OHLC Lines + 50% of the previous candle

2023年6月12日

This indicator automatically put a straight line on the High, Low, Close, and Open and calculates the Consequent Encroachment or the midline (50%) of the previous candle. The calculation for the midline can be based on either the High and Low or the Open and Close. The option to disable OHLC labels is available. The indicator displays the premium and discount areas of the previous candle, allowing for a strategy of buying on discount and selling on premium based on each candle stick.

2023年6月13日

發行說明

Update: The indicator was showing two OHLCs lines in Lower time frames like 1, 2, 3, 4, and 5 minutes. Now it is fixed.
Now you can have the OHLC on a chosen time frame.

2023年6月13日

發行說明

The Open-label was aligned on top of the exact opening price.

2023年6月14日

發行說明

A small bug was fixed: It was preventing only one OHLC to be shown in lower time frames.

2023年6月14日

發行說明

Bugs fixes

2023年6月28日

發行說明

Resolved the overlapping problem
Now when a specific time frame is chosen it can be seen in all time frames. Example: 1 for M1, 60 for H1, 240 for H4, D for Day, etc...

2023年7月27日

發行說明

Name changed to better adapt it to my PO4 strategy.

2023年7月27日

發行說明

Minor bugs fix

2023年8月24日

發行說明

- Fixed a bug that was plotting lines in more than one previous candle.
- It works completely fine in lower time frames now.

2024年8月31日

發行說明

Mostly reserved for my students, I am sharing the premium version of indicator to the general public.
- Cleaner lines
- Name change
- Several bug fix
- Fast and efficient
- Time frame table added

2024年9月13日

發行說明

- Fix OHLC to be at previous candle instead of the current candle.

2024年9月13日

發行說明

- Bugs fixes
- Current time frame selection added

2024年10月23日

發行說明

- Cleaner and better UI
- Bugs fixes
- Lines precision when selected time frame is chose.

2024年12月13日

發行說明

- Option to see multiple previous candles OHLC (Up to 10)