OHLC Lines + 50% of the previous candle

2023년 6월 12일

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.

2023년 6월 13일

릴리즈 노트

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.

2023년 6월 13일

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

2023년 6월 14일

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

2023년 6월 14일

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Bugs fixes

2023년 6월 28일

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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...

2023년 7월 27일

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Name changed to better adapt it to my PO4 strategy.

2023년 7월 27일

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Minor bugs fix

2023년 8월 24일

릴리즈 노트

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

2024년 8월 31일

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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

2024년 9월 13일

릴리즈 노트

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

2024년 9월 13일

릴리즈 노트

- Bugs fixes
- Current time frame selection added

2024년 10월 23일

릴리즈 노트

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

2024년 12월 13일

릴리즈 노트

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