DW-MTF-Close Price(1W/3D) as Support Line
This simple study shows closing price of higher timeframes on your chart. Be sure to use a lower timeframe on your chart itself.
Release Notes:
Repainting Removed
Release Notes:
Updated according to rules (RSI's removed). Code cleaned up.
Release Notes:
This Indicator has been enhanced.
In the past, only Close price could used for the 2 support lines. With this update it is possible to select source - Open, High, Low, Close etc. This is especially useful for tracking price movements on e.g. 15m within 4h low and high support lines.
Example 1:
Support line 1 - 1 DAY close
Support line 2 - 3 DAY close
2 support lines for buying and selling above/below.
Example 2:
Support line 1 - 4h LOW
Support line 2 - 4H HIGH
If your current timeframe on chart is 15m, track the prices changes within the LOW/HIGH of 4h
In the past, only Close price could used for the 2 support lines. With this update it is possible to select source - Open, High, Low, Close etc. This is especially useful for tracking price movements on e.g. 15m within 4h low and high support lines.
Example 1:
Support line 1 - 1 DAY close
Support line 2 - 3 DAY close
2 support lines for buying and selling above/below.
Example 2:
Support line 1 - 4h LOW
Support line 2 - 4H HIGH
If your current timeframe on chart is 15m, track the prices changes within the LOW/HIGH of 4h
Release Notes:
Default colors changed to blue and purple