This indicator will simply plot on your chart the Daily/Weekly/Monthly previous candle levels.
The "Auto" mode will allow automatic adjustment of timeframe displayed according to your chart.
Otherwise you can select manually.
Indicator plots the open/close and colors the high-low range area in the background.
Hope this simple indicator will help you !
You...
HLC Plots
Draws points (lines) to high low and close. In some trading situations, this method is more convenient than candles or bars.
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Рисует точки(линии) по high low и close. В некоторых ситуациях торговли такой способ бывает удобней, чем свечи или бары. На вкус и цвет все фломастеры разные =)
Highest High and Lowest Low within a given length. Default is 260 bars (approx 1 year)
Separated in 3 thirds with 2 middle lines. Lowest third, middle third and highest third.
// The script is useful to inspect probability:
// If previous day closed at lowest price for several days
// how often next day would be red bar
// As one can see gray lines indicate bars with lowest close. If next bar is green, increment diff_hi, overwise increment diff_lo
// Probability is counted as diff_lo / (diff_hi+diff_lo)
// One can copy script and...
An improved version for minimum and maximum in a day trading session. You can choose the session resolution, it ranges from 1 minute to 1 week.
It works well for stocks and non-extended sessions due to security() function limitations.
Any suggestions, please leave a comment.
Happy trading.
Plots...
Confirmed highs when 1. it's higher than the 4 prior (lower) highs AND 2. higher than the 2 following (lower) highs.
Confirmed lows when 1. it's lower than the 4 prior (higher) lows AND 2. lower than the 2 following (higher) lows.
This script shows the London and NY Sessions on your chart. Decided to publish it on demand for user yuan642 :D. Maybe other users may find it helpful.
Looking back on charts it can help to spot certain moves or patterns around certain Session open when high volumes enter the markets.
Description:
High and Low Envelope channel with median line and 'sigma' offsets to try and encapsulate price flow and quickly locate likely areas of support and resistance on the fly.
Uses daily average ranges of 5 and 10 (most used) as buy (support) and highs (resistance) areas - half ranges used in calculations for a more accurate "forecast" of the H and L . Uses open but not close, so it does not repaint - experimental
About:
I developed the original as an experiment to potentially replace or augment my BB and RSI based strategies. After some back-testing I could see some really interesting results but it wasn't quite where I wanted it, so after some tweaking and further back-testing, and adding in more MA options, here we are. Mostly tested on 1h and greater time-frames using...
I wrote this up as a potential replacement for my BB based strategies, and so far it's looking pretty nice.
Description / Usage:
Adjust length and multiplier much the same way you would expect with Bollinger Bands.
Multiplier of 1 gives you a base channel consisting of one high, and one low sourced SMA (or EMA)
The outer channels are increments of the base...
Exits added using trailing stops.
2.6 Profit Factor and 76% Profitable on SPY , 5M - I think it's a pretty good number for an automated strategy that uses Pivots. I don't think it's possible to add volume and day open price in relation to pivot levels -- that's what I do manually ..
Still trying to add EMA for exits.. it will increase profitability. You can...
![EURUSD: [M]HLC Plots](https://s3.tradingview.com/r/RSkoH6bt_mid.png "[M]HLC Plots")
![USDJPY: [M] Pivots point H/L](https://s3.tradingview.com/r/rOMFbuLv_mid.png "[M] Pivots point H/L")
![EURUSD: [RS]Vector Flow Channel V1](https://s3.tradingview.com/b/BhGEUsO6_mid.png "[RS]Vector Flow Channel V1")
