Previous Day & Current Day Levels (PDH/PDL/CDH/CDL) Indicator

🔥 A must-have tool for price action traders! 🔥

🔹 What This Indicator Does
This indicator automatically plots key price levels from the previous and current day:
✅ Previous Day High (PDH) & Previous Day Low (PDL) – Critical support and resistance levels.
✅ Current Day High (CDH) & Current Day Low (CDL) – Helps track intraday structure.
✅ Works on ALL Timeframes – Whether you're scalping or swing trading.
✅ Fully Customizable – Change colors, line thickness, and visibility with ease.


💡 Why This Indicator is Useful

• Understanding key price levels is essential for trading success:
  
• Identify support & resistance zones for potential trade setups.
  
• Confirm breakouts & fakeouts when price interacts with these levels.
  
• Enhance trade confidence by using historical highs/lows as reference points.
  
• Works across all asset classes (Forex, Stocks, Crypto, Indices).
  

⚙️ How to Use

1. Add the indicator to your chart.
   
2. Open the settings panel to customize:
   Toggle visibility of PDH, PDL, CDH, CDL.
   Change line colors to match your strategy.
   Adjust line thickness for better visibility.
   
3. Use these levels to analyze price action and improve trade decisions.
   

🛠 Customization Options
Show/hide PDH, PDL, CDH, CDL as per your trading style.
Adjust line color, thickness, and style to your preference.
Works seamlessly on stocks, forex, crypto, and indices.

🎯 Who Should Use This Indicator?
✅ Scalpers & Day Traders – Monitor intraday price movements.
✅ Swing Traders – Use previous day levels for market bias.
✅ Breakout & Reversal Traders – Identify key areas for entries.
✅ Price Action Enthusiasts – Get an edge with historical highs/lows.

📝 FAQ
❓ Will this work on lower timeframes?
✔️ Yes! It works on all timeframes, from 1-minute to daily charts.

❓ Does it repaint?
✔️ No! The indicator is based on fixed price levels from the previous and current day.

❓ Is this free?
✔️ Yes, it’s completely free to use!

🚀 Final Thoughts
This indicator simplifies your trading by highlighting high-probability price levels. Whether you're looking for breakout trades, rejections, or key support/resistance areas, this tool will be an invaluable addition to your chart setup.

🎯 Add it to your TradingView chart today and trade with confidence!

📢 Disclaimer:
This indicator is for educational and informational purposes only. It does not constitute financial advice, and past performance is not indicative of future results. Trading involves risk, and you should consult a financial professional before making any decisions. The author is not responsible for any losses incurred while using this indicator. Use at your own risk.