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Additional Trading Information #12

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docspagetti opened this issue Dec 29, 2022 · 2 comments
Open

Additional Trading Information #12

docspagetti opened this issue Dec 29, 2022 · 2 comments

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@docspagetti
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Hi, I would like to request a new feature to be displayed.

As a trader it would be great to have the information:
dOpen ... daily open
pdhigh ... previous day high
pdlow ... previoud day low
Information displayed, as horizontal lines.

That would be awesome
cheers

@frittna
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frittna commented Dec 29, 2022

Hi!
could be a good idea but the following things come to my mind regarding these additional lines you mentioned:

-it would not make sense in daily, weekly and monthly candle timeframe

-in samller timeframes like 1min to 15min the lines could get out of the visible range of the last 24 shown candles (because the window is streched to these 24 at the moment) and i would not recomment to scale the whole chart down to show the dOpen/odHigh/pdLow lines (which in many cases would show only a thin boarderline on top and bottom and the candles can get tiny and loose information about the given timeframe. That could look very strange at volatile times i guess.

-in 4h chart it could make sense but in 1h you sometimes have the issue above with pdhigh/pdlow, in 4h it could make sense i admit. maybe it could be a worth a try but I don't know for sure atm

btw: at the moment the data is loaded fom the last 24 candles of the SELECTED timeframe - so 24x open/high/low/close+vol (the last candles' close is the actual price right now).
To know the daily open and predaily h/l they have to be loaded separately when you are not in daiy candle view. Better to calculate them from the 4h candles - where i see the only usecase for that lines.

In the beginning, before i had these cool 24 candles, i was thinking of a very simple type of visualisation in just one big horizontal candle. like this for examle (TradingView)
grafik
but i scrapped the plan when i had the 24candles because there was simply no space left on that tiny display to show a readable visialization of that extra horizontal 1-day candle and instead of this i made the simple "changings over the last 24 or 21 candles" information bar on top

A big compomise after all.

@docspagetti
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docspagetti commented Dec 29, 2022

yes, displaying only on lower timeframes < daily makes sense

yes, stretching is a bad idea. it should only be displayed, when the level is in visible price range of any timeframe.
displaying on lower timeframes makes a lot of sense, because of knowing, when the level is near and a possible market reaction

Would it be easier to only display the dOpen ... it is needed to have a reference how the day progress is. without the value ... just an indication (green horizontal line)

And I love your 24 candles design ... that is awesome

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