Session High and Session LowI have heard many people ask for a script that will identify the high and low of a specific session. So, I made one.
Important Note: This indicator has to be set up properly or you will get an error. Important things to note are the length of the range and the session definition. The idea is that you would set it up for what's relevant to your trading. Going too far back in the chart history will cause errors. Setting the session for a time that is not on the chart can cause errors. If you set it to look farther back than there are bars to display, you may get an error. What I've found is that if you get an error, you just need to change the settings to reflect available data and it will be able to compile the script. At the time of its publishing, the default range start is set to 10/01/2020. If you're looking at this years later, you'll probably have to set the range to something more recent.
Features:
Plot or Lines:
Using Plot (displayed), the indicator will track the high/low from the end of the session into the next session. Then at the start of the next session, it will start tracking the high/low of that session until its end, then track that high/low until the start of the next session then reset.
Using lines, it will extend horizontal lines to the right indefinitely. The number of sessions back that the lines apply to is a user-defined number of sessions. There are limits to the number of lines that can be cast on a chart (roughly 40-50). So, the maximum number of sessions you can apply the lines to is the last 21 sessions (42 lines total). That gets really noisy though so I can't imagine that is a limiting factor.
Colors:
You can change the background color and its transparency, as well as turn the background color on or off.
You can change the highs and lows colors
You can adjust the line width to your preference
Session Length:
You can use a continuous session covering any user-defined period (provided its not tooooo many candles back)
You can define the session length for intraday
You can exclude weekends
Display Options:
You can adjust the colors, transparency, and linewidth
You can display the plotline or horizontal lines
You can show/hide the background color.
You can change how many sessions back the horizontal lines will track
Let me know if there's anything this script is missing or if you run into any issues that I might be able to help resolve.
Here's what it looks like with Lines for the last 5 sessions and different background color.
HIGH-LOW
Highs Lows and OpensThis script is an update to a lovely script by BURSATRENDBANDCHART
There original script gave Daily, Weekly and Monthly Highs but I loved the format
I required
Previous Days Highs and Lows
Previous Week High and Low
Previous Day Open
Previous Week Open
Hope this can be of use
Derivative Pivot HL Points Hello.
This script aims to take into account mutable variable Pivot Points' periods.
While doing this, it takes the period between 2 signals that I use in the script:
And these periods in my Pivot HL function integrated into len length (Mutable variables) :
The cornerstone of the script is these facts.
Pivot can be optimized by playing with reversal periods.
These pre-formed levels can be used as Supply and Demand levels.
Regards.
Pivot Points [CB]Automatically label pivots as HH/LH and HL/LL.
The criteria for determining pivot points can be configured.
[PX] Session LevelHello guys,
this scripts prints the high and low as well as the moving average of a user-defined session.
How does it work?
Basically, as soon as we are in the session range, the indicator will constantly keep track of the high and the low of this range. It also prints the moving average, which can either be a floating or a static line, that represents the latest MA value.
The indicator comes with multiple options to style the printed lines.
If you find this indicator useful, please leave a "like" and hit that "follow" button :)
Have fun and happy trading :)))
P.S: Check my signature if you want to get in touch with me.
Fractals | Swing Points | Highs & Lows | Custom PeriodsSimple script which marks out key swing highs & lows.
One of the only indicators I have on the chart most days
- perfect for naked charting
- quickly helps you to visually identify key areas of interest
An extension of Bill Williams fractals
- aka short term swing points
Allows you to filter for only the most prominent swing points
- you can even overlay multiple swingpoint filters in different colours (as per example chart)
The number ( Fractal Periods) is simply:
- the number of less prominent points either side of your swing high/low
- example shown on the chart
Otherwise make a fist
- look at your 5 knuckles
- swing high is your middle knuckle
- 2 lower points either side
Bill Williams Original Fractal:
Fractal Periods = 2
Your Fractal Period for Filtering:
3, 4, 5, 30, 365, etc
Allows you to find swing points down to:
Fractal Periods = 1
Simple, easy, shared to enjoy =)
Stochastic RibbonA series of highs and lows of different lengths to create a ribbon-like indicator to emulate the stochastic oscillator's top (100), middle (50) and bottom (0). Traders can determine the strength of the support and resistance by the number of converging lines, choose price points and visualise momentum waves.
Inputs:
Theme: multiple colours/themes (theme 2)
Length: high/low length (14)
Start: plot number to start ribbon on (1)
PlotNumber: number of plots to show; maximum 10 per top, middle, bottom (10)
Example:
Length: 14
Start: 5
PlotNumber: 10
Previous Week high & lowIt indicates the previous week high and low.
When overlaid on the daily chart, it give buy and sell signals (in the understanding you have made a trade setup). Buy when the price crosses the previous week high, sell when it crosses the previous week low.
Yearly OHLplots Yearly Open, High, Low levels
Interesting interactions to note at previous yearly opens
Custom Time ranges. Daily price ranges.Addition to previous time range script, now containing daily ranges. You can select a day of the week, and have it show the high, low, mid, and open of that day.
For the time bands:
Monday = 2
Tuesday = 3
Wednesday = 4
Thursday = 5
Friday = 6
Saturday = 7
Sunday = 1
Example 1:
1500-1800:2
This will colour the background between 3pm and 6pm on Mondays.
Example 2:
0000-0600:247
This will colour the background between midnight and 6am on Mondays, Wednesdays, and Saturdays.
For the Daily price ranges:
Just select the tick-box forthe day, and then the price levels you'd like to see.
I want to add specific weekly levels to this, for example: week 06 of year 2020, but I've not figured out how to do it yet. If anyone knows, I'd appreciate it if you let me know. I'll then update this script.
As always, any questions you may have, please leave in comments below and I'll respond when I have time.
If you notice anything good with this indicator, let me know. We are all in this to make money after all! ;)
Adam H Grimes - Keltner Channels with Day's High & LowThe indicator shows the day's high and low along with the Keltner Channels.
Keltner Channel Period - 20
Keltner Channel Multiple - 2.25
Previous Day Week Highs & LowsThis script plots the previous n day and week highs and lows (previous two days and previous week by default).
Here are some additional info about the script behavior:
Plots highs and/or lows
Plots for days and/or weeks
Day highs and lows are shown only on intraday timeframes
Week highs and lows are shown only on timeframes < weekly
Extension of High, Low and InbetweenThis script plots an extension my other script High, Low, Inbetween.
It sometimes makes it difficult to view the candles effectively so I've added this separately to my other script
It calculates the range between high/low and midpoint.
It then plots these lines as extensions from the high and low.
This is done twice.
High, Low and MidpointThis indicator plots the daily high and low from the previous day. (BLACK)
It then calculates the midpoint of the high and low and plots this. (RED)
This indicator can be used to identify daily ranges and to identify possible support and resistance levels.
ANN Next Coming Candlestick Forecast SPX 1D v1.0WARNING:
Experimental and incomplete.
Script is open to development and will be developed.
This is just version 1.0
STRUCTURE
This script is trained according to the open, close, high and low values of the bars.
It is tried to predict the future values of opening, closing, high and low values.
A few simple codes were used to correlate expectation with current values. (You can see between line 129 - 159 )
Therefore, they are all individually trained.
You can see in functions.
The average training error of each variable is less than 0.011.
NOTE :
This script is designed for experimental use on S & P 500 and connected instruments only on 1-day bars.
The Plotcandle function is inspired by the following script of alexgrover :
Since we estimate the next values, our error rates should be much lower for all candlestick values. This is just first version to show logic.
I will continue to look for other variables to reach average error = 0.001 - 0.005 for each candlestick status.
Feel free to use and improve , this is open-source.
Best regards.
[PX] M/W/D LevelHey guys,
this script shows monthly, weekly and daily OHLC data represented as horizontal level.
I tried to make it as user-friendly as possible. Therefore, you can add different colors and styles for each level, as well as turn them on and off.
With the "Label Offset" -parameter you are in control where the label text should appear. You can shift it from left to right and vice-versa. To shift it to the left choose a negative value. To shift it to the right use a positive one.
This best setting for me personally is the "Candle Selection" -dropdown. This allows you to decide wether you want to show the previous candles OHLC-data or the current live OHLC-data.
!!CAUTION!! If you use the "Current Month/Week/Day" -selection be aware that values shown are "live"-data of the current candle. Therefore, values will change the same way your chart keeps changing on live data.
The "Previous Month/Week/Day" -selection on the other hand is historical data and therefore only changes once we reached a new month/week/day.
If you like my work, consider leaving a like :)
Happy trading!
MACD Divergence Tops + BottomsMACD Indicator which plots local peaks and troughs in divergence.
"Classic" Divergence is specified as:
- A higher price, with reduced MACD high --> Potential Sell Point
- A lower price, with higher MACD low --> Potential Buy Point
"Alternative" Divergence is specified as:
- A higher MACD high, with reduced price --> Potential Sell Point
- A lower MACD low, with higher price --> Potential Buy Point
MACD Divergence should be used in combination with other indicators. This indicator identifies local tops and bottoms, with potential for macro trend shifts.
Charles Recession WatchThe “Recession Watch” indicator tracks 7 key economic metrics which have historically preceded US recessions. It provides a real-time indication of incoming recession risk.
This indicator gives a picture of when risk is increasing, and therefore when you might want to start taking some money out of risky assets.
All of the last seven recessions were preceded by a risk score of 3 or higher. Six of them were preceded by a risk score of 4 or higher. Unfortunately data prior to 1965 was inconsistent and prior recessions could not be considered.
Based on the indicator hit rate at successfully flagging recessions over the last 50 years, risk scores have the following approximate probabilities of recession:
- 0-1: Low
- 2: 25% within next 18 months
- 3: 30% within next 12 months
- 4-7: 50% within next 12 months
Note that a score of 3 is not necessarily a cause for panic. After all, there are substantial rewards to be had in the lead up to recessions (averaging 19% following yield curve inversion). For the brave, staying invested until the score jumps to 4+, or until the S&P500 drops below the 200day MA, will likely yield the best returns.
Notes on use:
- use MONTHLY time period only (the economic metrics are reported monthly)
- If you want to view the risk Score (1-7) you need to set your chart axis to "Logarithmic"
Enjoy and good luck!
Multiple SMAs + X-Bar High/LowWhen starting my daily analysis, I typically open a daily chart and check where the price is compared to several SMAs, as well as check the high/low of today and the 10-day high/low. This indicator was designed to save chart space as well as make finding the highs and lows more efficient. Everything is adjustable, so you don't have to stick with my 10-bar rule.
Function : Pivots High and Low WARNING: The toil of this script is not mine . In order to avoid disrespect for work, I deleted some extensions only pure pivots , that is, only the information this script needed. I liked the fact that high and low pivots were in one function. I found this command by chance on stackoverflow. I don't know the authors and the nicknames because they are the stackoverflow nicknames. I hope it will help your adaptive periods. Finally, the length of the pivot must be at least 3 to be available.If the author reaches me, I will give his/her Tradingview name as a reference.
