Mtl Weekly

23 בנוב׳ 2023

This Pine Script indicator for TradingView calculates and plots a line on the weekly chart, representing the average of the weekly high and low prices. The script uses conditional statements to determine and update the weekly high and low values. The calculated average is then plotted as a line on the chart in blue color. This indicator helps visualize the central point between weekly highs and lows, providing insights into potential trend directions.