TraderGuard Daily Levels
- Indicators
- Version: 1.100
Daily Price Levels and Trading Session References for MetaTrader 5
TradeGuard Daily Levels is a free technical indicator designed to help traders identify and visualize important price levels directly on MetaTrader 5 charts.
The indicator displays reference levels from the previous completed trading day, the current daily open, and key trading session levels to support technical analysis and intraday trading preparation.
Main Features
Previous Day Levels
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PDH (Previous Day High): previous trading day's highest price.
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PDL (Previous Day Low): previous trading day's lowest price.
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PDC (Previous Day Close): previous trading day's closing price.
Daily Opening Level
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DO (Daily Open): current day's opening price.
Trading Session Levels
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AS-H (Asian Session High): reference Asian session high.
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AS-L (Asian Session Low): reference Asian session low.
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LO (London Open): reference London opening price.
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NYO (New York Open): reference New York opening price.
Session levels are calculated from the previous reference trading day according to the indicator's time configuration.
Additional Features
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Clear, color-coded horizontal price levels.
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Individual labels for each reference level.
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Option to show or hide prices in level labels.
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Optional historical levels from previous trading days.
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Configurable history depth.
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Adjustable line width, label size, and label spacing.
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Customizable Asian session hours.
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Time settings for London and New York market openings.
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Broker server time configuration with seasonal daylight saving time options.
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Daily level segments limited to their respective trading days.
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Diagnostic options for reviewing calculated price levels.
Who Is This Indicator For?
TradeGuard Daily Levels is designed for intraday traders who use previous-day highs, lows, closing prices, daily opening prices, and trading session references as part of their technical analysis.
These levels can help traders organize charts and examine potential support, resistance, and price reaction areas.
Important Information
This indicator does not execute trades automatically, generate buy or sell signals, or guarantee trading results.
Some session calculations require sufficient one-minute (M1) historical data. Levels may be omitted when the available data are incomplete or fail the indicator's validation checks.
Displayed levels may vary depending on broker history and server time settings.
TradeGuard — Tools for More Organized Trading.
Free indicator for MetaTrader 5.
