Key Levels

Multi-Timeframe Analysis

Professional traders always chart from the "Top Down." They know where the Weekly High or Monthly Open is, even when they are scalping the 1-minute chart.

This module brings those critical levels onto your current timeframe, so you never lose sight of the big picture.

The Levels

We automatically plot the Open, High, Low, and Close of the previous period for the timeframes you select.

• PDH / PDL: Previous Daily High / Low.

• PWH / PWL: Previous Weekly High / Low.

• PMH / PML: Previous Monthly High / Low.

• PYH / PYL: Previous Year High / Low.

• DO / WO / MO: Daily / Weekly / Monthly Open.

Why It Matters

• Liquidity: The previous day's High and Low are classic liquidity targets. Price often sweeps them before reversing.

• Bias: If price is above the Weekly Open, the weekly bias is Bullish. If below, it's Bearish.

Configuration

1. Timeframe Selection

Enable only what you need to avoid "Spaghetti Charts":

• Daily: Essential for Day Trading.

• Weekly: Essential for Swing Trading.

• Monthly/Quarterly/Yearly: For macro analysis and long-term investing.

2. Line Styles

• Pivot Lines (High/Low): Usually plotted solid or distinct to mark them as barriers.

• Open Line: Useful to see "Green Day" vs "Red Day" status.

• Mid Line: The 50% level of the previous candle. Often acts as a subtle support/resistance.

3. Smart Labels

• Labels are placed on the right side of the chart to avoid obscuring price action.

• Example: PWH (1.23450) = Previous Weekly High at price 1.23450.