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:
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.
- 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.
Release Notes:
Add a small feature to display month/week/day's price levels on all intraday time frames. Enabled by default and customizable in Settings.
Release Notes:
- Upgrade script to Pine 5 and rewrite logic
Release Notes:
Configurable history settings for all time frames (D, W, M) and all price levels (H, L, C).