OPEN-SOURCE SCRIPT
Daily/Weekly/Monthly Levels
## Daily/Weekly/Monthly Levels
Automatically draws horizontal levels where consecutive opposite candles meet on Daily, Weekly, and Monthly timeframes.
When a bullish candle is followed by a bearish candle (or vice versa), a level is plotted at their shared close/open — the exact price where momentum reversed.
### Features
- **Multi-timeframe**: Independent levels from Daily, Weekly, and Monthly candles
- **Remove on touch**: Levels automatically disappear once price revisits them
- **Merge nearby levels**: Clusters levels within a configurable % threshold into a single label, defaulting to the higher timeframe's color and line
- **Customizable**: Per-timeframe color, line style, width, and max level count
- **Clean labels**: Fixed-position labels at the chart's right edge that don't shift when zooming
### How it works
The indicator tracks consecutive candles on each higher timeframe. When two adjacent candles have opposite bodies (one bullish, one bearish), the close of the first candle — which equals the open of the second — marks a level where buyers and sellers exchanged control.
### Settings
| Setting | Default | Description |
|---|---|---|
| Label offset | 150 bars | Push labels past the right edge |
| Show Price | On | Include price in label text |
| Remove Touched | On | Remove levels once price crosses them |
| Merge Levels | On | Combine nearby levels into one label |
| Merge Threshold | 1% | Max distance for merging |
| Max Levels | 10 per TF | How many levels to keep per timeframe |
Automatically draws horizontal levels where consecutive opposite candles meet on Daily, Weekly, and Monthly timeframes.
When a bullish candle is followed by a bearish candle (or vice versa), a level is plotted at their shared close/open — the exact price where momentum reversed.
### Features
- **Multi-timeframe**: Independent levels from Daily, Weekly, and Monthly candles
- **Remove on touch**: Levels automatically disappear once price revisits them
- **Merge nearby levels**: Clusters levels within a configurable % threshold into a single label, defaulting to the higher timeframe's color and line
- **Customizable**: Per-timeframe color, line style, width, and max level count
- **Clean labels**: Fixed-position labels at the chart's right edge that don't shift when zooming
### How it works
The indicator tracks consecutive candles on each higher timeframe. When two adjacent candles have opposite bodies (one bullish, one bearish), the close of the first candle — which equals the open of the second — marks a level where buyers and sellers exchanged control.
### Settings
| Setting | Default | Description |
|---|---|---|
| Label offset | 150 bars | Push labels past the right edge |
| Show Price | On | Include price in label text |
| Remove Touched | On | Remove levels once price crosses them |
| Merge Levels | On | Combine nearby levels into one label |
| Merge Threshold | 1% | Max distance for merging |
| Max Levels | 10 per TF | How many levels to keep per timeframe |
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。