I've designed the "Previous Day and Week Ranges" indicator to enhance your trading strategy by clearly displaying daily and weekly price levels. This tool shows Open-Close and High-Low ranges for both daily and weekly timeframes directly on your trading chart. Key Features : Potential Support and Resistance: The indicator highlights previous day and week...
Weekly Range Support & Resistance Levels Description: The Weekly Range Support & Resistance Levels analyzes weekly ranges and takes the average range of the last 30 weeks (default setting). It also takes the average +/- a standard deviation, and creates support & resistance levels/zones based on the weekly opening price. The levels will update each week,...
William O'Neil was a big proponent of using weekly charts, often highlighting the significance of 3 or more tight weekly closes, or a sequence of five or more consecutive up weeks. This indicator recognizes both of these conditions providing clear visual cues to signify this institutional buying activity. When three tight weekly closes or more occur a circle will...
This indicator plots the Weekly inside bar and 3 Weekly tight close. i : Weekly inside bar - : Weekly tight close 1. Weekly inside bar (WIB) Which shows the price contraction where the current bar's range is lower than the previous bar's range Conditions: Current bar's low is higher than previous low and high less than the previous bar ...
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...
Weekly Forecast of Fibonacci levels
This is a indicator that I have been developing and personally using for over a year. The basic concept is a dynamic range that is derived from the previous weeks range. The main philosophy followed when designing this indicator was that it should be applicable to all asset classes, and it should provide objective price levels of support and resistance that do...