Put in the number of outstanding shares in millions and the code draws horizontal lines on specific market cap levels. Code is adjusting for the size of the company.
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//Drawing of horizontal Lines on Market Cap Levels //Put outstanding shares in Millions (e.g. Aapl 4915138000 = 4915.138) SharesOutstandingMillions = 4915.138 DefParam DrawOnLastBarOnly = true MarketCap = SharesOutstandingMillions * close if MarketCap > 250000 THEN //Bigger then 250B, steps of 50B Step = 50 DrawDistance = 0.005 elsif MarketCap < 250000 and MarketCap > 100000 THEN //Between 100B and 250B, steps of 10B Step = 10 DrawDistance = 0.005 elsif MarketCap < 100000 and MarketCap > 25000 THEN //Between 25B and 100B, steps of 5B Step = 5 DrawDistance = 0.007 elsif MarketCap < 25000 and MarketCap > 10000 THEN //Between 10B and 25B, steps of 1B Step = 1 DrawDistance = 0.01 else // lower then 10B, steps of 0.5B Step = 0.5 DrawDistance = 0.01 endif //Number of lines to be drawn for i=0 to 25 do MarketCapLevel = Step * i PriceLevel = (MarketCapLevel * 1000)/SharesOutstandingMillions DRAWHLINE(PriceLevel) DRAWTEXT("#MarketCapLevel#B @ #PriceLevel#", barindex-10, PriceLevel+(DrawDistance*PriceLevel), dialog) COLOURED (0,0,0) next return |
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