A technical indicator that displays previous trading session's key price levels, helping traders identify important reference points for intraday trading and market analysis.
Explore complementary indicator rolesHow it works
The Prior Level indicator automatically calculates and plots the previous trading session's key price levels directly on the chart. It identifies and displays the Open, High, Low, and Close prices from the immediately preceding trading period as horizontal or semi-transparent lines.
Traders can customize the indicator's appearance by adjusting line colors and lengths for better visual clarity. The optional data table provides precise numerical values, allowing traders to quickly reference exact price levels from the previous session.
Why it may be useful
Prior Level indicators provide crucial context for understanding market dynamics by revealing the previous session's price boundaries. They help traders identify potential support and resistance zones, which can significantly improve decision-making and strategic entry or exit points.
By presenting historical price information in a clear, visual format, these indicators enable traders to quickly assess market sentiment and potential price interactions. The ability to see previous session levels helps traders anticipate potential market movements and make more informed trading decisions.
When to explore it
The Prior Level indicator is most effective during intraday trading, particularly in volatile or range-bound markets where previous session levels can provide meaningful insights. Traders can use these levels to identify potential breakout points, support/resistance zones, and gauge market sentiment.
This indicator works best for short-term trading strategies, especially in markets with consistent daily trading patterns. It is particularly useful for day traders and scalpers who rely on quick, precise market analysis and need rapid insights into recent price behavior.
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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.
