PROTECTED SOURCE SCRIPT
Previous Week Levels 2
ENGLISH DESCRIPTION
Previous Week Levels 2 - Multi-Level Weekly Analysis Indicator
📊 Overview
This indicator displays previous week's OHLC (Open, High, Low, Close) levels along with additional important calculations:
Mid Point: (High + Low) / 2
Open-Close Average: (Open + Close) / 2
🎯 Key Features
Customizable Styles: Choose colors, line widths, and styles (Solid, Dashed, Dotted) for each level
Flexible Week Start: Set week start day (Monday to Sunday)
Extended Lines: Horizontal lines extend to the right for easy reference
Clear Labels: Price labels positioned to the right of the chart
Real-time Updates: Automatically updates when new week begins
⚙️ Input Parameters
Level Customization:
High, Low, Open, Close colors and styles
Mid Point line customization
Open-Close Average line customization
Week Settings:
Week Start Day (0=Sunday, 1=Monday, ..., 6=Saturday)
💡 Trading Applications
Support/Resistance: Identify key weekly levels
Breakout Trading: Monitor breaks above/below previous week's range
Trend Analysis: Use midpoint and averages for trend direction
Position Trading: Weekly levels for longer-term trades
📈 How to Use
Add indicator to chart
Customize colors and styles in settings
Observe previous week's levels as potential S/R
Watch for price reactions at these levels
🔧 Technical Details
Works on all timeframes
Automatically detects week changes
Efficient line management
Optimized for performance
Previous Week Levels 2 - Multi-Level Weekly Analysis Indicator
📊 Overview
This indicator displays previous week's OHLC (Open, High, Low, Close) levels along with additional important calculations:
Mid Point: (High + Low) / 2
Open-Close Average: (Open + Close) / 2
🎯 Key Features
Customizable Styles: Choose colors, line widths, and styles (Solid, Dashed, Dotted) for each level
Flexible Week Start: Set week start day (Monday to Sunday)
Extended Lines: Horizontal lines extend to the right for easy reference
Clear Labels: Price labels positioned to the right of the chart
Real-time Updates: Automatically updates when new week begins
⚙️ Input Parameters
Level Customization:
High, Low, Open, Close colors and styles
Mid Point line customization
Open-Close Average line customization
Week Settings:
Week Start Day (0=Sunday, 1=Monday, ..., 6=Saturday)
💡 Trading Applications
Support/Resistance: Identify key weekly levels
Breakout Trading: Monitor breaks above/below previous week's range
Trend Analysis: Use midpoint and averages for trend direction
Position Trading: Weekly levels for longer-term trades
📈 How to Use
Add indicator to chart
Customize colors and styles in settings
Observe previous week's levels as potential S/R
Watch for price reactions at these levels
🔧 Technical Details
Works on all timeframes
Automatically detects week changes
Efficient line management
Optimized for performance
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.