A comprehensive price tracking tool that highlights key market levels including previous day, overnight, and opening range high/low lines to help traders identify potential trading opportunities.
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The price level tracking signal creates horizontal and extending lines representing critical price points from different trading sessions. It automatically draws lines for the previous day's high and low, overnight session high and low, and the opening range high and low during the first 30 minutes of trading.
These lines are visually displayed across the chart with different colors and styles, providing traders with a clear view of important price levels. The signal uses Eastern Time zone by default but allows for timezone customization, ensuring traders can accurately track and analyze these key price reference points.
Why it may be useful
These price level indicators help traders understand market structure and potential support and resistance zones during different trading sessions. By visualizing previous day, overnight, and opening range levels, traders can make more informed decisions about potential entry and exit points.
The visual representation allows traders to quickly identify key price levels that might influence market movement. These levels can serve as critical reference points for understanding market sentiment, potential breakout zones, and areas of price consolidation or potential reversal.
When to explore it
This signal is most effective during active trading hours, particularly for day traders and scalpers who need quick insights into market dynamics. It works best in liquid markets with clear price movements, such as major stock indices, forex pairs, and actively traded commodities.
Traders should pay special attention to these levels during market open, around key economic announcements, and when price approaches these predefined levels. The signal is particularly useful for identifying potential support and resistance zones, helping traders make more strategic trading decisions based on historical price performance.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
