OPEN-SOURCE SCRIPT
Previous Candle High/Low (Global Rays)
Previous Candle High/Low (Global Rays, Corrected)
This indicator tracks the high and low of the most recently closed candle and projects them forward as global horizontal rays.
Features:
✅ Automatically updates the levels once a candle fully closes.
✅ Draws persistent lines at the previous candle’s high (green) and low (red), extending them into the future.
✅ Highlights real-time breakouts:
✅ Includes built-in alert conditions for both breakout events.
How to Use:
Use the levels as reference points for breakout trades, liquidity sweeps, or stop hunts.
Alerts can help you catch moves without needing to constantly watch the chart.
Works on any timeframe and symbol.
This indicator tracks the high and low of the most recently closed candle and projects them forward as global horizontal rays.
Features:
✅ Automatically updates the levels once a candle fully closes.
✅ Draws persistent lines at the previous candle’s high (green) and low (red), extending them into the future.
✅ Highlights real-time breakouts:
✅ Includes built-in alert conditions for both breakout events.
How to Use:
Use the levels as reference points for breakout trades, liquidity sweeps, or stop hunts.
Alerts can help you catch moves without needing to constantly watch the chart.
Works on any timeframe and symbol.
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.