Chart Reference Levels
- Индикаторы
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Killian Roys
I develop practical utilities for MetaTrader 5 focused on manual trading workflows, risk management, execution control and broker-aware safety checks. - Версия: 1.0
Keep daily, weekly and monthly price reference levels visible on your MetaTrader 5 charts, without drawing them manually.
Chart Reference Levels is a free indicator designed for traders who want a clean, organized view of important historical highs, lows and current period opening prices.
It combines simple on-chart controls, customizable colors and transparent broker-based calculations in a compact interface.
Nine price reference levels
The indicator provides three groups of references:
Daily
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PDH — Previous Day High
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PDL — Previous Day Low
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DO — Current Daily Open
Weekly
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PWH — Previous Week High
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PWL — Previous Week Low
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WO — Current Weekly Open
Monthly
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PMH — Previous Month High
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PML — Previous Month Low
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MO — Current Monthly Open
All references are calculated from the symbol's native D1, W1 and MN1 price series supplied through MetaTrader 5.
Main features
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Quick chart controls: Show or hide Daily, Weekly and Monthly references using the D, W and M buttons.
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Optional opening prices: Enable or disable the current Daily, Weekly and Monthly opens with one control.
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Nine customizable colors: Adjust the color of each reference individually through the indicator settings.
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Clear chart display: Horizontal lines remain visible across the chart at their exact price levels.
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Nearby-level grouping: Labels are grouped when several references are too close to display clearly, without changing their prices.
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Source information: The Info panel displays reference values, source periods and application periods.
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Persistent preferences: Chart selections are retained across timeframe changes and terminal restarts.
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Local operation: No DLL, external subscription or separate cloud service is required.
Simple by design
When first attached, the indicator displays the previous daily and weekly highs and lows.
Monthly levels and current period opening prices can be enabled directly from the chart whenever needed.
The interface is designed to keep the chart readable without requiring a large settings panel or additional analytical tools.
Broker-native calculations
Reference levels are based on the price history available from your broker.
The previous day, week or month refers to the previous candle in the corresponding native MetaTrader 5 timeframe. The current opening price comes from the latest available candle of that timeframe.
Consequently, levels may differ between brokers, particularly when their trading schedules or daily candle boundaries differ.
The indicator displays the current set of reference levels. Lines extend across the chart for visual convenience; they do not reconstruct historical reference levels for every past candle.
If required historical data is unavailable, the affected references may remain hidden until the data becomes available.
Compatibility and purpose
Chart Reference Levels works on standard MetaTrader 5 price charts and supports the symbols and price history provided by your broker.
It is a read-only chart analysis tool. It does not execute trades, generate trading signals or predict future price movements.
A compact way to keep your price reference levels organized and accessible throughout your chart analysis.
