OPEN-SOURCE SCRIPT
Updated Prev Day Levels + Initial Balance
Simple script that marks out key levels from current and prior day. It marks the previous day high/low/close, and also marks the current day initial balance high/low. Initial balance is just the first hour of the NY trading session.
These levels should be used in confluence with a strategy, or other nearby levels before executing a trade. Price often uses these areas as inflection points so keep note of how things behave and use it to your advantage.
These levels should be used in confluence with a strategy, or other nearby levels before executing a trade. Price often uses these areas as inflection points so keep note of how things behave and use it to your advantage.
Release Notes
Simple script that marks out key levels from current and prior day. It marks the previous day high/low/close, and also marks the current day initial balance high/low. Initial balance is just the first hour of the NY trading session.These levels should be used in confluence with a strategy, or other nearby levels before executing a trade. Price often uses these areas as inflection points so keep note of how things behave and use it to your advantage.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.