How To Plot OHLC Values?

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Goals

The script plots four lines on the chart:

• The open price in blue.

• The high price in green.

• The low price in red.

• The close price in white.

Pine Script Code

//@version=5
indicator("Plot OHLC")

plot(open, color=color.blue)
plot(high, color=color.green)
plot(low, color=color.red)
plot(close, color=color.white)

Code Output

Explanation

1. Version Declaration:

//@version=5

• This line specifies that the script is written in Pine Script version 5.

2. Indicator Declaration:

indicator("Plot OHLC")

• This line defines a new indicator named "Plot OHLC". When this script is applied to a chart, this name will be shown in the list of applied indicators.

3. Plotting Open Value:

plot(open, color=color.blue)

• plot(open, color=color.blue): The plot function is used to draw a plot on the chart.

• open: This is a built-in variable in Pine Script that represents the opening price of the current bar.

• color=color.blue: This specifies that the plot of the open price will be colored blue.

4. Plotting High Value:

plot(high, color=color.green)

• plot(high, color=color.green): The plot function is used to draw a plot on the chart.

• high: This is a built-in variable in Pine Script that represents the highest price of the current bar.

• color=color.green: This specifies that the plot of the high price will be colored green.

5. Plotting Low Value:

plot(low, color=color.red)

• plot(low, color=color.red): The plot function is used to draw a plot on the chart.

• low: This is a built-in variable in Pine Script that represents the lowest price of the current bar.

• color=color.red: This specifies that the plot of the low price will be colored red.

6. Plotting Close Value:

plot(close, color=color.white)

• plot(close, color=color.white): The plot function is used to draw a plot on the chart.

• close: This is a built-in variable in Pine Script that represents the closing price of the current bar.

• color=color.white: This specifies that the plot of the close price will be colored white.

Keywords

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