Prevday Critical S/R

The previous day (prevday) serves as a crucial reference point for today’s trading activities. The market often rests, retraces, or reverses around prevday’s high, low, close, and center, making these levels essential support and resistance for the current session.

To enhance your trading experience, we also include an upper mid and a lower mid based on prevday’s range, which are valuable as additional support/resistance. You’ll be amazed at how effectively they work!

Have you ever found yourself buying near prevday’s high or selling near prevday’s low, only to get caught in bull or bear traps? The market often bounces or reverses around these critical levels, leading you to make trades without realizing their significance. Our advanced indicator plots these important prevday support and resistance levels on today’s session, ensuring you never overlook them.

When the market breaks above prevday’s high or below prevday’s low, it signals a significant event. Our indicator will trigger alerts to keep you informed, and the price regions above the high and below the low can be shaded for easy monitoring.

With up to six plots available, you can easily hide any you don’t need by setting their color to “transparent.”

Key features:

• Plot prevday’s high, low, close, and center.
• Configure upper mid and lower mid based on prevday’s range.
• Shade price regions above prevday’s high and below prevday’s low in two distinct colors.
• Receive alerts for breaches of prevday’s range.
• Mark breaches on the chart.
• Be ready for advanced usage with NinjaScript, limited only by your creativity.
• Access dedicated NinjaScript signals.

Prevday Critical S/R

11 photos

Changelog