Similar to the RSI Cave idea, this plots daily Average True Range values on lower timeframes, as well as the daily open level, which is show as a grey dotted line. Basically a simple way to visualise basic mean reversion stuff
this script shows monthly, weekly and daily OHLC data represented as horizontal level.
I tried to make it as user-friendly as possible. Therefore, you can add different colors and styles for each level, as well as turn them on and off.
With the "Label Offset" -parameter you are in control where the label text should appear. You can shift it from left...
This script is an update to a lovely script by BURSATRENDBANDCHART
There original script gave Daily, Weekly and Monthly Highs but I loved the format
Previous Days Highs and Lows
Previous Week High and Low
Previous Day Open
Previous Week Open
Hope this can be of use
Functions for acquiring daily timeframe data by number of prior days.
openD(daysPrior, spec, res) Gets the open for the number of days prior.
daysPrior : Number of days back to get the open from.
spec : session.regular (default), session.extended or other time spec.
res : The resolution (default =...
If the day opened with an Open Drive it will color the first bar of the day in a specified color.
A quick visual check of where Open Drives have occurred.
An Open Drive is when the first 30min period of the day also marked the high or low of that 30min period.
i.e. the day started with a sign of strength.
Helps in determining the relative deviation from the open of the day compared to the high or low values.
hlcDeltaArrays(daysPrior, maxDeviation, spec, res) Retuns a set of arrays representing the daily deviation of price for a given number of days.
daysPrior : Number of days back to get the close from.
Bu komut günlük yüzdesel performansı vermesi üzerine kurgulanmıştır. Kırmızı renkler sıfır altı, yeşil renkler sıfır üstünü gösterir. Daha iyi analiz için haftalık ve aylık ile birlikte kullanılması tavsiye edilir. Bir de fiyat üzerine uygulanan DWMY komutu vardır. Açılış fiyatını grafik üzerine ekler.
The script is simple, going for a color scheme logic which tenderly avoids rigorous signals processing.
For the script to remain simple, logical derivatives are also out; as such, there are no secondary relations built off of primary ones. And it also ignores (unless you do this yourself) the logic in a varying order of lines.
Coloring has been done according...
Repulsion: Price & Volume 1
Proof of concept using the above link and comparisons of price and volume, and one of a series stemming from the so-called Repulsion Engine, now also open sourced, and other indicators from the workbench.
Traffic lights are not accurate.
Like it if you use it, drop a line if you update it -- or if you have...