What? A Swiss army knife of technical tools that institutions also use. Content The indicator contains: Daily (base session) time weighted moving average (TWAP) Fibonacci deviation cloud based on the base session TWAP Overextension symbols based on the base session TWAP Weekly, monthly and yearly TWAPs + the previous close levels Regular daily,...
This indicator is developed to mark out yearly, monthly, weekly and daily levels. Allows you to select if you want to plot the open, high or low. Don't really recommend using the indicator for closes as it looks ahead to the current bar so it will just show the current price as the close. High timeframe opens specifically are great levels to watch for reactions....
This script plots the current daily, weekly and monthly opens (all enabled by default). Here are some additional info about the drawing behavior: Daily open is shown only on intraday timeframes Weekly open is shown only on timeframes < weekly Monthly open is shown only on timeframes < monthly