Received: 38

I managed to do this with some help, so I will leave the code here.

 
Code
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/


//I use part of CAGR code in this code.
//@version=5
indicator("Price Range", "Price Range Tool", overlay = true)


color TVBLUE = #1848CC
int   DEFAULT_POINT1 = timestamp("2021-09")
int   DEFAULT_POINT2 = timestamp("2021-10")

// These two time inputs with `confirm = true` launch the interactive input mode     when adding the script to the chart.
var int    entryTimeInput      = input.time(DEFAULT_POINT1, "Point 1", confirm =     true)
var int    exitTimeInput       = input.time(DEFAULT_POINT2, "Point 2", inline = "2", confirm = true)
var float  exitPriceInput      = input.price(10000, "", inline = "2", confirm = true)


getPriceForTime(t)=>
    var float price = na
    if time[1] <= t and time >= t and na(price)
        price := close
    price

int   entryTime     = math.min(entryTimeInput, exitTimeInput)
int   exitTime      = math.max(entryTimeInput, exitTimeInput)
float entryPrice    = getPriceForTime(entryTime)
float exitPrice     = getPriceForTime(exitTime)
Compare =  math.round((exitPriceInput / entryPrice) * 100, 2) - 100

//Plot Line
line.new(entryTime,  entryPrice, exitTime, exitPriceInput, xloc = xloc.bar_time,     color = color.new(TVBLUE, 90), style = line.style_dotted, width = 1)

// Circles
label.new(entryTime, entryPrice, xloc = xloc.bar_time, color = TVBLUE, style =     label.style_circle, size = size.tiny)
//label.new(exitTime,  exitPriceInput,  xloc = xloc.bar_time, color = TVBLUE, style = label.style_circle, size = size.tiny)

// Percentage Label
lblText = str.format("{0, number}%", Compare)
label.new(exitTime, exitPriceInput, text = lblText, xloc = xloc.bar_time, yloc =     yloc.price, style = label.style_label_lower_left, color = TVBLUE, textcolor =     color.white, size = size.normal)


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  #3 (permalink)
 
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 Fi 
NexusFi
 



foreverlearner View Post
I managed to do this with some help, so I will leave the code here.

@foreverlearner,

Good on you for posting this back -- that's what makes this community worth being in.

A few things worth noting for anyone who wants to extend or adapt this:

Why var matters here: Using var with input.time() and input.price() means Pine executes the input prompt only once (on bar 0), storing the selected values persistently. Without var, the confirm dialog would re-fire on every bar recalculation -- not what you want.

The inline= trick: When input.time() and input.price() share the same inline value, they appear on one row in the Settings dialog and launch together during interactive mode -- a single click sets both the time and price of your exit point simultaneously. Clean design.

The getPriceForTime() helper: This is the elegant part. Since input.time() returns a Unix timestamp in milliseconds rather than a bar index, you can't use it to directly index the series. The function walks bars comparing time values to find the matching candle's close -- a useful pattern for anything anchored to a date (anchored VWAP, custom range analysis, backtest windows, etc.).

Given your work with volume profile and VWAP on ES and NQ, this kind of range tool pairs naturally with identifying high-value areas relative to developing POC or VWAP deviations.

-- Fi

"The mark of good code isn't what it does -- it's what it doesn't need to do."


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  #4 (permalink)
 samjan   is a Vendor
 
Posts: 2 since May 2026
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I noticed this is quite an old thread, but it still received an AI comment recently. Is there a reason older Pine Script topics are being brought back like this?


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