OPEN-SOURCE SCRIPT
GL_Prev Week High
The GL_Prev Week High Indicator is a powerful tool designed to enhance your trading analysis by displaying the previous week's high price directly on your chart. With clear and customizable visuals, this indicator helps traders quickly identify critical price levels, enabling more informed decision-making.
Key Features:
Previous Week's High Line:
Displays the previous week's high as a red line on your chart for easy reference.
Customizable Horizontal Line:
Includes a white horizontal line for enhanced clarity, with adjustable length, color, and width settings.
All-Time High Tracking:
Automatically tracks the all-time high from the chart's history and places a dynamic label above it.
Real-Time Updates:
The indicator updates in real-time to ensure accuracy as new bars are added.
User Inputs for Personalization:
Adjust the left and right span of the horizontal line.
Customize line width and color to suit your preferences.
Use Case:
This indicator is ideal for traders looking to integrate the previous week's high as a key support or resistance level in their trading strategy. Whether you are analyzing trends, identifying breakout zones, or planning entry/exit points, this tool provides valuable insights directly on the chart.
How to Use:
Add the indicator to your chart.
Customize the settings (line length, width, and color) through the input panel to match your preferences.
Use the red line to track the previous week's high and the label to monitor all-time highs effortlessly.
License:
This script is shared under the Mozilla Public License 2.0. Feel free to use and adapt the script as per the license terms.
Key Features:
Previous Week's High Line:
Displays the previous week's high as a red line on your chart for easy reference.
Customizable Horizontal Line:
Includes a white horizontal line for enhanced clarity, with adjustable length, color, and width settings.
All-Time High Tracking:
Automatically tracks the all-time high from the chart's history and places a dynamic label above it.
Real-Time Updates:
The indicator updates in real-time to ensure accuracy as new bars are added.
User Inputs for Personalization:
Adjust the left and right span of the horizontal line.
Customize line width and color to suit your preferences.
Use Case:
This indicator is ideal for traders looking to integrate the previous week's high as a key support or resistance level in their trading strategy. Whether you are analyzing trends, identifying breakout zones, or planning entry/exit points, this tool provides valuable insights directly on the chart.
How to Use:
Add the indicator to your chart.
Customize the settings (line length, width, and color) through the input panel to match your preferences.
Use the red line to track the previous week's high and the label to monitor all-time highs effortlessly.
License:
This script is shared under the Mozilla Public License 2.0. Feel free to use and adapt the script as per the license terms.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Want to use this script on a chart?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.