This script is meant for stocks that have a pre-market session. It is meant to be used on the 1 min time frame. This script will draw a green line at the high of pre-market, and a red line at the low of pre-market and extend these lines across the regular session day
This makes it easy to see if price action during regular market has broken above pre-market high or broken below pre-market low.
The high/low skips any quick spikes in price action (similar to what happens at 8:30 am every day).
Notas de prensa
⋅
This script is meant for stocks that have a pre-market session. It is meant to be used on the 1 min time frame by default. Higher time frames will need the ATR[2} setting adjusted higher. This script will draw a green line at the high of pre-market, and a red line at the low of pre-market and extend these lines across the regular session day. This makes it easy to see if price action during regular market has broken above pre-market high or broken below pre-market low. The ATR[2] setting adjustment is used to ignore any quick spikes in price action (similar to what happens at 8:30 am every day).
Notas de prensa
⋅
display edits - minor tweaks
Notas de prensa
⋅
Separated the Pre-Market High/Low Lines from the Lines drawn during RTH so that alerts could be used during RTH hours only
Notas de prensa
⋅
reworded a wonky if statement to make more sense
Notas de prensa
⋅
* Major revision to how the code calculates * One line each for PM High and for PM Low. No more dual lines * Alert Conditions for when price breaks above or below the Pre-Market Channel * Cleaned up Code and Labels * Enjoy !
Notas de prensa
⋅
* Changed how the script calculates the High/Low. Now checks the ATR(2) / ATR(14) < ATR Threshold in User Settings. * This allows the Indicator to work much better on higher time frames than it did previously.
Notas de prensa
⋅
* Changed default ATR Threshold percent to 300% as that seemed to be the sweet spot of what I was looking to accomplish finding the general Pre-Market edges, while ignoring quick spikes