OPEN-SOURCE SCRIPT
Daily Levels [SkaleHub]
Overview
An automated, institutional-style tool that draws perfectly straight, subtle lines at the previous day's highest and lowest price points.
The Edge
These daily extremes are closely watched by algorithmic trading systems. They act as natural, high-probability support and resistance levels, giving traders an immediate perspective on where price is likely to bounce, reject, or break out next.
Key Features:
Automated Precision: Completely removes the tedious daily routine of manually drawing support and resistance lines every morning before the bell.
Institutional Context: Highlights the exact liquidity pools (previous day highs/lows) that smart money targets for stop runs and breakouts.
Intraday Auto-Filter: The script is coded to only display on intraday timeframes (like the 5m, 15m, or 1h), automatically hiding itself on Daily or Weekly charts to keep your big-picture analysis completely uncluttered.
How to Use
Apply the indicator to any intraday chart (it will not show up on the Daily chart).
Watch how price reacts when it approaches these lines. If price approaches the Previous Daily High (Orange), anticipate either a strong rejection (short setup) or a high-volume breakout (long setup).
Use the lines as conservative take-profit targets. If you enter a long trade mid-day, the Previous Daily High is an excellent, logical place to exit the trade.
Author's Note
This indicator is part of the SkaleHub Free Starter Library. It is designed to be paired with the SkaleHub Training System to help newer traders build mechanical discipline and systemize their trading process.
An automated, institutional-style tool that draws perfectly straight, subtle lines at the previous day's highest and lowest price points.
The Edge
These daily extremes are closely watched by algorithmic trading systems. They act as natural, high-probability support and resistance levels, giving traders an immediate perspective on where price is likely to bounce, reject, or break out next.
Key Features:
Automated Precision: Completely removes the tedious daily routine of manually drawing support and resistance lines every morning before the bell.
Institutional Context: Highlights the exact liquidity pools (previous day highs/lows) that smart money targets for stop runs and breakouts.
Intraday Auto-Filter: The script is coded to only display on intraday timeframes (like the 5m, 15m, or 1h), automatically hiding itself on Daily or Weekly charts to keep your big-picture analysis completely uncluttered.
How to Use
Apply the indicator to any intraday chart (it will not show up on the Daily chart).
Watch how price reacts when it approaches these lines. If price approaches the Previous Daily High (Orange), anticipate either a strong rejection (short setup) or a high-volume breakout (long setup).
Use the lines as conservative take-profit targets. If you enter a long trade mid-day, the Previous Daily High is an excellent, logical place to exit the trade.
Author's Note
This indicator is part of the SkaleHub Free Starter Library. It is designed to be paired with the SkaleHub Training System to help newer traders build mechanical discipline and systemize their trading process.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
Beau Green
Founder of SkaleHub
Founder of SkaleHub
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
Beau Green
Founder of SkaleHub
Founder of SkaleHub
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.