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Historical Week Levels

Indicator builds the following historical week levels:

  • Resistance Levels — a price level above which it is supposedly difficult for a security or market to rise:
    • R3 Week — weekly resistance price #3;
    • R2 Week — weekly resistance price #2;
    • R1 Week — weekly resistance price #1;
  • Support Levels — a price level below which it is supposedly difficult for a security or market to fall.
    • S1 Week — weekly support line price #1;
    • S2 Week — weekly support line price #2; 
    • S3 Week — weekly support line price #3;
  • Extremes Levels — a maximum and minimum price of a week:
    • High Week — maximum week price;
    • Low Week — minimum week price;
  • Forecast Extremes Levels — a maximum and minimum forecast price of a week:
    • Project High Week — maximum forecast week price;
    • Project Low Week — minimum forecast week price;
  • Middle Week — middle week price;
  • Period levels — an open and close price of the week:
    • Open Week — opened week price;
    • Close Week — closed week price;
  • Direct Week — forecast direction of week price;
  • Redirect Week — weekly price, where the direction of price movement has changed.


Indicator parameters:

  • History week limit:
    • 0 — no limits (default);
    • N — display N weeks;
  • OpenColor — color for open week level (default: Blue);
  • OpenLineStyle — line style for open week level (default: Solid);
  • CloseColor — line style for close week level (default: Blue);
  • count:
    • 0 — display levels based on calculation current week; 
    • 1 — display levels based on calculation previous week (default);
    • N — display levels based on calculation previous N week;
  • MiddleColor — color for middle week level (default: Yellow);
  • RedirectColor — color for redirect week level (default: Aqua);
  • HighColor — color for high week level (default: Red);
  • LowColor — color for low week level (default: Green).
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Indicator builds the following historical day levels Resistance Levels — a price level above which it is supposedly difficult for a security or market to rise: R3 Day — daily resistance price #3; R2 Day — daily resistance price #2; R1 Day — daily resistance price #1; Support Levels — a price level below which it is supposedly difficult for a security or market to fall. S1 Day — daily support line price #1; S2 Day — daily support line price #2; S3 Day — daily support line price #3; Extremes Level
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