The previous day (prevday) is a solid reference for today's trading. The market often rests, retraces, or reverses around prevday's high, low, close, center - which therefore becomes critical support/resistance levels for today's session.
An upper mid & a lower mid based on prevday's range are also added because of their high values as support/resistance. You will be astonished when seeing them in action.
How many times have you bought near prevday's high or sold near prevday's low, and then got stuck in bull/bear traps? The market frequently bounces or reverses around prevday's high and low (at least temporarily) but you are tempted to make innocent trades there - just because you don't recognize these critical levels. Our prime indicator plots prevday's critical support/resistance levels onto today's session, helping you never forget these important zones.
The market breaking above prevday's high or below prevday's low is an important event, on which the indicator will trigger alerts to notify you. The price regions above the high and below the low are optionally shaded for you to easily monitor.
There are as many as 6 plots. If you don't need one, please set its color to "transparent" to hide it from chart.
Key features:
- Plot prevday's high, low, close, center
- Plot an upper mid & a lower mid based on prevday's range (fully configurable)
- Paint price regions above prevday's high and below prevday's low in 2 different colors
- Trigger alerts on prevday's range breach
- Print markers on prevday's range breach
- Be NinjaScript ready for advanced usage, only restricted by your imagination
- Expose dedicated NinjaScript signals
Dedicated NinjaScript signals:
- Signal_State:
- 2 = above high
- 1 = from center to high
- -1 = from center to low
- -2 = below low
- 10 Sep 2020 - Massive changes, fixes and improvements were made (DPI, display name, Z order, alert properties, marker string, bar painting, chart info, property naming/positioning/grouping); alert popup was visually enhanced; all plot values were rounded to the nearest tick size; signal state was revised.
- 07 Jan 2020 - A minor issue with high/low breach was fixed.
- 25 May 2019 - The indicator was released (built new).
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