This is a modification of two scripts by RobMinty, "FXN - Asian Session Range" and "FXN - Week and Day Separator". Both scripts provide functionality to track and separate trading sessions, days, and weeks for the user. Since both scripts have the common purpose of tracking trading times, the modification was made to combine the two into one indicator.
This indicator plots the below levels in the chart.
Note: This is not a buy/sell recommendation. Reach Simple Trader to understand how to trade these levels.
Current day open,
Prev. day close,
Prev. day high,
Prev. day low.
Prev. week high,
Prev. week low,
Prev. month high,
Prev. month low.
This script is designed to be used on Swing and Position style approaches.
Based on moving averages that I use with the integration of a weekly moving average that is visible on the daily chart /all timeframes.
The moving averages are:
10 week SMA ;
Base script from CaptainBrett with Matt Caruso's chat with Richard Moglen...