tkarolak

Previous Day and Week Ranges

tkarolak Updated   
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 ranges that may serve as key support or resistance levels in subsequent trading sessions.
  • Customizable Display Options: Offers the flexibility to show or hide daily and weekly ranges based on your trading needs.
  • Color Customization: Adjust the color settings to differentiate between upward and downward movements, enhancing visual clarity and chart readability.

This indicator is ideal for traders aiming to understand market dynamics better, offering insights into potential pivot points and zones of price stability or volatility.
Release Notes:
Minor bug fix
Release Notes:
Changelog
  1. Significant code refactor for faster execution.
  2. Visualizes open-close and high-low values as labels with tooltips for the previous day and week.
  3. Plots lines and labels for the Point of Control (POC) of the previous day and week.
Release Notes:
New functions and type:
  • Introduced RangeColors type for improved color management.
  • renderLine function for easier creation and updating of lines.
  • copyAndClear method to handle data copy and clearing between BarArrays.
Release Notes:
nothing important
Release Notes:
Added max_bars_back that sets the maximum number of bars that is available for historical reference to prevent cache issue
Release Notes:
Fixed issue with lines not being redrawn correctly by using persistent variables for line objects.
Release Notes:
max_bars_back fixed
Release Notes:
Change log:
  • Updated color scheme
  • Added transparency to fill color
  • getPoc() function changed
Release Notes:
Change log:
  • getPoc() function uses math.floor now
Release Notes:
Chart update
Release Notes:
Added new Method to
Initializes the arrays within the `BarArrays` instance to empty arrays.
Release Notes:
Rolling back to the previous version, the method for BarArrays object init has been removed

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 a publication is governed by House Rules. You can favorite it to use it 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.

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