Previous H/Ls and Forecast H/L
Plots the previous periods High and Lows (black crosses) and forecasts the next day's High and Lows (gray crosses)
//Created by Lachlan Smith 31/03/15 // Updated to included projected high and lows //Daily and Weekly study(title="High and Lows", shorttitle="H&L + forecast", overlay=true) //Data setup dHigh = security(tickerid, 'D', high[1]) dLow = security(tickerid, 'D', low[1]) dClose = security(tickerid, 'D', close[1]) dOpen = security(tickerid, 'D', open[1]) wHigh = security(tickerid, 'W', high[1]) wLow = security(tickerid, 'W', low[1]) wClose = security(tickerid, 'W', close[1]) wOpen = security(tickerid, 'W', open[1]) //Daily projectedHigh = dClose < dOpen ? ((dHigh + dClose + 2*dLow)/2 - dLow) : dClose > dOpen ? ((2*dHigh + dLow + dClose)/2 - dLow) : ((dHigh + dLow + 2*dClose)/2 - dLow) projectedLow = dClose < dOpen ? ((dHigh + dClose + 2*dLow)/2 - dHigh) : dClose > dOpen ? ((2*dHigh + dLow + dClose)/2 - dHigh) : ((dHigh + dLow + 2*dClose)/2 - dHigh) plot(isintraday ? dHigh : na, title="Daily High",style=cross, color=black,linewidth=2) plot(isintraday ? dLow : na, title="Daily Low",style=cross, color=black,linewidth=2) plot(isintraday ? projectedHigh : na, title="Forecast High",style=cross, color=gray,linewidth=2) plot(isintraday ? projectedLow : na, title="Forecast Low",style=cross, color=gray,linewidth=2) //weekly projectedWHigh = wClose < wClose ? ((wHigh + wClose + 2*wLow)/2 - wLow) : wClose > wClose ? ((2*wHigh + wLow + wClose)/2 - wLow) : ((wHigh + wLow + 2*wClose)/2 - wLow) projectedWLow = wClose < wClose ? ((wHigh + wClose + 2*wLow)/2 - wHigh) : wClose > wClose ? ((2*wHigh + wLow + wClose)/2 - wHigh) : ((wHigh + wLow + 2*wClose)/2 - wHigh) plot(isdaily ? wHigh : na, title="Weekly High",style=cross, color=black,linewidth=2) plot(isdaily ? wLow : na, title="Weekly Low",style=cross, color=black,linewidth=2) plot(isdaily ? projectedWHigh : na, title="Weekly Forecast High",style=cross, color=gray,linewidth=2) plot(isdaily ? projectedWLow : na, title="Weekly Forecast Low",style=cross, color=gray,linewidth=2)