Trading Levels [DEMAK]

Trading Levels [DEMAK] is a price-level indicator designed to project structured reference levels on the chart based on a mathematical model anchored to the opening price of a selected period.

The indicator automatically detects the start of a new daily, weekly, or monthly session and establishes a central reference level. From this reference point, multiple upper and lower price levels are generated using internal mathematical rules. These levels remain fixed throughout the active period and update only when a new period begins.

What the indicator displays

A primary reference level based on the opening price of the selected period.

A symmetrical upper and lower price range derived from that reference.

Optional internal subdivisions within the range, creating a structured price framework.

All levels extend forward in time until the next period begins.

Purpose and interpretation

The projected levels are intended to act as objective price references, helping traders:

Identify potential reaction zones.

Visualize price structure within the current period.

Maintain consistent context across intraday price movements.

The indicator does not attempt to predict direction. Instead, it provides static, mathematically derived levels that allow traders to interpret price behavior and make decisions using their own methodology.

Customization

Users can adjust:

The reference period (daily, weekly, or monthly).

The number of internal subdivisions.

Visual properties such as colors and line thickness.

This tool is designed for traders who prefer clean, rule-based price levels that remain stable during the session and update systematically with each new period.