OPEN-SOURCE SCRIPT
Previous Day & Week High/Low DangNP
The "Previous Day & Week High/Low" indicator is a simple yet powerful price action tool designed for day traders and swing traders. It automatically identifies and plots the highest and lowest price levels of the previous trading day and the previous trading week directly onto your chart, saving you the time of drawing them manually.
Key Features
Previous Day Levels (Blue Lines): Automatically plots the Previous Day High (PDH) and Previous Day Low (PDL). These lines are configured to display only on intraday timeframes to keep your higher timeframe charts clean.
Previous Week Levels (Purple Lines): Plots the Previous Week High (PWH) and Previous Week Low (PWL). These are visible on both intraday and daily timeframes.
Fully Customizable: You can easily toggle the visibility of either the Daily or Weekly levels on and off via the indicator's Inputs settings.
How to Use
Previous Day and Previous Week highs and lows are crucial structural levels in price action trading:
Support & Resistance: These levels often act as natural barriers where price might stall, consolidate, or reverse.
Liquidity Sweeps (False Breakouts): Institutional traders often hunt the liquidity resting above previous highs or below previous lows. Traders can look for price to "sweep" these levels and reject them as a strong reversal signal.
Breakouts: A strong, sustained break and candle close beyond the previous day or week's extremes can signal trend continuation.
This script is lightweight, distraction-free, and written in Pine Script v6 for optimal performance.
Key Features
Previous Day Levels (Blue Lines): Automatically plots the Previous Day High (PDH) and Previous Day Low (PDL). These lines are configured to display only on intraday timeframes to keep your higher timeframe charts clean.
Previous Week Levels (Purple Lines): Plots the Previous Week High (PWH) and Previous Week Low (PWL). These are visible on both intraday and daily timeframes.
Fully Customizable: You can easily toggle the visibility of either the Daily or Weekly levels on and off via the indicator's Inputs settings.
How to Use
Previous Day and Previous Week highs and lows are crucial structural levels in price action trading:
Support & Resistance: These levels often act as natural barriers where price might stall, consolidate, or reverse.
Liquidity Sweeps (False Breakouts): Institutional traders often hunt the liquidity resting above previous highs or below previous lows. Traders can look for price to "sweep" these levels and reject them as a strong reversal signal.
Breakouts: A strong, sustained break and candle close beyond the previous day or week's extremes can signal trend continuation.
This script is lightweight, distraction-free, and written in Pine Script v6 for optimal performance.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.