Closing momentum calculates the moving averages of closes and highs vs previous highs plus those of closes and lows vs previous lows to create momentum moving averages. Closes above/below previous highs/lows are weighted more strongly than new high or low wicks above/below a previous highs or lows. If momentum is up, the background will shade green; brighter is...
This script shows the % difference between the candle closes and a user input resolution close. For example, by default the resolution is set to 4 hours. The oscillator will show the difference between the candle closes and the ongoing 4 hour close levels. If the candle close is above, the oscillator will be above zero, below the close, below zero. Thresholds...
The RexDog Hour Close Lines plots the last 4 previous hour (60 minute) closes. Extremely helpful indicator for traders who trade on lower timeframes below the 60. The plotted lines are also offset to represent that hours close location on the chart-- but keep the below in mind. The offset is set for a default resolution of 5 minutes. In that chart timeframe, the...
It's kind of annoying no having a reference of higher time frames when trading intraday. This script is one level from the "closes" script, but as an individual script, this allows more historical closes to be observed at once. Shows daily closes from the exact candle, regardless of time frame. Number of lines plotted is limited by tradingview/pinescript,...