OPEN-SOURCE SCRIPT
Step 1: Draw Thursday High
Script Description: Thursday High Marker
This is an automated charting tool designed to identify the high of each Thursday and display it as a key reference level for future trading sessions.
Core Functionality:
The script's logic is simple and precise. It waits for the trading session on Thursday to complete. At the very beginning of Friday, it looks back, finds the highest price from Thursday, and draws a clean, white horizontal line at that level.
Key Features:
Automatic: You don't need to do anything. The script finds and draws the level on its own every week.
Forward-Looking: The line extends to the right indefinitely, allowing you to see how future price action interacts with this key level.
Self-Cleaning: To keep your chart uncluttered, the script automatically deletes the previous week's line when it draws the new one.
Lightweight: It performs a single, simple task, so it doesn't slow down your chart.
Purpose in Trading:
Traders use this kind of indicator to track significant weekly price points. The high of a late-week session like Thursday is often considered an important liquidity level. A break above this line can signal bullish strength or a "liquidity sweep," making it a valuable point of interest for making trading decisions on Friday and into the following week.
This is an automated charting tool designed to identify the high of each Thursday and display it as a key reference level for future trading sessions.
Core Functionality:
The script's logic is simple and precise. It waits for the trading session on Thursday to complete. At the very beginning of Friday, it looks back, finds the highest price from Thursday, and draws a clean, white horizontal line at that level.
Key Features:
Automatic: You don't need to do anything. The script finds and draws the level on its own every week.
Forward-Looking: The line extends to the right indefinitely, allowing you to see how future price action interacts with this key level.
Self-Cleaning: To keep your chart uncluttered, the script automatically deletes the previous week's line when it draws the new one.
Lightweight: It performs a single, simple task, so it doesn't slow down your chart.
Purpose in Trading:
Traders use this kind of indicator to track significant weekly price points. The high of a late-week session like Thursday is often considered an important liquidity level. A break above this line can signal bullish strength or a "liquidity sweep," making it a valuable point of interest for making trading decisions on Friday and into the following week.
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.