Here is the 4H and I have attached the indicator for you to add to your charts. I hope it helps in your decision making. Obviously if price is opposite of the red line from the direction you want to trade you may want to think twice about the trade. Perhaps you are in a reversal, you think you are in a DT but it is above the open line. You may want to wait to see if it comes back below the line again. Here is the final pic for now. Enjoy. Indicator goes into the indicators folder. It will draw the weekly open on any lower chart so you can study this on any time frame.
10.1 W1MA.mq4 4 KB | 649 downloads