15M High and Low Two Horizontal Lines
Description:
This indicator is designed for traders who use the 1-minute chart for scalping and want to monitor the price levels of the most recently closed 15-minute candle.
The indicator automatically identifies the highest price (High) and lowest price (Low) of the previous completed 15-minute candle and displays these levels as two yellow horizontal lines on the 1-minute chart.
Key Features:
Previous 15M High: A yellow horizontal line marking the highest price of the last completed 15-minute candle.
Previous 15M Low: A yellow horizontal line marking the lowest price of the last completed 15-minute candle.
Automatic Updates: Both lines update every 15 minutes, immediately after a new 15-minute candle begins.
Extended Lines: Both horizontal lines extend to the right, making important price levels easy to identify.
Clean Chart: Only two lines are displayed at any time. Previous lines are automatically deleted.
No Repainting: The levels are calculated exclusively from completed 15-minute candles and remain unchanged during the current 15-minute period.
Customizable Appearance: Traders can adjust the line color and thickness.
How It Works:
For example, at 10:15, the indicator displays the High and Low of the 15-minute candle formed between 10:00 and 10:15.
At 10:30, the previous lines are automatically removed and replaced with the High and Low of the candle formed between 10:15 and 10:30.
This process continues automatically throughout the trading session.
Trading Applications:
The indicator helps traders identify short-term support and resistance levels, potential breakout opportunities, liquidity sweeps, and price rejections.
It is particularly useful for scalping instruments such as US30, US100, and XAUUSD.
Important: This indicator does not generate BUY or SELL signals. It provides price reference levels that traders can use as part of their own trading strategies.
This indicator is designed for traders who use the 1-minute chart for scalping and want to monitor the price levels of the most recently closed 15-minute candle.
The indicator automatically identifies the highest price (High) and lowest price (Low) of the previous completed 15-minute candle and displays these levels as two yellow horizontal lines on the 1-minute chart.
Key Features:
Previous 15M High: A yellow horizontal line marking the highest price of the last completed 15-minute candle.
Previous 15M Low: A yellow horizontal line marking the lowest price of the last completed 15-minute candle.
Automatic Updates: Both lines update every 15 minutes, immediately after a new 15-minute candle begins.
Extended Lines: Both horizontal lines extend to the right, making important price levels easy to identify.
Clean Chart: Only two lines are displayed at any time. Previous lines are automatically deleted.
No Repainting: The levels are calculated exclusively from completed 15-minute candles and remain unchanged during the current 15-minute period.
Customizable Appearance: Traders can adjust the line color and thickness.
How It Works:
For example, at 10:15, the indicator displays the High and Low of the 15-minute candle formed between 10:00 and 10:15.
At 10:30, the previous lines are automatically removed and replaced with the High and Low of the candle formed between 10:15 and 10:30.
This process continues automatically throughout the trading session.
Trading Applications:
The indicator helps traders identify short-term support and resistance levels, potential breakout opportunities, liquidity sweeps, and price rejections.
It is particularly useful for scalping instruments such as US30, US100, and XAUUSD.
Important: This indicator does not generate BUY or SELL signals. It provides price reference levels that traders can use as part of their own trading strategies.
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.
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.