OPEN-SOURCE SCRIPT
Updated DW-MTF-Close Price(1W/3D) as Support Line
This simple study shows closing price of [up to 2] higher timeframes on your chart. Be sure to use a lower timeframe on your chart itself.
Release Notes
Repainting RemovedRelease 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
Release Notes
Default colors changed to blue and purple Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.