It turned out not to be that easy to plot the close of the previous week in hourly or daily charts. In my first experiments things went wrong on Friday or intraday if you simply use the security function. So here is the thing with an algorithm that guaranties the correct value.
Simple script to show you mondays and fridays and to show you the current open and previous close price plus current close on the candle you are sitting on.
I use this script to back test options strategies, and to look for major price divergence.
This is meant to be used on day candles.
Illustrates open and close of the superior candles; the timeframe is choosable from pulldown menu.
Label shows the price of the open and indicate chosen superior candle's status (bull/bear) according to the current close.
This indicator is developed for a higher timeframe such as a 1-hour chart - up to Daily chart. The indicator will not work on every indices, currencies, stocks, you will see if the indicator work or not.
This indicator measures Abnormal Closes in relation to previous ones. The idea is that when an abnormal close appears...
This is a graphical representation of things you see everyday in your watchlists - % Changes. This tool uses the entire history of an instrument. Different instruments have different distributions.
Indicator to show previous open and close of a certain time frame.
Available timeframe :
You can disable previous option to show actual data but result will be 'weird' as it works on futur data (non closed candles).
When plotted, circle show open and cross show close. Color dependson the TF.
What is a Pivot Point?
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. On the subsequent day, trading above the pivot point is thought to indicate ongoing...
This will plot your choice of OHLC (or any of the averaging choices) of the current candle compared to the previous candle.
For example if you choose "high" for the input and set the chart to daily, you'll see the currently daily high vs the previous daily high.
Green candle represent a higher high and the length of the candle represents how much higher.
Variable EMA length based on candle closes.
Current candle is greater/lesser than previous candle close in successive periods = add to the length
In the case of reversals, price tends to spike up, retrace, then reverse. In that event, the EMA resets length to catch up before a full reversal occurs.
When price moves uniformly in one direction, the EMA length...
Another indicator that shows Open, High, Low, Close on multiple timeframes.
It can be used to discover possible support/resistance areas on lower timeframes.
Other indicators may do the same thing but just added some custom timeframes