RBM Prior Cote
- Indicators
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Renato Brendim Medici
RBM Trader is an Economist and Global Trader, specialized in FX, Derivatives and Equity. Creator of the Reverse Setup and the GFT method.
Author of the book "Macroeconomics for Traders," connecting macroeconomics, geopolitics and financial markets in a practical, straight-to-the-point way. - Version: 1.10
The previous day's open, close, high and low are among the levels the market respects most. Gold, Nasdaq, forex, indices: price comes back to these points, tests them, rejects them or breaks through. RBM Prior Cote draws them for you automatically, so you stop marking lines by hand every morning.
What it does
• Plots the open, close, high and low of the previous daily candle
• Shows the last several days of history (you choose how many), so you can see where price actually reacted
• Adds a label on the right side of the chart with the level name and its exact price
• Updates by itself every new day, on any timeframe
How to use it
Attach it to the chart and pick which levels you want to see. Open and close are on by default, while high and low are available to switch on. From there it is about reading how price behaves around the lines: reaction, breakout, retest. The history helps you judge whether that asset has been respecting these levels lately.
Settings
• Choose which levels to display
• Number of history days
• Color for each level
• Line style and thickness
• Labels and price on or off, with adjustable font size
Good to know
Works on any symbol and timeframe. It is lightweight: it only redraws when a new bar appears, so it will not slow your platform down. Levels follow your broker's daily candle time, so small differences between brokers can appear, especially on indices.
This is a visual support tool. It does not generate buy or sell signals and does not guarantee results. Use it alongside your own analysis and proper risk management.
