The present script includes Previous day High/low levels and once the PDH or PDL breaks the present bar's background changes color according to the direction of price breakout. It's helpful when working on lower timeframe charts with small screen space, so that the user can know that the PDHL has been taken out in one glance at the chart instead of scrolling all around to find out whether the PDH or PDL are broken or not. The high and low of day before yesterday are also plotted for reference.
The intraday fib levels get drawn taking present day's high and low into account, useful to mark support/retest levels. The color of the intraday AUTO FIB high and low lines also change from gray to respective assigned colors once the present day price crosses PDH or PDL this is helpful while viewing charts on mobile app.
Disclaimer: Only for studying price movement ideas, trading is not advised.
發布通知
⋅
Minor update in retracement level label.
發布通知
⋅
Fixed retracement labels.
發布通知
⋅
Visibility enhancements. Also check out the other scripts by me.
great idea!!!!! Can you make multi time frame script ? thank you
TathaastuVats
⋅
@WhatsNew, multi time frame script for? in this script the PDHL and day before yesterday levels are fixed those levels stay same even if you use this script on a 5 min chart or a 1 min chart or any intraday time frame. The AUTO FIB takes present day's high/low to draw present day's FIB levels as they evolve, so in this case also the script will work on any intraday time frame.
WhatsNew
⋅
@vatsanuj, such as , when my current time frame is 5 min, I would like to know where is the position of 1 hrs or 4 hrs . thank you
TathaastuVats
⋅
@WhatsNew, you see price is on vertical axis, we're using an arbitrary scale divided into 100 parts, where the day low is "0" and day high is "100" Time is on horizontal axis so if you change your time frame i.e. you're altering your horizontal axis divisons that's not going to affect the price at any given moment. Price and time are independent of each other here. The values/price levels being plotted are independent of time frame of chart, if you keep this indicator and change time frames you'll see that the price levels don't change by altering time frames. The indicator is not like other (for example: RSI, MACD etc) indicators which change their values according to the time frame of the chart.
WhatsNew
⋅
@vatsanuj, thank you
Shaanslife
⋅
Best indicator I’ve ever used. Thank you for making this.