Previous Week & Day High/Low

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Previous Week & Day High/Low Indicator

The Previous Week & Day High/Low Indicator is designed to provide traders with key support and resistance levels based on historical price data. It automatically plots the previous day's and previous week's highs and lows as horizontal lines, offering a clear visual reference for potential breakout or reversal zones.

Features:

Clear Visual Levels: Displays previous day's highs and lows in green and red for easy identification.

Weekly Context: Plots previous week's highs and lows using distinct color-coded lines.

Real-Time Updates: Adjusts to new weekly and daily highs and lows as they are confirmed.

Labeled Lines: Each level is labeled directly on the chart, ensuring clarity without clutter.

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Phát hành các Ghi chú

Market Maker Levels

Overview:
Market Maker Levels is a powerful indicator designed to highlight the key price levels where institutional activity often leaves its mark. By plotting the previous week's and previous day's highs and lows, this tool provides traders with clear visual references for significant support and resistance zones.

Features:

Institutional Insight: Track key levels often used by market makers to manage liquidity.

Dynamic Range Identification: See how price interacts with past highs and lows.

Visual Clarity: Clearly labeled lines with extended visibility for easy decision-making.

Customizable: Adjust line colors, styles, and label sizes to suit your preferences.

How to Use:

Support and Resistance: Market makers often defend key levels. Use these lines to identify strong areas of support and resistance.

Breakout Confirmation: Watch for price breaking through previous highs or lows with momentum.

Reversals and Range Trading: Use the levels to anticipate possible reversals or continuation patterns.

Confluence Zones: Combine with other indicators like VWAP, RSI, or Moving Averages for higher probability trades.

Best For:

Day traders and swing traders looking to identify institutional zones.

Traders using price action or breakout strategies.

Market participants seeking cleaner, more effective chart analysis.

Pro Tip:
Market makers frequently manipulate price near these levels to induce liquidity. Be cautious of false breakouts and wait for confirmation.

Take control of your trading decisions with Market Maker Levels — the institutional insight tool you need to navigate the markets like a pro!

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Phát hành các Ghi chú

✅ Touch Alerts (When Price Hits a Level)
1. Previous Day High:
• Triggers when the current price touches the previous day’s high.
2. Previous Day Low:
• Triggers when the current price touches the previous day’s low.
3. Previous Week High:
• Triggers when the current price touches the previous week’s high.
4. Previous Week Low:
• Triggers when the current price touches the previous week’s low.

🚀 Breakout Alerts (When Price Breaks a Level)
1. Break Above Previous Day High:
• Triggers when the price closes above the previous day’s high.
2. Break Below Previous Day Low:
• Triggers when the price closes below the previous day’s low.
3. Break Above Previous Week High:
• Triggers when the price closes above the previous week’s high.
4. Break Below Previous Week Low:
• Triggers when the price closes below the previous week’s low.

💡 How to Set Alerts in TradingView
1. After applying the indicator to your chart, go to the Alerts tab.
2. Click on Create Alert.
3. Select ‘Market Maker Levels with Alerts’ from the list of conditions.
4. Choose your desired alert message (e.g., “Price touched Previous Day High”).
5. Set how you’d like to be notified (e.g., popup, email, or mobile notification).
6. Confirm and click Create.

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Phát hành các Ghi chú

Update to alerts.

30 thg 3

Phát hành các Ghi chú

Updated to detect same level for day/week high lows

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Phát hành các Ghi chú

offset labels to the right.

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Fixed premature alerts.

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Phát hành các Ghi chú

Added price to levels.

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Phát hành các Ghi chú

Alert fix

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Updates to Label, resets lines when session closes.

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Phát hành các Ghi chú

price to labels