This indicator is a powerful tool for multi-timeframe analysis, designed to automatically plot key liquidity levels from the Daily, Weekly, and Monthly charts onto your current timeframe. By visualizing these significant historical highs and lows, traders can gain a clearer understanding of the market structure and identify potential support and resistance zones. The script is built to be intelligent and clutter-free, automatically displaying only the relevant higher timeframe levels. For example, Daily levels will appear on intraday charts, while Weekly levels will appear on intraday and daily charts. These plotted levels are invaluable for identifying high-probability reversal areas, planning entries, setting logical stop-loss points, and defining profit targets.
2. Logic
The core function of the indicator is to fetch the high and low price data from the Daily, Weekly, and Monthly periods. It then projects these values as horizontal lines on the chart, providing a clear visual map of significant price levels from higher timeframes. A key feature of this indicator is the option to define the daily period using two distinct methods:
Standard Exchange Day: The default high and low based on the exchange's official trading session.
ICT True Day: For traders who follow the ICT methodology, this option calculates the daily high and low based on the New York session, specifically from 00:00 to 23:59 "America/New_York" time. This provides a consistent daily range regardless of the exchange's timezone.
Furthermore, the indicator gives you precise control over how the lines are drawn. You can choose to have a line begin at the start of its corresponding period (e.g., the first bar of the week) or have it start exactly at the specific bar where the high or low price was actually formed.
3. Settings & Options
The indicator offers a clean and comprehensive set of options, allowing you to tailor the display to your exact trading style and visual preferences.
3.1. Timeframes
Show Daily/Weekly/Monthly Levels: Independently enable or disable the visibility of each timeframe.
Lookback Periods: Set the number of historical periods (days, weeks, or months) you want to see plotted on your chart.
ICT True Day (00:00-23:59 NY): A simple checkbox to switch the daily calculation logic between the standard exchange session and the ICT New York midnight open.
3.2. Line Settings Full visual customization is available for each timeframe (Daily, Weekly, Monthly) independently.
Style: Choose from Solid, Dashed, or Dotted lines.
Width: Adjust the thickness of the lines to make certain timeframes stand out more than others.
High/Low Color: Assign unique colors for the high and low lines of each timeframe for instant identification.
3.3. Display Options
Extend Lines Forward: Project historical levels into the future, allowing them to act as potential support or resistance for upcoming price action.
Start Lines from High/Low Bar: A toggle to control whether lines are drawn from the beginning of the period or from the exact bar where the high/low occurred.