OPEN-SOURCE SCRIPT
OHLC Means
Note: This indicator works only on daily timeframes.
The indicator calculates the OHLC averages for days corresponding to the day of the last displayed candlestick. For instance, if the last candlestick displayed is Monday, it calculates the OHLC average for all Mondays; if Tuesday, it does the same for all Tuesdays.
Customizable period: The indicator allows you to select the number of candlesticks to analyze, with a default value of 1000. This means it will consider the last 1000 candlesticks before the final displayed one. Assuming there are only five trading days per week, this corresponds to about 200 days. (not true for cryptos, you need to devide by 7)
Example scenario:
Today is Tuesday and we analyse NQ
By default, the indicator analyzes the last 1000 candlesticks (modifiable parameter).
Since there are five trading days in a week,
1000 ÷ 5 = 200
The indicator calculates the OHLC averages for the last 200 Tuesdays, corresponding to the past seven years. Of course it is not exactly 200 becauses the may be one tuesday where the market is closed (if christmas is on tuesday for instance)
Output:
Displays four daily averages as four lines with their levels as labels :
High and Low averages are displayed at the extremes.
Open and Close averages are displayed at the center.
Color coding:
Red indicates bearish movement.
Green indicates bullish movement.
Usage recommendations:
Best suited for assets with a significant historical dataset.
Only functional on daily timeframes.
The indicator calculates the OHLC averages for days corresponding to the day of the last displayed candlestick. For instance, if the last candlestick displayed is Monday, it calculates the OHLC average for all Mondays; if Tuesday, it does the same for all Tuesdays.
Customizable period: The indicator allows you to select the number of candlesticks to analyze, with a default value of 1000. This means it will consider the last 1000 candlesticks before the final displayed one. Assuming there are only five trading days per week, this corresponds to about 200 days. (not true for cryptos, you need to devide by 7)
Example scenario:
Today is Tuesday and we analyse NQ
By default, the indicator analyzes the last 1000 candlesticks (modifiable parameter).
Since there are five trading days in a week,
1000 ÷ 5 = 200
The indicator calculates the OHLC averages for the last 200 Tuesdays, corresponding to the past seven years. Of course it is not exactly 200 becauses the may be one tuesday where the market is closed (if christmas is on tuesday for instance)
Output:
Displays four daily averages as four lines with their levels as labels :
High and Low averages are displayed at the extremes.
Open and Close averages are displayed at the center.
Color coding:
Red indicates bearish movement.
Green indicates bullish movement.
Usage recommendations:
Best suited for assets with a significant historical dataset.
Only functional on daily timeframes.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.