if is it possible to have any small example for what I'm going to ask it's simple but since I'm new to this code language I could not figure it out yet
i have a calculation formula on excel sheet i want to apply it as simple indicator just a Horizontal line to be appeared according to the result of the formula calculation the formula is " Close * 0.31 / 10 + Close " i want to draw line according to the result
i tried to some ways but the line will not be same position as the Formula
thank you in advance
Built-in hline() function does not accept series argument, to dynamically plot a horizontal line you should use the line.new() function with the equal y1 and y2 argument values, as is shown below:
//@version=5
indicator("hline example", overlay = true)
float y = close * 0.31 / 10 + close
if barstate.islast or barstate.isrealtime
line.new(bar_index, y, bar_index +1, y, extend = extend.both)