Levels by Prav

Levels Indicator – Multi-Timeframe Market Structure Tool

This indicator plots key higher-timeframe reference levels on any intraday chart to help identify bias, liquidity targets, and high-probability trade areas.

🔹 Plotted Levels

The indicator automatically draws the following previous period levels:

Daily

PDH – Previous Day High

PDL – Previous Day Low

PDC – Previous Day Close

Weekly

PWH – Previous Week High

PWL – Previous Week Low

Monthly

PMH – Previous Month High

PML – Previous Month Low

Each level is:

Extended from the start of its period to the current bar

Customizable by color, line style, and width

Labeled with flexible alignment (Left / Center / Right)

⏱️ Session Awareness

Uses New York session timing

Daily levels reset correctly at the start of each new trading day

Works well on futures, indices, and FX

🧠 Bias & Context Engine

The indicator evaluates:

Weekly bias (previous week open vs close)

Daily bias (previous day open vs close)

Whether PDH or PDL liquidity has been taken

Based on these conditions, it classifies the market into:

A+ Setup – Highest probability alignment

B Setup – Conditional continuation or reversal

C Setup – Counter-bias opportunity

D Setup – No-trade conditions

This helps traders quickly understand when to be aggressive, cautious, or stand aside.

🚨 Smart Alerts

Built-in alerts notify when price touches or trades through any key level:

PDH / PDL / PDC

PWH / PWL

PMH / PML

Ideal for set-and-forget monitoring during NY session.

🎯 How Traders Use It

Identify premium & discount zones

Track liquidity grabs above/below HTF levels

Align entries with daily & weekly bias

Use PDC as a mean-reversion or acceptance level

Avoid low-probability trades during misaligned conditions

✅ Best Use Case

Intraday trading (1m–15m)

Futures (ES, NQ, MNQ, MES)

Traders using market structure + bias + liquidity