Originally I created a 52 Week Highs/Lows/Close indicator (1). Recently I wanted to have a daily bias for the year instead. Since there could be important differences when looking at the Highs/Lows/Close for the last year using the weekly resolution vs the daily resolution.
Once I started customizing the previous indicator, I realized it only made sense to let...
It turned out not to be that easy to plot the close of the previous week in hourly or daily charts. In my first experiments things went wrong on Friday or intraday if you simply use the security function. So here is the thing with an algorithm that guaranties the correct value.
This indicator puts the previous close value of a higher relevant time frame on the chart, it adepts to the period of the chart. Relevant means that it puts:
Close of previous year in monthly chart
Close of previous month in weekly chart
Close of either previous month of week in daily chart, default setting is week
Close of previous week in 4hourly and 3hourly...
This script will color the background based upon whether it is positive or negative for the day. When looking at numerous charts, you can instantly see if they are up or down for the day. For me, I like to be going long on the stocks that are already moving up and short on the ones that are moving down. When using lower time frames, you can lose perspective of...
High probable Long Setups for any time frame and asset.
75+ win rate
Trailing stop always used as exit point
To trade only with the trand - enable MAs in the Inputs tab
x - means Entry signal is active and waiting for long validation
B - on a closed bar is entry signal for long
C - on a developing bar is exit long signal
Green line - long validation line. must...
This will plot your choice of OHLC (or any of the averaging choices) of the current candle compared to the previous candle.
For example if you choose "high" for the input and set the chart to daily, you'll see the currently daily high vs the previous daily high.
Green candle represent a higher high and the length of the candle represents how much higher.
it's a repainting script cheating on tester, on backtesting %100 correct but on forward testing it will only work % 15 correct and %85 wrong. I did another script showing real forward testing results of this script.
I made this to serve as a reminder if a candle is not closed yet. This is to avoid entering a trade based on a candle that is not closed because this candle could look alot different by the time it closes. Good luck.
Draws points (lines) to high low and close. In some trading situations, this method is more convenient than candles or bars.
Рисует точки(линии) по high low и close. В некоторых ситуациях торговли такой способ бывает удобней, чем свечи или бары. На вкус и цвет все фломастеры разные =)...