It's useful when you're trading in a smaller time-frame (example: 1H or 4H) to know exactly the weekly low and high, and whether the price breaks above or below this price lines.
This indicator allows you:
- To select the desired time-frame to get the Low and High.
- To print an optional for the same time-frame.
- To optionally change the bar-color when the close price crosses above the weekly high or crosses below the weekly low.
Hope this helps you to visually identify price movements.
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