Prior OHLMC

Prior OHLC Plus Median - Free Open Source Indicator
This indicator plots essential reference levels from previous time periods to help traders identify potential support, resistance, and pivot zones. It displays the Open, High, Low, Close, and importantly, the Median (HL2) levels from the prior year, month, week, and day.
What It Does:

Plots OHLC levels from previous year, month, week, and day periods
Includes median levels (High + Low / 2) for each timeframe
Automatically updates as new periods begin
Clean, customizable display that won't clutter your charts

Why These Levels Matter:
Prior period levels serve as important reference points because they represent areas where significant price action occurred previously. These levels often act as magnets for future price movement - not because of any mystical properties, but due to the collective memory of market participants and algorithmic trading systems that reference these same historical points.
The median levels are particularly valuable yet frequently overlooked. While traders commonly watch prior highs and lows, the median often provides cleaner reaction points with less noise than the extreme levels.
Practical Application:
These levels work best as part of a comprehensive trading approach. Use them to:

Identify potential entry and exit zones
Set logical stop-loss and take-profit levels
Gauge the strength of breakouts and breakdowns
Confluence with other technical analysis tools

Important Note:
This indicator provides reference levels, not trading signals. Like any technical tool, these levels should be combined with proper risk management, market context, and additional confirmation methods. They're one valuable piece of the trading puzzle - not a standalone solution.
Available as open source - feel free to modify and adapt to your specific trading needs.