Following my previous script: Automatic Half Price, I am releasing this indicator which plots the half prices of yesterday, previous week and previous month.
Automatic Half Price
Similar to previous day's half and today's half prices, last week's half and last month's half are often recognized as support and resistance.(see the sample chart below)
Sample chart
Features; -Draw the following prices 1. Yesterday's half price and to be displayed on 4hour timeframe or below 2. Last week's half price and to be displayed on daily timeframe or below 3. Last month's half price and to be displayed on weekly timeframe or below
Note; those prices are drawn depending on the timeframe that users are on, based on the concept that lower timeframe data should not be shown on higher timeframe.
-Look back period Users can input the number of candlesticks to look back to draw half prices.