The "Weekly OHLM" is a versatile utility indicator designed for traders who focus on weekly price movements. This indicator offers a comprehensive view of an asset's weekly price range and dynamic signaling features. Here's a summary of its key functionalities and how it works: Weekly Price Levels: The indicator plots three critical levels based on weekly price...
"Hello, first of all, I believe that the most important levels to look at are the weekly Fibonacci levels. I have planned an indicator that automatically calculates this. It models a range based on the weekly opening, high, and low prices, which is well-detailed and clear in my scans. I hope it will be beneficial for everyone. ***The logic of the...
Hello Traders, the script below is designed to display the monthly, weekly, previous days' and current days' open, close, high and low. I designed it to assist in top down analysis by knowing the monthly and weekly opens and closes it makes it a lot easier to make trading decisions on the lower timeframes. As the user you can choose which price values you'd like...
1 -Objective "What is the ''best'' day to trade .. Monday, Tuesday...." This script aims to determine if there are different results depending on the day of the week. The way it works is by dividing data by day of the week (Monday, Tuesday, Wednesday ... ) and perform calculations for each day of the week. 1 - Objective 2 - Features 3 - How to use (Examples) 4...
Intraday Indicator: #MRP_WEEKLY_LEVEL This indicator plots support and resistance levels based on fibonnaci levels for the entire week. 1. Understanding The Levels: Intermediate Zone is two pink coloured lines. Resistance is two blue coloured lines above intermdiate zone. Support is two blue coloured lines below intermediate zone. Buy target and Sell Target 1 &...
Shows the days on which highs and lows for a week occurred (Sunday through Saturday). Yeah, you could download data feeds and write some Python, but not everybody wants to do that. Usage: Get probability on your side when entering or taking profits. If 60% of the weekly lows are on a Tuesday, what day probably works best to buy? Keep in mind that many...