This makes it easy to see if price action during regular market has broken above pre-market high or broken below pre-market low.
The high/low skips any quick spikes in price action (similar to what happens at 8:30 am every day).
* One line each for PM High and for PM Low. No more dual lines
* Alert Conditions for when price breaks above or below the Pre-Market Channel
* Cleaned up Code and Labels
* Enjoy !
* This allows the Indicator to work much better on higher time frames than it did previously.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.