OPEN-SOURCE SCRIPT
Weekly Open Bias - Adjustable EMAs
Weekly Open Bias IndicatorThis indicator helps traders track market sentiment by analyzing price action relative to the Weekly Open Price.
It provides a clear visual anchor for long-term and swing trading biases.
Key FeaturesWeekly Anchor: Automatically tracks and plots the open price of the current week.
Dynamic Bias Shading:
Background turns green when the price is above the weekly open, and red when it is below.Adjustable Moving Averages:
Includes customizable Fast (9) and Slow (15) Exponential Moving Averages (EMAs) to capture trend direction.
Pine Script v6: Fully updated and optimized for TradingView’s latest script architecture.
How to Use It.
Bullish Bias: Look for long setups when the background is green and the fast EMA is above the slow EMA.
Bearish Bias: Look for short setups when the background is red and the fast EMA is below the slow EMA.Key Support/Resistance: Treat the blue weekly open line as a major psychological pivot point.
It provides a clear visual anchor for long-term and swing trading biases.
Key FeaturesWeekly Anchor: Automatically tracks and plots the open price of the current week.
Dynamic Bias Shading:
Background turns green when the price is above the weekly open, and red when it is below.Adjustable Moving Averages:
Includes customizable Fast (9) and Slow (15) Exponential Moving Averages (EMAs) to capture trend direction.
Pine Script v6: Fully updated and optimized for TradingView’s latest script architecture.
How to Use It.
Bullish Bias: Look for long setups when the background is green and the fast EMA is above the slow EMA.
Bearish Bias: Look for short setups when the background is red and the fast EMA is below the slow EMA.Key Support/Resistance: Treat the blue weekly open line as a major psychological pivot point.
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。