This custom TradingView indicator projects rays from the prior day's high and low prices, helping you visualize key levels of support and resistance from the previous trading day. The rays extend to the right, continuing from the prior day's high and low throughout the current trading day.
Features:
Displays rays from the prior day's high and low prices.
Rays extend rightward, marking important price levels.
Optional floating text labels ("Prior Day High" and "Prior Day Low") that can be toggled on or off.
Customizable ray color, width, and label text color.
Customization Options:
Ray Color: Adjust the color of the rays for the prior day’s high and low.
Ray Width: Change the width of the rays to suit your chart style.
Label Visibility: Toggle the display of the "Prior Day High" and "Prior Day Low" labels.
Label Text Color: Customize the text color for the labels.
Use Case:
Track important price levels from the previous day that may act as support or resistance.
Use the optional labels to clearly identify these levels with customizable appearance settings.
This tool is designed for traders who want to incorporate prior day price action into their analysis and maintain a clean, customizable chart display.