OPEN-SOURCE SCRIPT
RTH Previous Day Levels | VAH VAL POC PDH PDL
# Previous Day RTH Levels | VAH, VAL, POC, PDH & PDL
This indicator automatically plots five key price levels from the previous trading day's Regular Trading Hours (RTH) session, helping traders identify important areas of support, resistance, liquidity, and potential price acceptance or rejection.
Designed primarily for Nasdaq futures (NQ/MNQ), the indicator uses the New York RTH session (9:30 AM–4:00 PM ET).
### Key Features
- **PDH (Previous Day High):** The highest price reached during the previous RTH session.
- **PDL (Previous Day Low):** The lowest price reached during the previous RTH session.
- **VAH (Value Area High):** The upper boundary of the calculated value area.
- **VAL (Value Area Low):** The lower boundary of the calculated value area.
- **POC (Point of Control):** The price level with the highest estimated trading volume.
### Customization
- Individually enable or disable all five levels.
- Adjust volume profile resolution.
- Customize the value area percentage (70% default).
- Automatically updates levels for each new trading session.
### Trading Applications
Useful for identifying liquidity sweeps, breakouts, reversals, support and resistance, and price acceptance or rejection around previous-session levels.
### Important Notes
Volume profile levels are calculated using an estimated distribution of candle volume across price ranges. Results may differ from TradingView's built-in Volume Profile tools.
Designed for intraday charts, particularly the 5-minute timeframe.
**Disclaimer:** This indicator is intended for educational and technical analysis purposes only. It does not generate buy or sell signals and should not be considered financial advice.
This indicator automatically plots five key price levels from the previous trading day's Regular Trading Hours (RTH) session, helping traders identify important areas of support, resistance, liquidity, and potential price acceptance or rejection.
Designed primarily for Nasdaq futures (NQ/MNQ), the indicator uses the New York RTH session (9:30 AM–4:00 PM ET).
### Key Features
- **PDH (Previous Day High):** The highest price reached during the previous RTH session.
- **PDL (Previous Day Low):** The lowest price reached during the previous RTH session.
- **VAH (Value Area High):** The upper boundary of the calculated value area.
- **VAL (Value Area Low):** The lower boundary of the calculated value area.
- **POC (Point of Control):** The price level with the highest estimated trading volume.
### Customization
- Individually enable or disable all five levels.
- Adjust volume profile resolution.
- Customize the value area percentage (70% default).
- Automatically updates levels for each new trading session.
### Trading Applications
Useful for identifying liquidity sweeps, breakouts, reversals, support and resistance, and price acceptance or rejection around previous-session levels.
### Important Notes
Volume profile levels are calculated using an estimated distribution of candle volume across price ranges. Results may differ from TradingView's built-in Volume Profile tools.
Designed for intraday charts, particularly the 5-minute timeframe.
**Disclaimer:** This indicator is intended for educational and technical analysis purposes only. It does not generate buy or sell signals and should not be considered financial advice.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.