The weighted close isn't an option for an input yet on TV so here is my contribution. It gives more weight to the close prices and I have included a signal line to look for buy and sell signals. Buy when the indicator goes over its signal line and sell when it falls below it.
This was a special request so let me know what other scripts you would like to see me...
Some strategies depend on a higher or lower close than the previous bar's close. With lower time frames and small bars, this can be time consuming. The indicator reduces the time for such decisions by colour indicating the condition. A higher close than the previous bar is denoted by a green dot at the bottom of the screen, red for a lower close and blue for an...
This revision is an open Public release, with just some minor changes. It is a revision of the Strategy "Open Close Cross Strategy R2" originally published by @JayRogers.
*** USE AT YOUR OWN RISK ***
JayRogers : "There are drawing/painting issues in pinescript when working across resolutions/timeframes that I simply cannot fix here.. I will not be putting any...
A SuperTrend like indicator based on highest and lowest candle close from a few bars back. It looks almost the same as Donchian Channels but with a dominant trend direction inside (Black line).
Uptrend: Candle closed higher than highest close
Downtrend: Candle closed lower than lowest close
This works best on higher time frames since a daily close is more...
This is just a review of Open Close Strategy By @JayRogers and edition By JustUncleL
// Credits To
// Original Author: @JayRogers
// Revision Author: JustUncleL revisions 3, 4, 5
// Actual Version: @guikroth
i Just change some parameters and set Alerts Buy And Sell to TV.
This Script use "Security" function, so maybe its repainting
This indicator will simply plot on your chart the Daily/Weekly/Monthly previous candle levels.
The "Auto" mode will allow automatic adjustment of timeframe displayed according to your chart.
Otherwise you can select manually.
Indicator plots the open/close and colors the high-low range area in the background.
Hope this simple indicator will help you !
This revision of this indicator is an Open Public release. The indicator alert based on JayRogers "Open Close Cross Strategy R2" and is used in conjunction with the revised "Open Close Cross Strategy R5".
This indicator alert created for TradingView alarm sub-system (via the alertcondition() function, which currently does not work in a ...
This script allows you to set breakout alerts.
An alert will be triggered only when price breaks and closes beyond the specified prices. You will get an alert on the first candle that closes beyond the levels you set.
this script shows monthly, weekly and daily OHLC data represented as horizontal level.
I tried to make it as user-friendly as possible. Therefore, you can add different colors and styles for each level, as well as turn them on and off.
With the "Label Offset" -parameter you are in control where the label text should appear. You can shift it from left...
I have recently been reading How to Day Trade for a Living by Andrew Aziz and one of the important support and resistance levels he talks about is the Previous Day Close Price.
I did not find an indicator that would simply plot this so I wrote a short simple pine script to plot the indicator.
Please feel free to edit or suggest improvements.
Quick dirty code for personal use. Plots previous OHLC levels based on a selected time-frame on the chart.
Not bad if you want to see different time-frame levels.
Fill function can serve to highlight the daily range (high-low or open-close) on non-standard charts
Uses base code from JayRogers
This will place circles on your chart for the opening daily price. If price is above, the circles are green. If price is below, the circles are red. I wanted to be able to see the opening price a bit easier while in smaller time frames.
I decided to add the previous daily closing line to the original script. Basically looking for good support / resistance
Generates buy or sell signal if monthly candle closes above or below the signal MA.
Long positions only.
-Change timeframe MA
-Change period MA
-Use SMA or EMA
-Use another ticker as signal
-Select time period for backtesting
This script is not necessarily written to maximize profits, but to minimize losses.
Although it can outperform 'Buy &...