//@version=4
study("Vertical line", overlay=true, scale=scale.none)
// scale.none means do not resize the chart to fit this plot
// if the bar being evaluated is the last baron the chart (the most recent bar), then cond is true
cond = barstate.islast
// when cond is true, plot a histogram with a line with height value of 100,000,000,000,000,000,000.00
// (10 to the power of 20)
// when cond is false, plot no numeric value (nothing is plotted)
// use the style of histogram, a vertical bar
plot(cond ? 10e20 : na, style=plot.style_histogram)
Overview
Vertical line checks whether the current bar is the latest bar on the chart and renders a tall histogram bar using an extreme numeric value to span the chart height. Because the indicator uses scale none, the large plot value does not distort the price scale. It contains no customizable user inputs and does not generate trading signals or trade executions.
Vertical line plot on the latest bar
Histogram styling with extreme height value
Independent scaling without price chart distortion
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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