OPEN-SOURCE SCRIPT
Period Open
A very simple indicator that displays the Open of the specified Timeframe
How to use this indicator?
1. Directional Bias
2. Support / Resistance
Each Period Open can be used as Support or Resistance
3. Take Profit Targets
Each Period Open can be used as targets for taking profit
How to use this indicator?
1. Directional Bias
- Bullish => Closing Price > Period Open
- Bearish => Closing Price < Period Open
2. Support / Resistance
Each Period Open can be used as Support or Resistance
3. Take Profit Targets
Each Period Open can be used as targets for taking profit
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.
Disclaimer
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