DW-MTF-Close Price(1W/3D) as Support Line

This simple study shows closing price of [up to 2] higher timeframes on your chart. Be sure to use a lower timeframe on your chart itself.

Release Notes

Repainting Removed

Release Notes

Updated according to rules (RSI's removed). Code cleaned up.

Release Notes

This Indicator has been enhanced.

In the past, only Close price could used for the 2 support lines. With this update it is possible to select source - Open, High, Low, Close etc. This is especially useful for tracking price movements on e.g. 15m within 4h low and high support lines.

Example 1:
Support line 1 - 1 DAY close
Support line 2 - 3 DAY close
2 support lines for buying and selling above/below.

Example 2:
Support line 1 - 4h LOW
Support line 2 - 4H HIGH
If your current timeframe on chart is 15m, track the prices changes within the LOW/HIGH of 4h

Release Notes

Default colors changed to blue and purple

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.

techno_junkie

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.

Open-source script

For quick access on a chart, add this script to your favorites — learn more here.

techno_junkie