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OPEN-SOURCE SCRIPT

Previous Day and Week Ranges

By tkarolak
Updated
I've designed the "Previous Day and Week Ranges" indicator to enhance your trading strategy by clearly displaying daily and weekly price levels. This tool shows Open-Close and High-Low ranges for both daily and weekly timeframes directly on your trading chart.

Key Features:

  • Potential Support and Resistance: The indicator highlights previous day and week ranges that may serve as key support or resistance levels in subsequent trading sessions.
  • Customizable Display Options: Offers the flexibility to show or hide daily and weekly ranges based on your trading needs.
  • Color Customization: Adjust the color settings to differentiate between upward and downward movements, enhancing visual clarity and chart readability.


This indicator is ideal for traders aiming to understand market dynamics better, offering insights into potential pivot points and zones of price stability or volatility.
Release Notes
Minor bug fix
Release Notes
Changelog
  1. Significant code refactor for faster execution.
  2. Visualizes open-close and high-low values as labels with tooltips for the previous day and week.
  3. Plots lines and labels for the Point of Control (POC) of the previous day and week.
Release Notes
New functions and type:
  • Introduced RangeColors type for improved color management.
  • renderLine function for easier creation and updating of lines.
  • copyAndClear method to handle data copy and clearing between BarArrays.
Release Notes
nothing important
Release Notes
Added max_bars_back that sets the maximum number of bars that is available for historical reference to prevent cache issue
Release Notes
Fixed issue with lines not being redrawn correctly by using persistent variables for line objects.
Release Notes
max_bars_back fixed
Release Notes
Change log:
  • Updated color scheme
  • Added transparency to fill color
  • getPoc() function changed
Release Notes
Change log:
  • getPoc() function uses math.floor now
Release Notes
Chart update
Release Notes
Added new Method to
Initializes the arrays within the `BarArrays` instance to empty arrays.
Release Notes
Rolling back to the previous version, the method for BarArrays object init has been removed
Release Notes
Changes to getPoc() Function:
  1. Proportion Logic Implementation: Added detailed volume allocation logic for full, partial, and complete slot overlaps.
  2. Data Validation: Included checks to handle empty data sets.
  3. Enhanced Index Bounds Validation: Improved index bounds validation for consistent calculations.
Release Notes
added Value Area High (VAH), and Value Area Low (VAL) calculation and plots
Release Notes

  1. Added previous Month OHLC levels
  2. Added a runtime error to verify timeframe validity and the presence of volume data
Release Notes
Added new Custom Type for set of Lines
Release Notes
Added line descriptions with the option to display Text Label, Value, or both
Release Notes
Refactored and optimized the `getPocVahVal()` function for improved computational efficiency.
Release Notes
Made minor adjustments and optimized the code to improve volume profile calculation speed.
Release Notes
Added:
  • label offset
  • current vwap

Release Notes
Added another Addon:
- session volume profile PoCs (historical Pocs)
- naked / untapped Pocs
Release Notes
Had to revert the nPoc rendering. It will be included in the next update after resolving the issue.
Release Notes
New Addon: Added Session Volume Profile (SVP) and rendering of the Nearest Naked (untapped) Point of Control.
Release Notes
Displays Session Volume Profiles (SVP) with the nearest naked Points of Control (PoC) above and below the current price.
Release Notes
Enhancements:

  • markVisitedPocs(): Improved logic to mark Point of Control (PoC) lines as visited. The function now iterates through PoC levels more efficiently, updating the line color and marking the PoC as not naked when it falls within the current bar’s high and low range.
  • selectNakedPOCs(): Enhanced functionality to select the last two naked PoC levels, one above and one below the current close. The function now handles edge cases and ensures accurate selection of PoC levels, improving overall reliability and performance.
Release Notes
Fixed an issue where the Previous Day POC was naked and resulted in two lines being plotted. Now, only a single line is displayed without overlaps.
Release Notes
Resolved overlapping of daily, weekly, and monthly lines.
Release Notes
Improved lines and labels rendering
Release Notes
renderLine function optimized
dailyanalysisDAYnakedpocPOCrangesresistencestatisticssupportVolume Profileweekweeklyanalysis

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.

Want to use this script on a chart?

tkarolak
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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.