EXPERIMENTAL: previous custom time window median price and current time window open price in a neat package :p
EXPERIMENTAL: this script can be used as a trend follower if bgcolor is active, it can be used to catch extremes and target levels for a pull back to the mean, can be used as support and resistance with the time period open price and extreme. other uses, improvements let me know :p.
EXPERIMENTAL: update, added lvl 50 rsi median level.
EXPERIMENTAL: update to previous version, added a average of the fractal levels and the ability to hide the diferent components.
EXPERIMENTAL: fixed some issues, found some more. doesnt work on unconventional resolutions ex:. 240minutes.
EXPERIMENTAL: theres some issues, like not being able to read sidney's open bar on the start of the week, so use this cautiously :p
Cheap horizontal levels on chart idea is: When spread is low and volume is high, then price is well accepted and will be retested in future. Areas without such "market efficiency" will be passed fast without stopping or rejected.
study is still in early phase of development and is a bit slow loading be patient. Absolute levels based on historic highest high value and time frame. looking for feedback ;)
Cueing Off Support And Resistance Levels, by Thom Hartle The related article is copyrighted material from Stocks & Commodities.