I am working on a moving average indicator which shows the MA line of a given time frame. For some reason is the MA line only displaced till the last ticker.id period close. So when for example I have set the indicator to show a daily MA the line is only updated when the day closes.
(Link to image https://i.stack.imgur.com/QjkvO.jpg)
Does anyone know how my indicator will be able include data between daily closes, so the line is being updated continuously?
I think this line not being updated continuously also causes the label which is supposed to be plotted right at the MA line being plotted at the 1 point / dollar height on the chart.
I have only recently started writing code, so excuse me if this is a dumb question. I have written this code looking at other indicators and trying to fit parts into my own
This is the code of the entire indicator.
//@version=4
study(title="Custom Timeframe SMA", shorttitle="Custom TF MA", overlay=true)
res = input(title="MA Timeframe", type=input.resolution, defval="D",options=["60", "240", "D", "W"])
length1 = input(title="SMA Length", type=input.integer, defval=50)
Label=input(title="show Labels",defval=true)
sma1 = sma(close, length1)
sourceEmaSmooth1 = security(syminfo.tickerid, res, sma1, barmerge.gaps_on, barmerge.lookahead_on)
plot(sourceEmaSmooth1, style=plot.style_line, linewidth=2, title="25 period", color=#a21e7b)
plotchar((sourceEmaSmooth1 ? Label : barstate.islast and not barstate.isconfirmed) ? sourceEmaSmooth1 : na, location=location.absolute, text=" 50 SMA", textcolor=#a21e7b, offset=10, editable=false)
