How To Plot Previous Close Value?

Yaser Rahmati | یاسر رحمتی

Goals

The script plots two lines on the chart:

• The current close value in red.

• The previous close value in white.

Pine Script Code

//@version=5
indicator("Plot Previous Close")

// This is the current close value
plot(close, color=color.red)

// This is the previous close value
plot(close[1], 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 Previous Close")

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

3. Current Close Value:

plot(close, color=color.red)

• plot(close, color=color.red): 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 (candlestick).

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

4. Previous Close Value:

plot(close[1], color=color.white)

• plot(close[1], color=color.white): Again, the plot function is used to draw a plot.

• close[1]: This represents the closing price of the previous bar. In Pine Script, appending [1] to a variable references its value from one bar ago.

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

Keywords

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