Day Open-Hi-Lo Lines

Definition

The Day Open-Hi-Lo Lines indicator is used to draws lines at Open, High, and Low prices on intraday charts. It inserts 3 horizontal trendlines for every day. The trendlines start at the Open, High and Low values of the day, respectively, and terminate at the last bar of the day. The trendlines are extended to the right and update in real-time as and when a new High or Low appears on the daily bar. To enhance the visibility of the indicator trendlines, the lines are extended slightly to the left of the bar from which the High, Low, or Open price is derived.

Default Plots

OpenColor sets the color for the line that is drawn at today's Open price, red by default.

HighColor sets the color for the line that is drawn at today's High price, yellow by default.

LowColor sets the color for the line that is drawn at today's Low price, cyan by default.

DataNum sets a numerical expression specifying the data number of the series, 1 by default.