icostan

Price breaks

This indicator displays the High/Low/Close of the previous day/week/month as horizontal lines. Of course, everything is configurable but to keep it simple and non-intrusive it only displays:
  • month's H/L/C levels on D time frame (drawn as circles)
  • week's levels on 4h (as crosses)
  • day's levels on 1h (as line)

These levels act as support / resistance over and over again, see current (08/24/2020) BTCUSD chart, the previous month's close (blue circles) did act as support and held on 08/11, also prev month's high (red circles) was not broken on 08/21. Once these levels break we might see lower prices but so far both of them act as good support to consider.
Informacje o Wersji: Add a small feature to display month/week/day's price levels on all intraday time frames. Enabled by default and customizable in Settings.
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Komentarze

Hey!

This is quite effective in daily time frame. However, this indicator isnt showing levels when time frame is set to 1 hour. Could you please help?

Thanks in advance :D
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icostan akumar1057
@akumar1057, it is on purpose to keep everything clean, on 1h time frame it will be too crowded to display all levels but I will think about it and make an optional setting. Stay tuned...
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