Daily Close Levels with ATR and Custom Offsets

5小时前

Description:
This Pine Script visualizes daily close levels, calculates key price zones based on custom offsets and ATR (Average True Range), and is an essential tool for traders analyzing support and resistance zones.

Features

• Close Value Line: Displays the daily close value as a line on the chart.
  
• ATR Values: Shows the ATR value in both price and tick format.
  
• Custom Offsets:
  Calculates positive and negative price levels based on a user-defined tick offset.
  Supports multipliers for extended zones (e.g., 2x offset).
  
• Labels:
  Displays the close value and ATR on the chart.
  Annotates calculated price levels directly on the corresponding lines.
  
• Time Control: Calculates levels at a user-defined hour (e.g., 20:00).
  

Customizable Parameters:

• Close Time (Hour): Choose the specific hour for analyzing the close price.
  
• Custom Line Offset: Define the price offset in ticks.
  
• ATR Length: Adjust the ATR calculation length.
  
• Timezone Offset: Supports time adjustments for different time zones.
  
• Enable/Disable Labels and Values: Toggle the display of labels and values on the chart.
  

5小时前

版本注释

Adjusted Label Positioning:

• The labels for the custom close value and ATR have been updated to use style_label_right.
  
• This change ensures that the labels do not overlap with plotted lines, improving chart clarity and readability.