X D HL Mitigation

5 gün önce

Designed to track and project prior day high and low levels into the current trading session. It provides traders with reference points for potential support and resistance without being distorted by the unfinished intraday range of the active day.

Key Features

Prior-Day Anchoring

At the start of each new trading day, the indicator captures the previous day’s high and low.

Current-day developing highs and lows are ignored, ensuring only completed data drives level creation.

Dynamic Extensions

Each high and low level is extended forward intraday until price action mitigates (touches or crosses) the level.

When mitigated, the line is automatically “frozen” at the bar of contact and restyled to a new color.

This makes it easy to distinguish which historical levels remain active versus which have already been resolved by price.

End-of-Day Housekeeping

Optional setting allows all mitigated lines to be automatically removed at the end of each trading day, keeping charts uncluttered and focused only on active levels.

Trading Applications

Support & Resistance Mapping: Prior-day highs and lows are commonly watched areas where liquidity pools form and price often reacts.

Breakout & Reversal Signals: Monitoring if and when price mitigates these levels can help confirm breakouts or identify potential reversals.

Intraday Focus: By excluding developing highs and lows of the current session, the indicator emphasizes only proven, market-validated levels.

5 gün önce

Sürüm Notları

clean up image

5 gün önce

Sürüm Notları

Control over timeframe. default is daily and long look back. for shorter intervals a materially shorter look back is adviseable

5 gün önce

Sürüm Notları

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