MonoIntel Settlements: Previous Day and Week Settlement
This indicator plots two horizontal reference lines: the previous day's and the previous week's 16:00 New York close.
How it works. Times are fixed to New York time. PDS is the last traded price at or before 16:00 on the previous trading day. On early-close days it is that day's last traded price. PWS is the same price on the previous Friday. Both are taken from the chart symbol. They mark the 16:00 New York close for every market, not the exchange's official settlement price. From the Sunday open to Monday's close, PDS shows Friday's close, the same price as PWS. A new PWS line is drawn once a week, at the Sunday open. Lines start at the bar that made the close, extend right and are labelled PDS and PWS.
What is different. Daily-bar tools take the close from the symbol's daily bar. This script reads the 16:00 price from intraday bars, keeps a set number of past levels, and can hide levels that price has traded back through after the next session opens.
Inputs. For each line: show or hide, colour, width, style, history (1 to 20), and "Show outstanding only".
Use. For index futures and similar 24-hour markets on charts from 1 minute to 4 hours. Nothing is drawn above 4 hours. Reference levels only.
How it works. Times are fixed to New York time. PDS is the last traded price at or before 16:00 on the previous trading day. On early-close days it is that day's last traded price. PWS is the same price on the previous Friday. Both are taken from the chart symbol. They mark the 16:00 New York close for every market, not the exchange's official settlement price. From the Sunday open to Monday's close, PDS shows Friday's close, the same price as PWS. A new PWS line is drawn once a week, at the Sunday open. Lines start at the bar that made the close, extend right and are labelled PDS and PWS.
What is different. Daily-bar tools take the close from the symbol's daily bar. This script reads the 16:00 price from intraday bars, keeps a set number of past levels, and can hide levels that price has traded back through after the next session opens.
Inputs. For each line: show or hide, colour, width, style, history (1 to 20), and "Show outstanding only".
Use. For index futures and similar 24-hour markets on charts from 1 minute to 4 hours. Nothing is drawn above 4 hours. Reference levels only.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
1% better a day, 365% better a year.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.