OHLC
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This tool is designed to provide traders with a quick and clear summary of price action by displaying key performance statistics directly on the trading chart. Rather than cluttering your screen with complex graphs, it focuses on delivering high-level data points that help you understand the current market environment at a glance.
How it Works
The script automatically identifies and retrieves four essential price metrics for two specific timeframes: Yesterday and Today. These metrics are the "OHLC" values—Open, High, Low, and Close.
For each of these periods, the tool calculates and displays the following information:
- Open: The price at which the market started.
- High: The maximum price reached during that timeframe.
- Low: The minimum price reached during that timeframe.
- Close: The final price recorded at the end of the period.
- Range: A calculated value showing the total distance between the highest and lowest prices, expressed in points.
Key Benefits for Traders
By presenting this data in a simplified text format on your screen, the tool eliminates the need to manually scroll back through historical charts to find previous prices. It allows you to:
- Compare Volatility: Easily see how much price movement occurred yesterday compared to today by looking at the "Range" figures.
- Identify Support and Resistance: Quickly note the highs and lows of the previous day to identify significant price levels where the market might react.
- Monitor Current Progress: Track today's progress against yesterday's benchmarks to determine if the current market trend is expanding or contracting.
In essence, this script serves as a real-time dashboard, providing a snapshot of the market's "footprint" so you can make more informed decisions based on historical context.
/*-----------------------------+
| |
| Shared by www.Aptrafx.com |
| |
+------------------------------*/
//+------------------------------------------------------------------+
//| OHLC |
//| Copyright © 2006, Robert Hill |
//| http://www.metaquotes.net/ |
//| |
//| |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2006, Robert Hill "
#property link "http://www.metaquotes.net/"
//---- indicator settings
#property indicator_chart_window
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
return(0);
}
int start()
{
Comment("Yesterdays ",
"O: " + DoubleToStr(iOpen(Symbol(), 1440, 1),Digits),
", H: " + DoubleToStr(iHigh(Symbol(), 1440, 1),Digits),
", L: " + DoubleToStr(iLow(Symbol(), 1440, 1),Digits),
", C: " + DoubleToStr(iClose(Symbol(), 1440, 1),Digits),
" Range = " + DoubleToStr( (iHigh(Symbol( ), 1440, 1) - iLow(Symbol( ), 1440, 1) ) / Point,0),"\n",
"Todays ",
"O: " + DoubleToStr(iOpen(Symbol(), 1440, 0),Digits),
", H: " + DoubleToStr(iHigh(Symbol(), 1440, 0),Digits),
", L: " + DoubleToStr(iLow(Symbol(), 1440, 0),Digits),
", C: " + DoubleToStr(iClose(Symbol(), 1440, 0),Digits),
" Range = " + DoubleToStr( (iHigh(Symbol( ), 1440, 0) - iLow(Symbol( ), 1440, 0) ) / Point,0),"\n");
return(0);
}
//+------------------------------------------------------------------+
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