User request for Naked Daily Weekly Monthly Opens.
This indicator plots the Daily Weekly Opens (the day after day after creation), they then will stay on the chart until a candle close is completed on the other side of the plot.
In the above chart picture you can see how previous monthly and daily opens have acted as support and resistance.
Thanks go to: StackOverFlow Bjorn Mistiaen
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Disclaimer This indicator works on the daily timeframe and below. To pick up all naked lines move the chart back in time and then back to current price action.
Release Notes
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Update:
User request for different line style options.
User can now change the line style from solid to dashed or dotted.
Release Notes
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Error highlighted by user in comments.
Code updated to resolve issue.
Release Notes
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Script update:
The script will now show totally Naked and Partially Naked Daily / Weekly / Monthly opens.
When looking back a previous price action keeping the partially Naked Opens as an option looks like a promising level for Technical Analysis.
Totally Naked = No price action breaks the level. Partially Naked = Either the close or the open candles (Timeframe dependent) has not occurred below or above the level (dependent on Price Action to the level above or below).
@anshbudania, Strange question, read the title and the description.
This indicator plots the Daily Weekly Opens (the day after day after creation), they then will stay on the chart until a candle close is completed on the other side of the plot.
anshbudania
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@Frien_dd, oh okay got it, I copied the script. Thanks though.
Schloori
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You have done a lot of nice Indicators! What about creating the same but for daily, weekly and monthly naked POCs instead of Opens. Could be much more pivotal
Also, to me it has worked better to erase levels once wicked in their respective time frames. That is, going through the candle bodies is still a valid level for me. Any way to configure code for that option?
MiGAngel
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Thank you for the indicator. Any way for a 4 hour naked open?
MartinWeb
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i wonder you can you add labels to the lines.
edwardgwaldeck
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Could you please convert it to pine script version =5 since it can't be converted automatically? Thank you very much for your help.
monteima
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hi! thank you so much for all the hard work and great scripts. wondering if there's a way to stop the line once it gets crossed by price. this would be, in general, a great feature for monitoring naked markers on the chart. thanks!