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horizontal lines for indicator like the priceline


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horizontal lines for indicator like the priceline

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  #1 (permalink)
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before i got to the indicatorsection i like to ask you guys if it is possible to add a line to an indicator like the rsi. I have the priceline in my chart which draws a line of the current price horizontal in the past. The ssme i would like to have for my indicators. The reason is to see better divergenz.
Thanks and sorry for my english...

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Market Wizard
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fossil View Post
before i got to the indicatorsection i like to ask you guys if it is possible to add a line to an indicator like the rsi. I have the priceline in my chart which draws a line of the current price horizontal in the past. The ssme i would like to have for my indicators. The reason is to see better divergenz.
Thanks and sorry for my english...

Could you please post the indicator, which you use? I can probably modify it to do what you wish.

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  #4 (permalink)
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wich come with Ninjatrader

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Market Wizard
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fossil View Post
wich come with Ninjatrader

I was asking for a link to the price line indicator.... But never mind.

Here is a simple way to create your own price line indicator from any other indicator.

-> add the RSI to your chart on panel 2
-> add the RSI to your chart on panel 2 again
-> for the second RSI set the RSI plot to red, and the Avg plot to transparent
-> the select the plotstyle "HLine" for the RSI

and apply. Now you have your Priceline indicator for the RSI.


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Fat Tails View Post
I was asking for a link to the price line indicator.... But never mind.

Here is a simple way to create your own price line indicator from any other indicator.

-> add the RSI to your chart on panel 2
-> add the RSI to your chart on panel 2 again
-> for the second RSI set the RSI plot to red, and the Avg plot to transparent
-> the select the plotstyle "HLine" for the RSI

and apply. Now you have your Priceline indicator for the RSI.


Hello @Fat Tails,

Here's the priceline indicator.

Rick

"If you're going to panic during a trade............. panic early."
Attached Files
Register to download File Type: zip PriceLineWH.zip (2.2 KB, 343 views)
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Market Wizard
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trs3042 View Post
Hello @Fat Tails,

Here's the priceline indicator.

Rick


@fossil: This modified version of the PriceLine indicator also allows you to apply to indicators. Just select the RSI plot as Input series and then apply it to the same panel as the RSI.

But you can also apply the RSI a second time and make the few changes as indicated above.

Attached Files
Register to download File Type: zip PriceLineWH2.zip (2.2 KB, 430 views)
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  #8 (permalink)
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both are working very well !!

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  #9 (permalink)
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Fat Tails View Post
@fossil: This modified version of the PriceLine indicator also allows you to apply to indicators. Just select the RSI plot as Input series and then apply it to the same panel as the RSI.

But you can also apply the RSI a second time and make the few changes as indicated above.


Would it be possible to add a modification that draws 2 more lines at an offset? I like seeing my fixed target and stop as price moves to see if I want to enter a trade. Thanks!

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