Chart Time and Price Range

14 ene 2023

It is easy to loose track of time and price volatility when the chart automatically scales to the bars on the chart. This helps you keep track.

This is a very simple indicator that is designed to ensure that you're looking at a segment of the chart that is relevant to the trade you're considering in both price distance and time.

The Problem:
When looking at a chart the lowest price is at the bottom of the screen, the highest price is at the top. The time at the beginning of the chart is based on how many bars and what timeframe you're looking at.
But is the price difference between the two wide or narrow? Are you seeing minutes, hours, or days of price action?
You can get the measure tool out, but you'll change the zoom level and now its different. You change the timeframe and its different.

This Solution:
This indicator puts a table on the screen that will tell you the X/Y distance of everything that is on your chart. If your hold period is 5 minutes, why would you be looking at 3 days of price action to find s/r or make a decision on a trade?
This will show you how much price opportunity was available in the amount of time you are currently viewing. Using the PineCoders VisibleChart library, we're retrieving the time and bar_index of the beginning of the chart so that everything that is currently on the chart is measured and it adapts as that changes.

It will work with light and dark themes (you can change the colors) and can be positioned wherever you prefer to see the information.

Disclaimer: This was a quick release script. I wrote it and published the same day. There could be bugs, so send me a message or add a comment to report anything that isn't behaving correctly.