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PDL PWL [Dans]
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PDL PWL [Dans]
Overview:
The PDL PWL indicator is a simple-designed for traders seeking to visualize key price levels derived from previous daily and weekly trading sessions. By incorporating significant price points such as Previous Day High (PDH), Previous Day Low (PDL), Previous Week High (PWH), and Previous Week Low (PWL), this indicator helps to make informed decisions based on historical price action.
Key Features:
Toggle Options:
Easily toggle the visibility of Previous Daily Levels and Previous Weekly Levels. This flexibility allows you to customize your chart according to your trading style and preferences.
Customizable Colors :
Personalize your chart by selecting colors for PDH, PDL, PWH, and PWL.
Equilibrium Levels:
The indicator calculates and displays equilibrium levels (EQ) for both daily and weekly levels.
Dynamic Updates:
The indicator automatically updates at 18:00 NY time, ensuring that you always have the latest previous high and low levels on your chart.
Daily Divider:
A daily divider line is drawn at the start of each trading day, helping you distinguish between trading sessions (daily) easily.
How to Use: Simply add the PDL PWL indicator to your chart, adjust the settings to fit your trading style, and observe how price interacts with the key levels.
Hope you will find this insightful !
Love,
Dans.
Overview:
The PDL PWL indicator is a simple-designed for traders seeking to visualize key price levels derived from previous daily and weekly trading sessions. By incorporating significant price points such as Previous Day High (PDH), Previous Day Low (PDL), Previous Week High (PWH), and Previous Week Low (PWL), this indicator helps to make informed decisions based on historical price action.
Key Features:
Toggle Options:
Easily toggle the visibility of Previous Daily Levels and Previous Weekly Levels. This flexibility allows you to customize your chart according to your trading style and preferences.
Customizable Colors :
Personalize your chart by selecting colors for PDH, PDL, PWH, and PWL.
Equilibrium Levels:
The indicator calculates and displays equilibrium levels (EQ) for both daily and weekly levels.
Dynamic Updates:
The indicator automatically updates at 18:00 NY time, ensuring that you always have the latest previous high and low levels on your chart.
Daily Divider:
A daily divider line is drawn at the start of each trading day, helping you distinguish between trading sessions (daily) easily.
How to Use: Simply add the PDL PWL indicator to your chart, adjust the settings to fit your trading style, and observe how price interacts with the key levels.
Hope you will find this insightful !
Love,
Dans.
Nota Keluaran
Update: PDL PWL (Previous Daily Low / Previous Weekly Low)I noticed that the Daily Divider indicator was not plotting at the exact time (18:00 New York Time) across different markets. To address this issue, I’ve updated the script to ensure that the divider is now consistently plotted at 18:00 UTC-4, which aligns with New York time.
In this version of the indicator:
- A toggle switch has been added to turn the daily dividers on or off, with the default set to "on." You can easily change it based on your preferences.
- There’s an option to adjust the time offset in case you notice any discrepancies in the daily levels on certain markets. You can increase or decrease the offset value to ensure the daily horizontal line is plotted exactly when you need it.
- These updates should make the indicator more reliable across different markets.
Nota Keluaran
Minor fix.Nota Keluaran
Make changes to the scripts. Best RegardSkrip sumber terbuka
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Penafian
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