I wrote this for the purpose of saving time while marking up charts by automating the process of drawing and labeling lines at areas of interest on larger
timeframes while still having the option to change the style and size of the lines and labels to adjust for any timeframe and avoid a messy chart.
I also used this as an exercise in menu organization giving users every imaginable option and producing clean readable code.
- This indicator draws a line on the Daily, Weekly, and Monthly bar at the High, Low, Open and Close of each bar as price
tends to react when revisiting these areas.
- Each set of bars has an optional identifying label with its own color set that can be shown with or without the lines
price value, and has drop down menus for size and style of each set of labels.
- Each set of lines has inputs for line/text color, line width and style, and can be hidden if the user doesn't have the need for any particular timeframe.
- Lines and Labels with delete when a new line is created.
- I recommend going into Chart Settings/Status Line and turning off indicator arguments OR moving the script to the top
of the indicator list to avoid an obstructed chart view with this indicators arguments. When Pine allows, I will update it to hide them.
Contains some public domain code from T.V. manuals and tutorial for creating drop down input menus for options.
/ ~For My Pal Jittery~
~ Who likes his clean chart and custom colors~
Added input for label position
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.