OPEN-SOURCE SCRIPT
Updated X OHL
designed to plot significant levels—closed higher timeframe High, Low, Open, and an Equilibrium (EQ) level and current Open—on the current chart based on user-defined higher timeframes (HTFs). It helps traders visualize HTF price levels on lower timeframes for confluence, context, or decision-making.
Key Functional Components:
Configurable Inputs:
Visibility Toggles for:
How It Works:
For each selected timeframe:
Draws Horizontal Lines:
Labels:
Anchoring:
Lines and labels are redrawn on the start of each new HTF bar to ensure accuracy and relevance.
Key Functional Components:
Configurable Inputs:
- Four Timeframes: Customizable (default: 1H, 4H, D, W).
Visibility Toggles for:
- Previous High (pHigh)
- Previous Low (pLow)
- EQ (midpoint between high and low)
- Current Open
- Previous Open
How It Works:
For each selected timeframe:
- retrieves OHL Data
- Previous high/low (high[1], low[1])
- Current and previous open
- EQ is calculated as midpoint: (high + low) / 2
Draws Horizontal Lines:
- Lines are drawn from the candle where the HTF bar opens and extended until timeframe switch. Lines extends a few bars beyond current to assist in visualization
Labels:
- On the most recent bar, each level is labeled with a description (pHigh 1H, EQ 6H, etc.).
- Labels are customizable (size, color, background).
Anchoring:
Lines and labels are redrawn on the start of each new HTF bar to ensure accuracy and relevance.
Release Notes
clean upRelease Notes
added fib levels equal to 0.5, 1.0, 1.5 of previous range applied from current Open. Release Notes
Added feature to retain historical open for the third timeframe in the settings. Release Notes
fixed image Release Notes
clean up Release Notes
added option for all historical opens for three of the timeframe optionsRelease Notes
clean up and fixed photoOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.