Daily Levels

Overview:
The Daily Levels indicator plots key price levels from the previous trading day, including the high, low, median (pivot), and projected extensions. These levels help traders identify potential support/resistance zones and anticipate breakout or reversal opportunities.

Key Features:
✅ Previous Day High & Low – Visualizes the prior day’s high and low as dynamic support/resistance levels.
✅ Median (Pivot) Line – Calculates the midpoint between the previous day’s high and low, acting as a key intraday reference.
✅ Projected Levels – Extends the high/low range symmetrically above and below the median, highlighting potential breakout zones.
✅ Customizable Display – Toggle visibility, adjust colors, and modify line styles (solid, dotted, dashed).
✅ Price Labels – Clear on-chart labels showing exact price values for quick reference.
✅ Built-in Alerts – Get notified when price crosses any of the key levels.

How to Use:
Trend Identification: If price holds above the median, the bias is bullish; below suggests bearish momentum.

Breakout Trading: Watch for moves beyond the projected levels for potential continuation.

Mean Reversion: Fade moves toward the previous day’s high/low if the median holds as support/resistance.

Ideal For:
Day Traders – Intraday support/resistance levels.

Swing Traders – Context for multi-day trends.

Breakout/Reversal Strategies – Clear levels for trade triggers.

Settings Recommendations:
High/Low Lines: Use semi-transparent colors (e.g., green/red) for clarity.

Projections: Helpful for anticipating extended moves (e.g., teal for upper, orange for lower).

Alerts: Enable notifications for key crosses (e.g., median or high/low breaks).