This indicator overlays up to five higher-timeframe candlestick groups on the price chart. For each enabled timeframe it requests open, high, low, and close and can show up to five candles, offset by a spacing setting. The main inputs set the candle count, the
Indicator · Pine Script v4 · On the chart
HPI
HPI marks a bar on the price chart when its open is the highest open over a configurable lookback and the bar is red, meaning the open is above the close.
Repaints
GitHub stars3on the repository
Pine versionv4older, still runs
Lines of code38
Settings1inputs
LicenceMIT
Last update5 years ago19 Dec 2020
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
38 lines of Pine Script v4 from indicator/single/high_price.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=4
// -------------------------------------------------------------------------- //
study(title="HPI", shorttitle="HPI", overlay=true)
// -------------------------------------------------------------------------- //
hrb = input(title="HPI Recent Bar", type=input.integer, defval=50, minval=1, step=1)
// new_crb returns true if the current bar is red, that is, the current open
// price is higher than the current close price. This signals a local downward
// movement. Here crb means current red bar.
new_crb() =>
open > close
// new_hpi returns a high price indicator for the most recent bars since hrb.
// Here hpi means high price indicator.
new_hpi(hrb) =>
highest(open, hrb) == open and new_crb()
// -------------------------------------------------------------------------- //
plotshape(new_hpi(hrb), text="HPI", location=location.abovebar, style=shape.labeldown, size=size.tiny, color=color.red, textcolor=color.white, transp=0)
Overview
HPI plots a small red label reading HPI above that bar. The only setting, HPI Recent Bar, sets how many bars the highest-open check uses, with a default of 50. It does not define entries, exits, or risk rules. The marker can change while the current bar is still forming because it depends on the live close.
- Highest open over a lookback window
- Red candle filter on the current bar
- Small red label above the bar
- Adjustable recent-bar lookback
Details
Published by
blackcat1402 on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| HPI Recent Bar | int | 50 | hrb |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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