This indicator displays x number of unit's of time's open, high, low, close. Default view is a weekly segment 1 unit back. There are many strategies you can deploy using this indicator. One of them is to look at how price acts around the "mid" line. It can get sticky around that area. If price rejects or passes through, there is a good chance of test of the "low" level.
*Resolution: basis for calculating open, high, low, and closing lines.
*Lookback Period 1: amount of time to look back. There is no limitation of number of period to lookback.
0 = calculate using current period
1 = calculate lines using data from previous resolution period (recommended default)
2 = calculate using data from 2 units of resolution previously.
*Line size: thickness of all the lines in the chart.
Previous week's CME closing line is displayed automatically on BTCUSD and BTCPERP charts. You can disable this on the setting's style menu.
*Resolution: basis for calculating open, high, low, and closing lines.
*Lookback Period 1: amount of time to look back. There is no limitation of number of period to lookback.
0 = calculate using current period
1 = calculate lines using data from previous resolution period (recommended default)
2 = calculate using data from 2 units of resolution previously.
*Line size: thickness of all the lines in the chart.
Previous week's CME closing line is displayed automatically on BTCUSD and BTCPERP charts. You can disable this on the setting's style menu.
Versionsinformation:
Added ligma
Versionsinformation:
Ligma 2