Trading Levels [DEMAK]
The indicator automatically detects the start of a new daily, weekly, or monthly session and establishes a central reference level. From this reference point, multiple upper and lower price levels are generated using internal mathematical rules. These levels remain fixed throughout the active period and update only when a new period begins.
What the indicator displays
A primary reference level based on the opening price of the selected period.
A symmetrical upper and lower price range derived from that reference.
Optional internal subdivisions within the range, creating a structured price framework.
All levels extend forward in time until the next period begins.
Purpose and interpretation
The projected levels are intended to act as objective price references, helping traders:
Identify potential reaction zones.
Visualize price structure within the current period.
Maintain consistent context across intraday price movements.
The indicator does not attempt to predict direction. Instead, it provides static, mathematically derived levels that allow traders to interpret price behavior and make decisions using their own methodology.
Customization
Users can adjust:
The reference period (daily, weekly, or monthly).
The number of internal subdivisions.
Visual properties such as colors and line thickness.
This tool is designed for traders who prefer clean, rule-based price levels that remain stable during the session and update systematically with each new period.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact DemaK220 directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact DemaK220 directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.