Daily Open
The "Daily Open" indicator by Kintsugi Trading is designed to give traders clear and immediate access to daily open prices, enhancing their ability to spot key market levels and make informed trading decisions. The indicator dynamically changes the color of the plotted line based on the current price's relationship to the opening price of the regular...
This is a simple indicator that aids the trader in being able to visualise each trading day of the week;
Key Features
Weekly Open Line
Daily Open Line
Option for Background Lines
Weekly & Daily Open Lines
Information ℹ️
These are vertical lines that are anchored to the hour of the Weekly Open and the hour of each Daily Candle Open. The settings...
Title: MUJBOT - ADVANCED DAILY OPEN
Description:
The "MUJBOT - ADVANCED DAILY OPEN" is a versatile and user-friendly TradingView indicator designed to enhance daily trading strategies by highlighting the daily open price on the chart. This indicator is particularly useful for traders who focus on intraday price movements around the opening price of the trading...
- Draw boxes on the intersections between yesterday's high/low and the day's after high/low
This will help you to visualize areas at extreme points where algo hasn't yet pushed price to recover them
For those who likes clean chart:
I made a simple script that shows Current price based on the last candle color.
Also can show Daily open line based on the daily candle color.
Daily open line is same as strong support and resistance levels.
Mostly price shows strong responces on daily open line.
1: Daily open line color is blue if current price is above the...
This indicator draws key level lines such as daily open, weekly open, monthly open, yearly open, previous daily open, previous weekly open, previous monthly open, previous yearly open, monday daily high and monday daily low to chart. This lines can act either support or resistance but it is just possibility. This lines will help you to find buy and sell places.
This script draws a horizontal line that starts in the daily open (00:00 UTC)
Basically I did this since lots of times price come back down/up to the daily open and then bounces, meaning we can take trades based on this.
Hope you enjoy it.
PD: Took the code from infernix, all the credits to him, I know shit about coding.
Infernix TDV Profile:...
My take on Key Levels script that plots:
- Daily Open
- Weekly Open
- Monthly Open
- Day of Week Range (i.e. Monday Range)
- Initial Balance
Open levels are not visible on higher time frames, such as Daily Open is not visible on Weekly Open nor Monthly Open.
Initial Balance is not visible on the following timeframes: 2H, 4H, 6H, 8H, 1D, 1W and 1M. All other time...
Shows static and dynamic levels which can act as support/resistance. These are important as there is a lot of users who are interested in buying/selling at these prices.
Static Levels include -
Daily/Weekly/Monthly/Yearly Open (changes color depending on if below or above price)
Previous Daily/Weekly/Monthly/Yearly Open
Previous day's High/Low
Dynamic Levels...
This script plots the current daily, weekly and monthly opens (all enabled by default).
Here are some additional info about the drawing behavior:
Daily open is shown only on intraday timeframes
Weekly open is shown only on timeframes < weekly
Monthly open is shown only on timeframes < monthly
I modify existing scripts about Daily High/Low, Daily Open, Previous Daily Close, etc.
Daily High = red color
Daily Low = green color
Daily Mid = blue color
Daily Open = purple color
Previous Daily Close = black color
![AAPL: Daily Open [Kintsugi Trading]](https://s3.tradingview.com/p/PTfOKmZ9_mid.png "Daily Open [Kintsugi Trading]")
