OPEN-SOURCE SCRIPT
Weekly OHLC Levels
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Weekly OHLC Levels Indicator
This indicator plots the previous week's open, high, low, and close (OHLC) levels on the chart for the entire duration of the current week. These levels can be critical for identifying key support and resistance zones, as they often represent psychological levels that traders watch closely.
Features:
Plots previous week’s High (green), Low (red), Open (blue), and Close (purple).
Levels remain visible throughout the current week, providing consistent reference points.
Helps in visualizing how current price action interacts with last week’s important levels.
How to Use:
Use these levels to gauge potential support and resistance areas.
Monitor price reactions around these levels, especially during the beginning of the week, as they can serve as pivot points.
This indicator is suitable for all markets and timeframes, providing valuable insight into price structure relative to weekly market behavior.
This indicator plots the previous week's open, high, low, and close (OHLC) levels on the chart for the entire duration of the current week. These levels can be critical for identifying key support and resistance zones, as they often represent psychological levels that traders watch closely.
Features:
Plots previous week’s High (green), Low (red), Open (blue), and Close (purple).
Levels remain visible throughout the current week, providing consistent reference points.
Helps in visualizing how current price action interacts with last week’s important levels.
How to Use:
Use these levels to gauge potential support and resistance areas.
Monitor price reactions around these levels, especially during the beginning of the week, as they can serve as pivot points.
This indicator is suitable for all markets and timeframes, providing valuable insight into price structure relative to weekly market behavior.
Note di rilascio
Weekly OHLC Levels IndicatorThis indicator plots the previous week's open, high, low, and close (OHLC) levels on the chart for the entire duration of the current week. These levels can be critical for identifying key support and resistance zones, as they often represent psychological levels that traders watch closely.
Features:
Plots previous week’s High (green), Low (red), Open (blue), and Close (purple).
Levels remain visible throughout the current week, providing consistent reference points.
Helps in visualizing how current price action interacts with last week’s important levels.
How to Use:
Use these levels to gauge potential support and resistance areas.
Monitor price reactions around these levels, especially during the beginning of the week, as they can serve as pivot points.
This indicator is suitable for all markets and timeframes, providing valuable insight into price structure relative to weekly market behavior.
Script open-source
In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.
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