OPEN-SOURCE SCRIPT
Updated [Mad] Active Line
This is a simple line tool that can give you active feedback based on the closing price.
It is intended for a live chart whose ticker is not changed by the user every 10 minutes, like a general overview of an asset in a higher time frame.
What can it provide:
Price difference from the price to the line
Price at the current collision point
How to use it:
When opened, it requests 2 input points from you.
After you set these 2 points, it will set the "Active Line" for you, like the normal TV line.
One thing to know is that you can't place into the future, so "extend" is always on by default.
and as always, have fun trading the assets up and down :-)
It is intended for a live chart whose ticker is not changed by the user every 10 minutes, like a general overview of an asset in a higher time frame.
What can it provide:
Price difference from the price to the line
Price at the current collision point
How to use it:
When opened, it requests 2 input points from you.
After you set these 2 points, it will set the "Active Line" for you, like the normal TV line.
One thing to know is that you can't place into the future, so "extend" is always on by default.
and as always, have fun trading the assets up and down :-)
Release Notes
added alertsRelease Notes
Additional customisationwidth color and active/deactive per item
Release Notes
Log compensation, (thanks to Bjorgum for the hint also to log the time not only the price)Code cleanup
Release Notes
removing unused functionRelease Notes
minor change-selectable extension direction
Release Notes
typo ..Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.