Key Levels

Key Levels Indicator

Description

The Key Levels indicator is a powerful tool for traders, displaying major institutional price levels from daily, weekly, and monthly timeframes on your chart. It plots horizontal lines for previous period highs, lows, and midpoints (50% levels), as well as current period opens, helping you identify critical support and resistance zones used by institutional traders. Labels are provided for the most recent levels, positioned at the rightmost bar for easy reference.

Features





Daily Levels: Plots Previous Day High, Previous Day Low, Day Open, and Previous Day 50% Level.



Weekly Levels: Plots Previous Week High, Previous Week Low, Week Open, and Previous Week 50% Level.



Monthly Levels: Plots Previous Month High, Previous Month Low, Month Open, and Previous Month 50% Level.



Customizable Colors: Adjust the color of each line via the settings panel to suit your chart preferences.



Customizable Labels: Enable/disable labels, adjust label size, and change the label background color for optimal visibility.



Clean Visualization: Lines are plotted with breaks at the start of each period, ensuring a clear and uncluttered display.

Settings





Show Labels: Toggle to show or hide all labels (default: enabled).



Label Size: Choose from "tiny," "small," "normal," "large," or "huge" to adjust label text size (default: normal).



Label Background Color: Customize the background color of labels to ensure text visibility (default: black).



Line Colors: Individual color pickers for each level (e.g., Previous Day High, Day Open), allowing full customization of line colors.

Usage

The Key Levels indicator is designed for futures markets, such as S&P 500 futures (ES), Nasdaq futures (NQ), or crude oil futures (CL), where institutional price levels like daily, weekly, and monthly highs, lows, and opens are key for getting into positions. For day trading, use these levels to identify short-term support and resistance for intraday entries and exits. For long-term trading, they provide context for swing positions or trend continuation, helping you align with institutional flow. Apply the indicator to a 1-hour or 15-minute timeframe to capture precise market structure. While optimized for futures, the indicator's key levels apply to every single thing that can be traded, including forex, stocks, and cryptocurrencies, making it versatile for all asset classes.

Notes





Labels are shown only for the current day, week, and month to focus on recent price action.



For best visibility, adjust the label background color if text blends into your chart background.



Ideal for traders analyzing major institutional levels for market structure and trading decisions.