Previous Day & Week High/Low Levels

Previous Day & Week High/Low Levels is a precision tool designed to help traders easily identify the most relevant price levels that often act as strong support or resistance areas in the market. It automatically plots the previous day’s and week’s highs and lows, as well as the current day’s developing internal high and low. These levels are crucial reference points for intraday, swing, and even position traders who rely on price action and liquidity behavior.

Key Features

Previous Day High/Low:
The indicator automatically draws horizontal lines marking the highest and lowest prices from the previous trading day.
These levels are widely recognized as potential zones where the market may react again — either rejecting or breaking through them.

Previous Week High/Low:
The script also tracks and displays the high and low from the last completed trading week.
Weekly levels tend to represent stronger liquidity pools and broader institutional zones, which makes them especially important when aligning higher timeframe context with lower timeframe entries.

Internal Daily High/Low (Real-Time Tracking):
While the day progresses, the indicator dynamically updates the current day’s internal high and low.
This allows traders to visualize developing market structure, identify intraday ranges, and anticipate potential breakouts or liquidity sweeps.

Multi-Timeframe Consistency:
All levels — daily and weekly — remain visible across any chart timeframe, from 1 minute to 1 day or higher.
This ensures traders can maintain perspective and avoid losing track of key zones when switching views.

Customizable Visuals:
The colors, line thickness, and label visibility can be easily adjusted to match personal charting preferences.
This makes the indicator adaptable to any trading style or layout, whether minimalistic or detailed.

How to Use

Identify Key Reaction Zones:
Observe how price interacts with the previous day and week levels. Rejections, consolidations, or clean breakouts around these lines often signal strong liquidity areas or potential directional moves.

Combine with Market Structure or Liquidity Concepts:
The indicator works perfectly with supply and demand analysis, liquidity sweeps, order block strategies, or simply classic support/resistance techniques.

Scalping and Intraday Trading:
On lower timeframes (1m–15m), the daily levels help identify intraday turning points.
On higher timeframes (1h–4h or daily), the weekly levels provide broader context and directional bias.

Risk Management and Planning:
Using these levels as reference points allows for more precise stop placement, target setting, and overall trade management.

Why This Indicator Helps

Markets often react strongly around previous highs and lows because these zones contain trapped liquidity, pending orders, or institutional decision points.
By having these areas automatically mapped out, traders gain a clear and objective view of where price is likely to respond — without needing to manually draw lines every day or week.

Whether you’re a beginner still learning about price structure, or an advanced trader refining entries within liquidity zones, this tool simplifies the process and keeps your charts clean, consistent, and data-driven.