This document defines a study that plots weekly and monthly zones for a security. It calculates the average weekly and monthly ranges over different time periods, then plots bands around the open based on these averages to identify support and resistance zones on weekly and monthly timeframes. The weekly zones are plotted in blue and the monthly zones in green. Inputs allow toggling the display of the weekly and monthly zones.
This document defines a study that plots weekly and monthly zones for a security. It calculates the average weekly and monthly ranges over different time periods, then plots bands around the open based on these averages to identify support and resistance zones on weekly and monthly timeframes. The weekly zones are plotted in blue and the monthly zones in green. Inputs allow toggling the display of the weekly and monthly zones.
This document defines a study that plots weekly and monthly zones for a security. It calculates the average weekly and monthly ranges over different time periods, then plots bands around the open based on these averages to identify support and resistance zones on weekly and monthly timeframes. The weekly zones are plotted in blue and the monthly zones in green. Inputs allow toggling the display of the weekly and monthly zones.