M T F OHLC LEVELS

Color coding:

Open – Orange
High – Green
Low – Red
Close – Blue

🛠️ Internal Logic – In Simple Steps

Detect when a new higher timeframe candle starts.

Get the OHLC values of the previous HTF candle.

Delete the old lines and labels.

Plot new horizontal lines for each OHLC level.

Attach labels showing the timeframe and price of the level.

✅ Use Cases in Trading
1. Support & Resistance Zones
Previous Day’s High/Low often acts as intraday resistance/support.

Traders watch how price reacts at these levels to:

Enter reversals or
Breakout trades

2. Breakout Confirmation

Price breaking above the Previous Day High may confirm bullish momentum.
Breaking below Previous Day Low could confirm bearish bias.


3. Liquidity Zones

Many institutional traders use these HTF OHLC levels to place orders.
Acts as liquidity magnets — price tends to revisit or fake-out around them.


4. Multi-Timeframe Confluence

When current price on 5-min or 15-min is reacting to Daily/4H levels, it provides HTF confirmation.

🧠 Example Setup
Chart Timeframe: 5-Minute

HTF: Daily ("D")
This setup would show Previous Day's OHLC levels overlaid on a fast chart for intraday analysis.

🖼️ Visual Output
4 horizontal lines:
Green for High
Red for Low
Orange for Open
Blue for Close

Labels appear at the end of each line showing:
Timeframe (like “Previous Day High”)
Price level


🧩 Advantages
Clean & visual identification of institutional levels.
Works across any timeframe (D, W, M, H4, etc.).
Fully customizable and extendable for:
Alerts
Confluence with indicators
Entry/exit strategy development