A daily high and low tracking indicator that automatically plots green and red horizontal lines to mark the current trading session's extreme price levels in real-time.
Explore complementary indicator rolesHow it works
The indicator initializes at the start of each trading day, creating two horizontal lines on the chart. A green line represents the daily high, while a red line represents the daily low. As price action progresses throughout the trading session, these lines dynamically update in real-time.
When a new high is reached, the green line moves to that price level. Similarly, when a new low is formed, the red line adjusts accordingly. The indicator also adds labels 'High Day' and 'Low Day' for clear visual reference. Traders can toggle the visibility of these lines using a specific setting
Why it may be useful
This indicator provides traders with immediate visual reference to the day's most critical price levels. By highlighting the daily high and low, it helps traders identify key support and resistance zones quickly. The real-time tracking allows for instant recognition of price extremes, which can be crucial for making trading decisions.
These levels can serve as potential entry or exit points, help assess market sentiment, and provide context for current price action. The dynamic nature of the indicator ensures traders always have the most up-to-date information about the day's price range
When to explore it
The daily high and low indicator is most effective for intraday traders focusing on short-term price movements. It works best in actively traded markets with significant price volatility. Traders can use this tool during regular trading hours when consistent price action is occurring.
It is particularly useful for day traders who need to monitor price extremes and potential breakout points. The indicator can help in identifying potential trend reversals, support and resistance levels, and overall market momentum. Traders should combine this tool with other technical analysis methods for more comprehensive trading strategies
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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.
![Highest High, Lowest Low, Midpoint for Selected Days [kiyarash] chart preview](/_next/image?url=%2Fmedia%2F21920.png&w=3840&q=90&dpl=dpl_Jt27hmzh6tNsGuJ13vyBBWgv8XSW)
