OPEN-SOURCE SCRIPT
last week high and low
this script defines the highest and the lowest values of the last week. then illustrate and extend them into current week and future. they are define by blue lines.
in addition, the distance between high and low divided by 4. interior and exterior regions are split by these lines (red lines)
all lines can be considered as static support/resistance.
in addition, the distance between high and low divided by 4. interior and exterior regions are split by these lines (red lines)
all lines can be considered as static support/resistance.
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.
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