[DarkTrader] Past & Future Level

12 set

This indicator plots key pivot levels for each trading day, helping you visualize significant price levels and their potential impact on future price action.

Displays five crucial pivot levels for the current day :

• High Pivot: The highest price level of the previous day.
  
• Mid Pivot: The midpoint between the previous day's high and low.
  
• Low Pivot: The lowest price level of the previous day.
  
• 75% Pivot: A level calculated as 75% of the range between the previous day's high and low.
  
• 25% Pivot: A level calculated as 25% of the range between the previous day's high and low.
  

Customizable Display :

• Show Only Last Pivot: Choose whether to display only the most recent pivot levels or all available levels.
  
• Show Price Level: Option to display the exact price value next to each pivot line.
  
• Line Width and Color: Customize the width and color of the pivot lines and labels for better visibility and clarity.
  

How It Works :
The indicator calculates the daily high and low at the start of each trading day and plots the key pivot levels based on these values. The lines and labels are updated dynamically to reflect the current bar’s position, ensuring accurate and real-time representation of important price levels.

Usage :
Utilize these pivot levels to identify potential support and resistance areas, assess market sentiment, and make informed trading decisions. The levels provide a clear visual reference for possible price action, aiding in the development of effective trading strategies.