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Dailyanalysis

Previous Day and Week RangesI've designed the "Previous Day and Week Ranges" indicator to enhance your trading strategy by clearly displaying daily and weekly price levels. This tool shows Open-Close and High-Low ranges for both daily and weekly timeframes directly on your trading chart. Key Features : Potential Support and Resistance: The indicator highlights previous day and week ranges that may serve as key support or resistance levels in subsequent trading sessions. Customizable Display Options: Offers the flexibility to show or hide daily and weekly ranges based on your trading needs. Color Customization: Adjust the color settings to differentiate between upward and downward movements, enhancing visual clarity and chart readability. This indicator is ideal for traders aiming to understand market dynamics better, offering insights into potential pivot points and zones of price stability or volatility.
Pine Script® indicator
by tkarolak
30
MUJBOT - ADVANCED DAILY OPENTitle: MUJBOT - ADVANCED DAILY OPEN Description: The "MUJBOT - ADVANCED DAILY OPEN" is a versatile and user-friendly TradingView indicator designed to enhance daily trading strategies by highlighting the daily open price on the chart. This indicator is particularly useful for traders who focus on intraday price movements around the opening price of the trading day. Key Features: Daily Open Line: Visually represents the opening price of each trading day on the chart, providing a clear reference point for the day's initial market sentiment. Dynamic Testing Counter: Keeps track of how many times the price tests or crosses the daily open level within the day. This feature offers insight into the significance and market reaction to the daily open price. Customizable Display: Includes an option to show or hide the daily open line and the testing counter label. Traders can easily toggle the display according to their preference, keeping their charts uncluttered. Real-Time Updates: The label and line are dynamically updated in real-time with each new price bar, ensuring traders have the most current information at their fingertips. Simplicity and Efficiency: With a straightforward design, the indicator adds minimal complexity to the chart while providing valuable trading information. Usage: Intraday Trading: Ideal for intraday traders, the indicator helps in identifying how the current price is behaving relative to the opening price, which can be a crucial factor in decision-making. Support and Resistance: The daily open can act as a natural support or resistance level. Monitoring how the price interacts with this level can provide insights into potential breakout or reversal opportunities. Trend Analysis: Observing the frequency of the daily open price being tested can give clues about the day's trend strength and potential continuation or reversal. Customization Options: Toggle the visibility of the daily open line and label. The line extends six bars ahead from the daily open for clear visibility. The label displays the daily open price and the count of how many times it has been tested. Conclusion: The "MUJBOT - ADVANCED DAILY OPEN" indicator is a valuable tool for traders who emphasize the importance of the daily open in their trading strategy. Its simplicity, combined with real-time tracking features, makes it an essential addition to the trader's toolkit on TradingView. Feel free to modify or add any additional details specific to your trading strategy or indicator functionality.
Pine Script® indicator
by Johny_ZenAlgo
Percent Change of Day [ilovealgotrading] OVERVIEW: This indicator aims to effectively show us the percentage change of the price within the time frame we have chosen. What is the purpose of this indicator? This indicator shows how the price changes for each bar at different time frames we have chosen. By examining the percentage change in different time periods, we can easily look at the change in the face of the market during the time interval. Also if the price is above or below the value of 0 during the specified time, the color of our percentage line changes. IMPLEMENTATION DETAILS: First of all, let's understand How to Calculate Percent Change? The difference between the old and new value of a quantity given in percentages is known as a percent change. It's rather simple to calculate the % difference between two given quantities. The formula is given by; Example The price of a kilo of rice went from 10$ to12.5$, what is the percentage change? Explanation • The old value of sugar = $ 10 • New value = $12.5 • Now apply the percent change formula; • Percentage change = ×100% = x 100% = (2.5/10) x 100% = 25% In this case, the percent change is positive and therefore, it is an increase. How Is Percentage Change Used in Finance? In the world of finance, percentage change is frequently used to analyze changes in the value of stocks or major market indexes over time. Percentage change is used for many purposes in finance, most notably to track the price change of stocks market and crypto market. What can we change from the settings panel ? We can set time frame setting of the percentage change from place number 1 We are able to adjust the changing color if the percentage change is above or below zero from place 2 and 3 ALSO: Please do not open trades without properly managing your risk and psychology!!! If you have any ideas what to add to my work to add more sources or make calculations cooler, suggest in DM .
Pine Script® indicator
by projeadam
3
Multi TF High/Low/Open/Close LineNOTE: I'm not sure why the screengrab isn't showing the lines. They are there, and when I share the chart from this link they are there.... idk This is a requested spin-off version of my previous HLOC for the Daily/Weekly/Monthly that allows users to choose 3 different timeframe units (Mins, Hours, Days, etc...) from the dropdown menu and then select the lookback period in which to draw the HLOC. I've had quite a few requests to allow users to see multiple lookbacks for the same timeframe unit, mostly weekly, and I did not wish to change that particular script for that purpose. However, I was able to take the existing script and alter it for user input. This indicator draws a line on the TF 1, TF 2, and TF 3 bar at the High, Low, Open and Close of user input Timeframe unit and selected lookback period. The lookback period will go back the number of candles entered. So for example if you choose a 5 Min chart with a lookback of 3, the lines will be drawn on the HLOC 3 closed 5 min candles back. Selecting 0 will show data on the current Real-Time candle. An example of a request I have gotten was for last week, the previous week and the previous month. The settings for that would be: TF 1 - 1 week Lookback 1, TF 2 - 1 week Lookback 2, TF 3 - 1 month Lookback 1. Each set of lines has an optional identifying label with its own color set that can be shown with or without price value, and has drop down menus for size and style of each set of labels. The TF unit value is displayed on the label, but not the lookback. So if you are using the hourly on all 3 TF's with different lookback periods, they will all say "60" on the label. I recommend using the line and label options to distinguish between the different lookback values. Each set of lines has inputs for line/text color, line width and style and each line argument can be selected independently. In the chart example I have displayed only the High and Low on three 1 hour TF's with the lookback of 4, 5 and 6 candles with the labels descending in size. With this data I can see that over the last 6 hours the price of ES is in an descending pattern and I should be on alert for a break. Since I trade ES in RTH on a much lower timeframe, this data can alert me to a bigger picture potential trend change or continuation. I would personally use this with pivot data for timing and look for entries in areas of high volume that moved price to a new high or low that have not been retested. I will be looking to add a user input offset for labels in the future. I have had bad luck with it in the past working for a couple weeks and then throwing an error, but I will look into it again soon. I also recommend going into Chart Settings/Status Line and turning off indicator arguments OR moving the script to the top of the indicator list to avoid obstructed chart view with this indicators arguments. When script allows, I will update it to hide them.
Pine Script® indicator
by goofoffgoose
9
Daily Levels Suite + Market BreadthThere are many levels suites out there but many of them use the line series and/or label series to create multiple levels. Pine v5 provides the capability to use line arrays and labels so I wanted to create some code that is extensible to add additional lines/levels and labels to an array of lines with very little effort. There is also some Market Breadth info that can be shown in the corners of the chart to allow a user to understand how the broader markets are moving compared to the security they are charting. Current Levels provided are as follows: Today's Open Previous Days Close Previous Days High/Low Previous Days 50% T+2 High/Low All levels and the market breadth table is configurable to be hidden or shown based upon the user's desire.
Pine Script® indicator
by mcthatsme
130