OPEN-SOURCE SCRIPT
Weekly/Daily Cross & Bias Confirmation
Updated
This indicator plots the weekly and daily open in addition to a current close price line.
It also signals when price closes above or below the daily and weekly opens.
Also, the bull/bear bias is painted on this indicator as well.
It also signals when price closes above or below the daily and weekly opens.
Also, the bull/bear bias is painted on this indicator as well.
- Black is the weekly open
- Silver is the daily open
- Weekly is default black arrows. Up is going above open, down is going below
- Daily is default aqua arrows. Up is going above, down is going below
Release Notes
Added the following (all plots can be edited and turned off/on in settings).- Daily close
- Daily High
- Daily Low
Release Notes
Added alerts. Now you can can setup alerts for daily and weekly open crosses.To use these alerts in the alert window select "close price" as the value and in the alert section select one of the options:
Example: Move Above Weekly Open
This will fire alert if price closes above weekly open.
Keep in mind if you want to set alerts for all crosses you have set each one individually for each security you want alert for. These alerts are specific to chart.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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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.