HTF & PD/PM Levels

Tired of mapping your own levels every morning? Look no further! This script automatically maps out and updates HTF & PD/PM Levels along with ATH. I personally use these as confirmation zones with EMA & VWAP, RSI, and Volume... but alone, these levels mark major support and resistances.

What are they?

🏰 HTF Levels — “Big Grown-Up Lines”

HTF = Higher Time Frame
Think of your price chart like a big map. HTF levels are the important lines from bigger chunks of time:

>Daily (yesterday’s close, high, low)

>Weekly (this week’s open, high, low, close)

>Monthly (this month’s open/close)

Why they matter:
These are like big walls and floors that price often bounces off or stops at. Big traders (institutions) watch them because they show where a lot of buying or selling happened before.

⏰ PD & PM Levels — “Yesterday & Morning Clues”

PD = Previous Day

>PDH = Previous Day’s High

>PDL = Previous Day’s Low

>PDC = Previous Day’s Close

PM = Pre-Market

>PMH = Pre-Market High

>PML = Pre-Market Low

>ATH = All-Time High

Why they matter:
These tell you where price moved when most regular traders weren’t awake yet (pre-market) and where it ended up yesterday. Price often revisits or reacts to these spots.

⚡ How Options Traders Use Them

Support & Resistance:
If price is near an HTF or PD/PM level, it might stop and turn around there (like a ball hitting a wall) or it might use it as a launchpad to the next level if it breaks.

Entry & Exit Spots:
Traders might buy calls (bet price goes up) if it breaks above an important level, or puts (bet price goes down) if it breaks below.

Risk Management:
These levels give clear spots to set stops and targets — “If price breaks this level, I’m out.”

Super Simple Picture:

HTF = big important levels from days, weeks, months.

PD/PM = yesterday’s and morning’s clues where price already moved.

Traders use them to guess where price might bounce or break to plan option trades safely.