Dynamic High/Low Rays v6 - Anchored

This indicator automatically identifies and tracks the High and Low levels of the most recently completed candle from a user-selected timeframe (e.g., 15m, 1h, 4h). It draws clean, horizontal rays that anchor specifically to the start of that candle, providing a clear visual representation of the immediate trading range.

How it Works

Unlike standard static lines, these rays update dynamically with every new candle. When a candle on your chosen timeframe closes, the script "jumps" the rays to the new High and Low levels.

Anchored Visualization: The rays start at the exact beginning of the higher-timeframe candle, allowing you to see where the range was established relative to current price action.

Auto-Cleanup: To keep your charts clutter-free, the script automatically deletes old rays, leaving only the most relevant current levels visible.

Fully Customizable: Works on any chart timeframe and allows you to select any source timeframe via the settings menu.

Key Features

Multi-Timeframe Support: Select your preferred HTF (15m, 1h, Daily, etc.) regardless of your current chart view.

Real-Time Movement: The rays extend to the right in real-time as new price data comes in.

Clean Aesthetics: Built using Pine Script v6 for optimized performance and visual clarity.

How to Use

Apply the script to your chart.

Open Settings to choose your desired timeframe (default is 15 minutes).

Use these levels as dynamic Support and Resistance, or to monitor for range breakouts/retests.