OPEN-SOURCE SCRIPT
Daily High/Low/50%
Daily High/Low/50% Levels Indicator
This Pine Script v6 indicator displays three horizontal lines from the previous daily candle:
High: The highest price of the last daily candle
Low: The lowest price of the last daily candle
50%: The midpoint between high and low
Key Features:
Lines extend from one daily candle to the next (Monday to Tuesday, Tuesday to Wednesday, etc.)
Fully customizable styling for each line independently:
Color selection
Line style (Solid, Dashed, Dotted)
Line width/thickness
Small labels ("H", "L", "50%") mark the start of each new day
Works on any timeframe (intraday charts show daily levels as reference)
Use Case:
Perfect for intraday traders who want to see the previous day's key levels as support/resistance zones. The 50% level often acts as a pivot point for price action.
This Pine Script v6 indicator displays three horizontal lines from the previous daily candle:
High: The highest price of the last daily candle
Low: The lowest price of the last daily candle
50%: The midpoint between high and low
Key Features:
Lines extend from one daily candle to the next (Monday to Tuesday, Tuesday to Wednesday, etc.)
Fully customizable styling for each line independently:
Color selection
Line style (Solid, Dashed, Dotted)
Line width/thickness
Small labels ("H", "L", "50%") mark the start of each new day
Works on any timeframe (intraday charts show daily levels as reference)
Use Case:
Perfect for intraday traders who want to see the previous day's key levels as support/resistance zones. The 50% level often acts as a pivot point for price action.
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.