OPEN-SOURCE SCRIPT
Multi-Timeframe High/Low Levels by VKK
Disclaimer: This indicator is not suggesting any buy or sell. It's only showing various support and resistance at the different timeframe. Use your strategies to do the trades
Overview
The Multi-Timeframe High/Low Levels indicator is a streamlined technical analysis tool designed to automatically plot critical horizontal support and resistance levels from higher timeframes onto your current chart.
In professional trading, the Highs and Lows of the Previous Day, Week, and Month are considered "Institutional Reference Points." These levels often act as magnets for price and are zones where significant liquidity rests (Stop Losses and Breakout Orders).
Key Features
Previous Month High/Low (PMH/PML): Identifies major trend boundaries and long-term bias.
Previous Week High/Low (PWH/PWL): Essential for swing traders to find weekly ranges.
Previous Day High/Low (PDH/PDL): Crucial for day traders looking for "Initial Balance" or "Opening Range" breakouts/reversals.
Clean Visualization: Uses plot.style_linebr to ensure levels stay horizontal and don't create messy diagonal "connection" lines.
Real-time Labels: Dynamic labels appear on the far right of the chart for instant identification of which level is which.
Why Use These Levels?
Liquidity Sweeps: Watch for price to "dip" just below a Previous Day Low before reversing—this is often a "Stop Run" before a move higher.
Breakout Confirmation: Closing above a Previous Week High often signals strong bullish momentum.
Gap Analysis: See where today's open sits in relation to yesterday's range.
How to Customize
Toggle Visibility: Independently turn on/off Monthly, Weekly, or Daily levels.
Color Coding: Fully customizable colors to match your chart theme (e.g., Red for Resistance/Highs, Green for Support/Lows).
Style Control: Adjust line thickness and label size for better visibility on high-resolution monitors.
Overview
The Multi-Timeframe High/Low Levels indicator is a streamlined technical analysis tool designed to automatically plot critical horizontal support and resistance levels from higher timeframes onto your current chart.
In professional trading, the Highs and Lows of the Previous Day, Week, and Month are considered "Institutional Reference Points." These levels often act as magnets for price and are zones where significant liquidity rests (Stop Losses and Breakout Orders).
Key Features
Previous Month High/Low (PMH/PML): Identifies major trend boundaries and long-term bias.
Previous Week High/Low (PWH/PWL): Essential for swing traders to find weekly ranges.
Previous Day High/Low (PDH/PDL): Crucial for day traders looking for "Initial Balance" or "Opening Range" breakouts/reversals.
Clean Visualization: Uses plot.style_linebr to ensure levels stay horizontal and don't create messy diagonal "connection" lines.
Real-time Labels: Dynamic labels appear on the far right of the chart for instant identification of which level is which.
Why Use These Levels?
Liquidity Sweeps: Watch for price to "dip" just below a Previous Day Low before reversing—this is often a "Stop Run" before a move higher.
Breakout Confirmation: Closing above a Previous Week High often signals strong bullish momentum.
Gap Analysis: See where today's open sits in relation to yesterday's range.
How to Customize
Toggle Visibility: Independently turn on/off Monthly, Weekly, or Daily levels.
Color Coding: Fully customizable colors to match your chart theme (e.g., Red for Resistance/Highs, Green for Support/Lows).
Style Control: Adjust line thickness and label size for better visibility on high-resolution monitors.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.