OPEN-SOURCE SCRIPT

DW-MTF-Close Price(1W/3D) as Support Line

Updated

This simple study shows closing price of [up to 2] higher timeframes on your chart. Be sure to use a lower timeframe on your chart itself.

Release Notes

Repainting Removed

Release Notes

Updated according to rules (RSI's removed). Code cleaned up.

Release Notes

This Indicator has been enhanced.

In the past, only Close price could used for the 2 support lines. With this update it is possible to select source - Open, High, Low, Close etc. This is especially useful for tracking price movements on e.g. 15m within 4h low and high support lines.

Example 1:
Support line 1 - 1 DAY close
Support line 2 - 3 DAY close
2 support lines for buying and selling above/below.

Example 2:
Support line 1 - 4h LOW
Support line 2 - 4H HIGH
If your current timeframe on chart is 15m, track the prices changes within the LOW/HIGH of 4h

Release Notes

Default colors changed to blue and purple

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?

techno_junkie

Disclaimer

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