Daily/Weekly/Monthly LevelsDaily/Weekly/Monthly Levels
TLDR
Shows Daily/Weekly/Monthly reversal levels. These can act as support/resistance levels.
Can only see what's in your candle history. I.e. It won't see old monthlies on your 1m chart! Use Daily to see everything with the most history.
Can only see levels higher than or equal to your current time frame. I.e. it will not see daily levels if you're looking at a weekly chart.
Doesn't keep levels that have been closed through. Does keep levels that have been only wicked.
This indicator shows you daily, weekly and monthly horizontal reversal levels to save you the hassle of doing it yourself. It's a little aid to speed up your TA routine.
Usage Details and Limitations
All daily, weekly, and monthly levels will be marked with lines on the chart automatically. Levels will only be visible from that level's TF or lower, i.e. you can't see the daily levels from the weekly chart, but you can see all levels from daily or lower charts. No levels will be displayed if you select a time frame higher than 1 month.
New levels will not be drawn if they are very close to existing levels. You can change the 'closeness' threshold in settings. It is specified as a percentage move from the existing level.
However, higher TF levels will REPLACE lower TF levels if they are too close. If you set the 'closeness' setting to 0, all levels will be drawn.
Levels will only be drawn if they are in your displayed candle range! I.e. the lower you go in timeframe, the less history you can see, and so levels originating from further back might be missed!
One technique you might have is to load up the daily timeframe and use that to mark any nearby levels of interest.
How does it work?
Basically, it looks for reversal candles on the D/W/M Timeframes, and draws a line for you from the open of the reversal candle (of that TF), so long as you are on a TF equal or lower than that level.
New bars on that TF that close through that TF's old levels will clear that level. Wicks do not clear.
Each newly found level will not be drawn if it's within the percentage distance of an existing level of equal or higher time frame.
Each new level also checks for existing levels on lower TFs that it can replace. E.g. if a monthly bar closes and produces a monthly level equal to an existing daily or weekly level, that daily or weekly level will be replaced. Use the settings to specify your 'closeness' allowance.
Please remember, it can only see as far back as your candle history, so you won't see old monthlies on a 1 minute chart! Use the daily TF to see all three levels at once with maximum history.
在腳本中搜尋"daily"
DailyLevelsLibrary "DailyLevels"
Functions for acquiring daily timeframe data by number of prior days.
openD(daysPrior, spec, res) Gets the open for the number of days prior.
Parameters:
daysPrior : Number of days back to get the open from.
spec : session.regular (default), session.extended or other time spec.
res : The resolution (default = '1440').
Returns: The open for the number of days prior.
highD(daysPrior, extraForward, spec, res) Gets the highest value for the number of days prior.
Parameters:
daysPrior : Number of days back to get the high from.
extraForward : Number of extra days forward to include.
spec : session.regular (default), session.extended or other time spec.
res : The resolution (default = '1440').
Returns: The high for the number of days prior.
lowD(daysPrior, extraForward, spec, res) Gets the lowest value for the number of days prior.
Parameters:
daysPrior : Number of days back to get the low from.
extraForward : Number of extra days forward to include.
spec : session.regular (default), session.extended or other time spec.
res : The resolution (default = '1440').
Returns: The low for the number of days prior.
closeD(daysPrior, spec, res) Gets the close for the number of days prior.
Parameters:
daysPrior : Number of days back to get the open from. 0 produces the current close
spec : session.regular (default), session.extended or other time spec.
res : The resolution (default = '1440').
Returns: The close for the number of days prior.
hlc3D(daysPrior, extraForward, spec, res) Gets the HLC3 value for the number of days prior.
Parameters:
daysPrior : Number of days back to get the HLC3 from.
extraForward : Number of extra days forward to include. Determines the closing value.
spec : session.regular (default), session.extended or other time spec.
res : The resolution (default = '1440').
Returns: The HLC3 for the number of days prior.
Daily DeviationShows you the normal deviation from the OPEN based upon historical data.
Levels measured:
Normal range (1 standard deviation) of the CLOSE (vs the OPEN).
Normal daily HIGH +1, +2, +3, and +4 standard deviations.
Normal daily LOW -1, -2, -3, and -4 standard deviations.
Configuration:
Always shows you the normal CLOSE vs OPEN range for the current session.
Can display previous day's ranges (extra days) based upon the calendar (not trading days).
Normally displays which levels have been exceeded (to reduce noise and keep auto-scale to a minimum), but can show all the ranges for the current session.
The default number of days to measure (50) will affect the accuracy but outliers are cleaned to avoid dramatic variance.
Note:
These are only statistical representations of what has occurred in the past. You can interpret the current price as oversold or overbought for the day (and only that day) relative to the OPEN. Gaps high or low are not considered in the equation.
Daily High/Low/Mid/Open/CloseI modify existing scripts about Daily High/Low, Daily Open, Previous Daily Close, etc.
Daily High = red color
Daily Low = green color
Daily Mid = blue color
Daily Open = purple color
Previous Daily Close = black color
Daily Standard Deviation (fadi)The Daily Standard Deviation indicator uses standard deviation to map out daily price movements. Standard deviation measures how much prices stray from their average—small values mean steady trends, large ones mean wild swings. Drawing from up to 20 years of data, it plots key levels using customizable Fibonacci lines tied to that standard deviation, giving traders a snapshot of typical price behavior.
These levels align with a bell curve: about 68% of price moves stay within 1 standard deviation, 95% within roughly 2, and 99.7% within roughly 3. When prices break past the 1 StDev line, they’re outliers—only 32% of moves go that far. Prices often snap back to these lines or the average, though the reversal might not happen the same day.
How Traders Use It
If prices surge past the 1 StDev line, traders might wait for momentum to fade, then trade the pullback to that line or the average, setting a target and stop.
If prices dip below, they might buy, anticipating a bounce—sometimes a day or two later. It’s a tool to spot overstretched prices likely to revert and/or measure the odds of continuation.
Settings
Open Hour: Sets the trading day’s start (default: 18:00 EST).
Show Levels for the Last X Days: Displays levels for the specified number of days.
Based on X Period: Number of days to calculate standard deviation (e.g., 20 years ≈ 5,040 days). Larger periods smooth out daily level changes.
Mirror Levels on the Other Side: Plots symmetric positive and negative levels around the average.
Fibonacci Levels Settings: Defines which levels and line styles to show. With mirroring, negative values aren’t needed.
Overrides: Lets advanced users input custom standard deviations for specific tickers (e.g., NQ1! at 0.01296).
Daily SMA x2 With InputsIdeal for Intraday charts when you want to know the daily SMAs or for daily charts if you want to save on an indicator
Daily Factor Indicator [CC]The Daily Factor Indicator was created by Andrea Unger (Stocks and Commodities Jun 2023 pgs 26-31), and this is a new volatility indicator that compares the body, which is the absolute difference between the previous open and previous close, and the range which is the difference between the previous high and previous low. The indicator is calculated by dividing the body and range to determine the volatility for the previous bar. This indicator will range between 0 and 1. Values closer to 1 mean very high volatility, and values closer to 0 mean very low volatility. I have introduced a simple moving average strategy to decide buy or sell signals and colors. Darker colors mean the indicator is above the threshold level, and lighter colors mean the indicator is below the threshold level. Colors are shades of green when the price is above the moving average and shades of red when the price is below the moving average. Feel free to try out your own threshold level and general buy and sell signals.
Let me know if there are any other indicators you would like me to publish!
Daily and Weekly Moving Averages on Daily ChartThis script is designed to be used on Swing and Position style approaches.
Based on moving averages that I use with the integration of a weekly moving average that is visible on the daily chart /all timeframes.
The moving averages are:
9EMA;
21EMA;
10 week SMA ;
50EMA;
150EMA;
and 200EMA.
Base script from CaptainBrett with Matt Caruso's chat with Richard Moglen showing me that this can be done on Tradingview. When searching for the script, I couldn't find it within the public library.
Please Enjoy
Daily Close and 5/10 Robinhood TargetsThis script is super simple, just outputs a daily close line and also 5/10% targets higher and lower based on that price.
The reason I made this is somewhat simple which is what, ive noticed (havent statistically backtested) but many popular "robinhood stocks" when they run they tend to almost always tag 5 or 10% up or down.
The theory is something to do with the fact that robinhood alerts at those price levels, so when something like a BYND or RUN or TSLA or (pick a popular stock that runs) it tends to at least tap those levels. I rarely see it go up lets say, 4.33% and then turn around, typically it will at least wick if not pass 5% so using these might POSSIBLY be a level of alpha.
Use it for your own backtests though with something better.
Daily Price RangeThe indicator is designed to analyze an instrument’s volatility based on daily extremes (High-Low) and to compare the current day’s range with the typical (median) range over a selected period. This helps traders assess how much of the "usual" daily movement has already occurred and how much may still be possible during the trading day.
Daily Monday Weekly Monthly Quarterly Yearly High Low Mid This indicator can be useful for traders who are interested in analyzing price movements over different time periods. By displaying the daily, Monday, weekly, monthly, quarterly, and yearly high and low values along with their mid values on a chart, traders can get a better understanding of how prices have behaved over longer periods of time.
For example, a trader might use this information to identify trends or patterns in the market. They might look for occasions when the daily high and low values move outside of an established range or when the weekly or monthly mid values cross certain key levels. This could signal a potential change in the market trend that the trader could act upon.
Additionally, the code can help traders identify key support and resistance levels based on the high and low values of the candles. By plotting these values on a chart, traders can see where prices tend to find support or resistance over different time periods. This information can be used to place stop loss orders or take profit orders at important levels.
Overall, the benefit of using the code you provided is that it offers traders a comprehensive view of price movements over different time periods, which can aid in making more informed trading decisions.
Each level described above has its own unique label, which is abbreviated for convenience. These abbreviations are listed below for quick reference:
For daily levels: DH (Daily High), DM (Daily Mid), and DL (Daily Low)
For Monday levels: MonH (Monday High), MonM (Monday Mid), and MonL (Monday Low)
For monthly levels: MH (Monthly High), MU50 (Monthly 50 percent of Mid and High), MM (Monthly Mid), MD50 (Monthly 50 percent of Mid and Low), and ML (Monthly Low)
For quarterly levels: 3MH (Quarterly High), 3MU50 (Quarterly 50 percent of Mid and High), 3MM (Quarterly Mid), 3MD50 (Quarterly 50 percent of Mid and Low), and 3ML (Quarterly Low)
For yearly levels: YH (Yearly High), YU50 (Yearly 50 percent of Mid and High), YM (Yearly Mid), YD50 (Yearly 50 percent of Mid and Low), and YL (Yearly Low)
These labels can help you quickly identify the different levels and keep track of important price points.
If the chosen timeframe does not fall under the category of intraday, daily and Monday level will not be displayed.
Please feel free to send your suggestions to @z_mehran.
Daily SeasonalityDay trading trend filter indicator designed to hep get better entries or exits based on historical opens and closes each hour.
This indicator is NOT designed as an entry or exit signal. The purpose behind it is to give you statistical information about how likely certain times of day are either bullish , bearish or neutral and use that to confirm or reject other trading signals.
For example you might be anticipating a breakout based on your strategy or another indicator but see that the next few days are usually bearish and re-evaluate entering the trade.
The Daily Seasonality indicator calculates the percentage of candles per day of the week that had a higher close than open.
Default settings are:
- a look-back of 52 weeks (1 year).
- extreme bullish ( bright green) above 74%
-extreme bearish ( bright red) below 25%
- bullish (green) above 55%
- bearish (red) below 45%
- neutral (white) exactly 50%
- no trend (gray) 46% - 54%
All of these are updatable via the settings.
This indicator is designed to work only on the Daily timeframe.
Daily RangeHey traders,
at first thanks to the one and only Master Educator Stefan Kassing for sharing his legendary system with us!
And also credit to Mortdiggiddy , RootDuk and PineCoders for helping me with the script =)
This script is calculating the daily range (in pips) of the current market you are in, in relation to the last 70 days (10 weeks) .
It is used for a possible Take Profit in Stefan Kassing's System .
How to add the script to your chart:
1. Click " Add to Favorite Scripts "
-> i.imgur.com
2. Go in the Chart & click the little arrow in the upper bar and then click " Daily Range ", then the Daily Range appears in the top left corner
-> i.imgur.com
To avoid errors make sure to right-click the Y-Axis on the right side of the chart and then left-click "Scale Price Chart Only" .
-> i.imgur.com
Also be aware that the daily range is only showing up , if you are in the daily time interval or below and you are not hovering with the cursor over the past candles respectively above or below them .
If you are using this script in exotic currencypairs or uncommon other markets , the daily range can be incorrect or not showing up .
So don't hesitate contacting me , then I will try to add the markets that you want to.
To change the color or the decimal places of the number, you can click the gear in the upper left corner.
-> i.imgur.com
Happy Pips
Daily & 4H Moving AveragesThis indicator shows the 99MA daily (dotted) and 4H (solid) moving averages on all timeframes. It defaults to the 99MA, but you can change it to 25MA or whatever your heart desires. Why would you want to use this? Cause the 99MA is like magic for altcoins, presumably because it's the largest default MA on Binance and lots of people are watching it.
If you can see where the daily and 4h MA lines are, even while looking at a 1h or 30m chart, then you'll know more about the areas where price might do predictable stuff.
Daily OHLC UpdatedThis plots the daily OHLC values as well as a few other options.
The base indicator plots and colors a daily open line. When line is green close is above open. When line is red close is below day open.
You can also turn on background highlighting.
Background will be green (default) If close is above day open
Background will be red (default) If close is below day open
There is also an option to turn on indicators on the bottom of your chart:
Arrow up will be green (default) If close is above day open
Arrow down will be red (default) If close is below day open
Next version will be adding alerts.
Daily ATR CaveSimilar to the RSI Cave idea, this plots daily Average True Range values on lower timeframes, as well as the daily open level, which is show as a grey dotted line. Basically a simple way to visualise basic mean reversion stuff
Daily OBVOBV that should reset on a daily session break. Looks neat when you scroll out all the way. Good use remains to be found; I believe this could be a useful reference for a more fleshed out idea for 'local zone' OBVs. Maybe comparing previous sessions' daily OBVs to current.
Daily Exponential Moving AveragesTired of wasting countless hours switching back and forth between timeframes?
Worry not! For only 499.95$ now you can... Oh wait this script took me 5 minutes I can't sell that.
The idea is priceless thought.
This is a very basic script that lets you view 2 daily exponential moving averages from any timeframe (you won't see much from higher timeframes thought).
To see the 1 hour regular divergence at the top you would still need to check the 1 hour.
I recommend having a vague idea of the trend on daily/weekly chart and then looking only at 4 HR with daily indicators on it like with this script + maybe if you want you might use the 1HR chart for confirmation or to try and pinpoint the best place to enter.
No matter what your holding periods are, other timeframes are bad anyway.
Going to release a couple more scripts in the coming weeks.
Daily SMA x2 With InputsIdeal for Intraday charts when you want to know the daily SMAs or for daily charts if you want to save on an indicator
Daily Historical Volatility StdDev LevelsDescription:
This indicator plots Daily Standard deviation levels on price chart based on Historical Volatility (HV). It uses the most common approach for calculating historical volatility as standard deviation of logarithmic returns, based on daily closing/settlement prices.
Assets: Currency Pairs, Commodities, also works on stocks, some indices.
Time Frames: 5min to 60min. This will also work on Daily Chart, by setting "DaystoExpire" to 21
Options:
Use Daily Data to Calculate StdDev HV (default), otherwise use the charts Time Frame
Lookback = number of days/periods to calculate stddev of HV (21 by default)
Annual = number of trading days in a calender year (252 by default)
Days to Expiry = number of days for the life of this option ( for auto calculation
this is 1 for intraday, 21 for daily and annual when chart TF used)
Settlement Source = close price by default, can use another source.
Settlement Volume Weighted Average Length = by setting this to >1 then an average
is used for settlement.
Display ### Standard Deviation Levels = select what levels are to be displayed.
References:
How To Use Standard Deviation In Your Trading Day: www.youtube.com
Deviation Levels Indicator: www.youtube.com
www.macroption.com
Historical Volatility based Standard Deviation_V2 by ucsgears
Historical Volatility Strategy by Hpotter
Daily MovesShow percent daily moves with a 5 period look back. This helps visualize recent performance.
Daily HIGH/LOW strategyThis is a DAILY High/LOW strategy combined with a moving average and volume for more accuracy.
The rules are simple :
For long if we had a cross of the high with the previous high and close of the candle is above moving average and chaikin money flow volume is positive we have a long entry.
We exit when we cross down the moving average with the close of the candle.
For short if we had a crossdown of the low with the previous low and close of the candle is below moving average and chaikin money flow volume is negative we have a short entry.
We exit when we cross above the moving average with the close of the candle.
This strategy has no risk management inside so use it with caution.
If you have any questions, let me know
