Someone requested a high/low price indicator that would reset the "remembered" prices daily. I started out doing just that, and then decided to make it much more configurable.
Choose the units (minutes, hours, days, weeks, months) and the number of those units, and this will reset the highest/lowest value remembered to the current values on your chosen time...
This indicator plots on your chart 3 EMAs (customizable) from the Weekly timeframe (resolution).
The default settings (all EMAs)
200 - Orange
50 - Purple
20 - Black
There is no smoothing so the EMA line will appear jagged.
I start my week with understanding the bias on a weekly timeframe and weekly chart setups but I find it useful to have these weekly...
Nearly identical to the price version, this configurable indicator retains the max and min value of a chart for the time duration you specify. The difference with this one is that it can be applied to any other indicator, not just price.
Applied to volume:
for horizontal level traders that don't want to disregard the 200 week SMA.
Plots a horizontal line for the latest 200 week SMA value in lieu of a wavy line.
Open the indicator's settings and check the "Price Line" box for max visibility
small change to my horizontal 200 week SMA script.
Plots the latest 200 week SMA value from Bitstamp BTCUSD on the chart. I use it for the Bitmex chart, as Bitmex doesn't have enough history for a 200 week moving average.
It turned out not to be that easy to plot the close of the previous week in hourly or daily charts. In my first experiments things went wrong on Friday or intraday if you simply use the security function. So here is the thing with an algorithm that guaranties the correct value.
There are a number of VWAP indicators out there, but it's difficult to find VWAP calculations that take the entire week into account. This helps with analyzing longer-term trends on daily and intraday charts. As with all VWAP indicators, this one is also more sensitive to price starting at the open of trading at the beginning of the week.
Plots weekly OHLC (with option to turn on monthly Open and Close) and 3 Weekly resolution EMAs (customizable).
This indicator is a combination of a few I've created/updated here on TV.
First part plots Weekly OHLC with an option to plot monthly open and close.
This indicator also plots on your chart 3 EMAs (customizable) from the Weekly timeframe (resolution)....
Based on Thomas Bulkowski's top ranking small pattern: the Downside Weekly Reversal pattern.
Add this indicator to your weekly charts.
Blue bars represent weekly reversals and green bars following blue bars indicate an upside breakout. These are to be traded in a Bull market.
Red bars following blue bars indicate a downside breakout. These are to be traded in a...