I've designed the "Previous Day and Week Ranges" indicator to enhance your trading strategy by clearly displaying daily and weekly price levels. This tool shows Open-Close and High-Low ranges for both daily and weekly timeframes directly on your trading chart.
Key Features:
This indicator is ideal for traders aiming to understand market dynamics better, offering insights into potential pivot points and zones of price stability or volatility.
Key Features:
- Potential Support and Resistance: The indicator highlights previous day and week ranges that may serve as key support or resistance levels in subsequent trading sessions.
- Customizable Display Options: Offers the flexibility to show or hide daily and weekly ranges based on your trading needs.
- Color Customization: Adjust the color settings to differentiate between upward and downward movements, enhancing visual clarity and chart readability.
This indicator is ideal for traders aiming to understand market dynamics better, offering insights into potential pivot points and zones of price stability or volatility.
Versionsinformation:
Minor bug fix
Versionsinformation:
Changelog
- Significant code refactor for faster execution.
- Visualizes open-close and high-low values as labels with tooltips for the previous day and week.
- Plots lines and labels for the Point of Control (POC) of the previous day and week.
Versionsinformation:
New functions and type:
- Introduced RangeColors type for improved color management.
- renderLine function for easier creation and updating of lines.
- copyAndClear method to handle data copy and clearing between BarArrays.
Versionsinformation:
nothing important
Versionsinformation:
Added max_bars_back that sets the maximum number of bars that is available for historical reference to prevent cache issue
Versionsinformation:
Fixed issue with lines not being redrawn correctly by using persistent variables for line objects.
Versionsinformation:
max_bars_back fixed
Versionsinformation:
Change log:
- Updated color scheme
- Added transparency to fill color
- getPoc() function changed
Versionsinformation:
Change log:
- getPoc() function uses math.floor now
Versionsinformation:
Chart update