This '4C Daily Levels Suite + Premarket High/Low' indicator is a clean way to automatically plot important daily levels including: Prior Day High Prior Day Low Prior Day Close 50% level between Prior High/Low Today's Open Today's Premarket Low+High
This Daily Levels indicator is unique in its ability to: -Plot all of the daily level PLUS premarket high/low levels (extended hours must be turned ON) -Can hide past days levels, only plotting levels on the current day, to keep chart cleaner -Can extend line levels right or fullscreen -Plots the level price at each level on the chart -Can show/hide price levels labels -Can add supplemental premarket levels plot to show levels being formed during the premarket time period -Coded with line.new vs plot so dashed lines are available as a style -Automatically hides the indicator if the timeframe selected is Daily or greater
SEE SCREENSHOT EXAMPLES BELOW
Default mode, with extended hours showing:
With supplemental premarket plot showing:
Default mode without extended hours showing:
Showing past day’s levels
Extend lines to fullscreen
Some parts of this code were adapted from 'pd Levels' by CryptoCurl
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Small update - moved each level's label positioning slightly further to the right to improve appearance
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Update 04/26/22 -Added settings input to be able to adjust label positioning. Default value is 10 bars to the right
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Update 042822 *Fixed bug where the Premarket High and Low labels did not show the correct price. Thanks to @Kielbasa for finding the bug
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Update 042822 Small code reorganizing. Also updating the main chart to reflect recent bug fix
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Fixed bug where the Premarket High/Low lines would not extend right (with all the other levels) when the option was checked.
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03/07/23 MAJOR UPDATE Much more customizability and a cleaner look!
Plots Important Daily Levels
Prior Day High
Prior Day Low
Prior Day Close
Today's Premarket High + Low (extended hours must be turned ON)
Today's Open
Features
Can hide past days levels, only plotting levels on the current day, to keep chart cleaner
Can extend line levels right or fullscreen
Turn on/off individual level plots, and individually customize each line
Plots the level value on the price scale as a label
Can show/hide price levels labels
Automatically hides the indicator if the timeframe selected is Daily or greater
New Features
Levels are now plotted starting at the beginning of the premarket session (00:00), and now end at the end of the same day (20:00 est) instead of at the start of the RTH (09:30 est). Plots used to start at the RTH (09:30 est) opening and end 24 hours later at (0930 est).
Plots used to start at the RTH (09:30 est) opening and end 24 hours later at (0930 est).
The values for the levels can now be added as labels WITHIN the price scale. This is not possible using the line.new function, and a workaround has been implemented
Plots the level value on the price scale as a label
Turn on/off individual Levels, and individually customize each line
Cleaned up and organized code
SEE SCREENSHOT EXAMPLES BELOW
Default mode, with extended hours showing. Showing Current Levels Only. Note the price levels are shown as labels in the Price Scale:
Without extended hours showing only current levels:
Wow, thank you very much for sharing this awesome script. HOD & LOD of current session would be very nice as a feature.
mountaincabin
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I may be missing something here - when I am looking at the daily chart, it is only showing levels for the previous week. Is there any way f
FourC
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@staffaction, hey thanks for the tip! It looks like your message was cut off, but i believe you are asking if its possible to have the daily levels show on the daily chart. Unfortunately, the indicator isn't set up for that at the moment. When the chart is on the daily timeframe, it automatically removes the levels. I will give it some thought as to how i could implement the ability to toggle this on/off as an option. But please bear with me, as there are a few things on the list for this indicator, and I have recently had only limited time to work with these scripts. Thanks again for your appreciation and for the tip! I am glad you are finding this tool useful. Peace!
mrgoodbear
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Hello, Awesome indicator that I rely on every day. Thank you for sharing it. A couple quick questions: is there a way to add labels similar to how you have the levels labeled on your TSLA chart, above? Simple labels below each line, ex. LPM, HPM, RTHH, RTHL, etc. Also, I notice the indicator does not update correctly for OTC stocks. Obviously no PM trading, but was wondering if it's possible to get previous day's levels to update correctly? Thanks again.
loftworxx
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the levels are messing up since DST.... could you look into it please.
chou3aib
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Hi great work , can you add the monthly quarterly yearly levels thanks
riririr2i0220i02r
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Why can't 50% be activated anymore?
FourC
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@riririr2i0220i02r, the 50% level was removed a while back, sorry for the inconvenience. I am working to put it back in at some point
elik1111
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Hi. Its a great indicator. Is it possible to schedule alerts? I have tried but it did not work,
elik1111
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@elik1111, Hi again. Could you please reply to my question? It may assist many users.