HOD — Indicators and Strategies

Key Levels I couldn't find an indicator that plotted previous day and intraday key levels like I wanted. This indicator plots key levels on the chart: Current session high (HOD) and low (LOD) Previous day high (PDH), low (PDL), and close (PDC) Overnight high (ONH) and low (ONL) based on a defined overnight window At the start of a new session (day), the indicator resets its values and creates a new set of labels. These labels are positioned in a fixed horizontal column (offset from the current bar) and are updated each bar so that they remain vertically aligned with their corresponding level (with a small vertical offset). Inputs you can modify: Futures Mode and session times for equities and futures. Horizontal label offset (in bars) and vertical offset (price units) for label positioning. Colors, line widths, and styles for each level (day high, day low, overnight high/low, previous day levels). Adjust these inputs to match your market hours and desired appearance. Zero background in coding, but worked with chatGPT to develop this, and it works for me. Would welcome any and all feedback.

Previous Day and Current Day High/Low Key Features: Previous Day High and Low Lines: Displays the high (PDH) and low (PDL) levels of the previous trading day. Allows customization of line colors, styles (solid, dashed, or dotted), and widths. Extends these lines by a specified number of candles into the current day for better visualization. Current Day High and Low Lines: Displays the high (CDH) and low (CDL) levels during the current day's regular trading hours. Customizable line attributes, including color, style, width, and extension length. Customizable Input Options: User-configurable settings for both the previous and current day high/low lines, grouped under respective sections for clarity. Regular trading hours can be defined manually (default is 9:30 AM to 4:00 PM). Ability to toggle the visibility of the lines for both the previous and current days. Automatic Reset at the Start of a New Day: Captures the high and low values of the completed day and resets for the new day. Deletes old lines and labels to ensure clarity and avoid overlap. Dynamic Updates: Updates the current day's high and low lines and labels as new data comes in. Adjusts previous day lines dynamically based on the user-defined number of candles to extend. Session-Based Filtering: Ensures the calculations and updates are restricted to the defined regular trading hours. Code Logic: Input Groups: The script uses grouped inputs to allow users to configure settings for previous and current day levels separately. Line and Label Management: It creates and deletes lines and labels dynamically to prevent clutter and keep the chart organized. Session Check: Uses the session input to determine if a bar falls within regular trading hours. High/Low Calculation: Tracks the high and low for both the previous and current days during regular trading hours. New Day Detection: Identifies the start of a new trading day to update previous day values and reset current day variables. Applications: Intraday Trading: Helps traders identify critical support and resistance levels from the previous and current days. Trend Analysis: Provides visual cues for price movement trends across consecutive days. Custom Visualization: With extensive customization options, traders can adapt the indicator to suit their trading style and chart aesthetics. This script is highly configurable, making it versatile for a wide range of trading strategies and styles.

Febres Strategy The strategy consist in every time that price failed to break any of the EMAs, we need to wait for the right price action and make a buy or sell when it bounce from it to keep surfing on the trend (using the stochastic oscillator and the 5-13 EMAs cross as an additional confirmation). When do we start looking for a change on the trend? When it repeats the blue tracer (high or low of the previous day) without breaking it and bouncing from it, there will be our signal to start looking for a change of direction on the trend. Only applicable on 15 minute chart.