Price Line and Visible Range High-Low

Category: market_structure

Draws a dynamic real-time price line that changes color based on the current bar direction, plus lines for visible chart highs and lows.

Formula

\\text{Price Line} = \\text{Bid}, \\text{Color} = \\begin{cases} \\text{Bull} & \\text{if } (Close_0 - Open_0) > 0 \\\\ \\text{Bear} & \\text{if } (Open_0 - Close_0) > 0 \\end{cases} \\\\ \\text{Range} = [\\min(Low_{\\text{visible}}), \\max(High_{\\text{visible}})]

Inputs

• PStatus (default: ENABLE)
• ColorType (default: COLOR_CANDLE)
• ColorBull (default: clrLime)
• ColorBear (default: clrRed)
• PriceStyle (default: STYLE_SOLID)
• PriceWidth (default: 1)
• HLStatus (default: ENABLE)
• ColorHigh (default: clrDodgerBlue)
• ColorLow (default: clrOrange)

See signal primitives and every published strategy that uses Price Line and Visible Range High-Low on WOBR StrategyVerse.