OPEN-SOURCE SCRIPT
DayFrame
Day Frame Levels Indicator
This indicator provides a simple yet powerful way to define your daily trading structure using three key price levels.
The core concept is based on a central reference price (Day Frame), from which the upper and lower levels are automatically calculated at a fixed distance of 500 points. These levels help traders identify potential zones of support, resistance, and market reaction.
Key Features:
Central level (Day Frame) can be manually adjusted
Automatic calculation of:
Day Frame UP (above the central price)
Day Frame DOWN (below the central price)
Fixed distance (500 points) ensures consistency in analysis
Clean horizontal lines across all timeframes
Right-side information panel (fixed position) for easy reference
Works on any timeframe without recalculation issues
How to Use:
Set your desired Middle Price (Day Frame)
The indicator will automatically generate:
Upper level = Middle Price + 500 points
Lower level = Middle Price - 500 points
Use these levels as:
Support / Resistance zones
Intraday structure reference
Entry / Exit planning areas
This tool is ideal for traders who prefer structured, rule-based price zones instead of dynamic indicators.
This indicator provides a simple yet powerful way to define your daily trading structure using three key price levels.
The core concept is based on a central reference price (Day Frame), from which the upper and lower levels are automatically calculated at a fixed distance of 500 points. These levels help traders identify potential zones of support, resistance, and market reaction.
Key Features:
Central level (Day Frame) can be manually adjusted
Automatic calculation of:
Day Frame UP (above the central price)
Day Frame DOWN (below the central price)
Fixed distance (500 points) ensures consistency in analysis
Clean horizontal lines across all timeframes
Right-side information panel (fixed position) for easy reference
Works on any timeframe without recalculation issues
How to Use:
Set your desired Middle Price (Day Frame)
The indicator will automatically generate:
Upper level = Middle Price + 500 points
Lower level = Middle Price - 500 points
Use these levels as:
Support / Resistance zones
Intraday structure reference
Entry / Exit planning areas
This tool is ideal for traders who prefer structured, rule-based price zones instead of dynamic indicators.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.