MTF High Low indicator

Rules: 

1) Only display the Previous High or Low horizontal line if price closed equal to or above or below
1.1) Only display the High or Low horizontal line if price opened equal to or above or below high

2) The High or low can only be broken 1 time each new high or low for each time period

3) Only display a higher time frame high or low break

- for sell example if price closes below low price on
M30 time frame – only use previous H1, H4, D1, W1, MN1 low prices
H1 time frame – Only display previous H4, D1, W1, MN1 low prices
H4 time frame – only display prevoious D1, W1, MN1 low prices

4)

Dashboard box

The break only remains until next candle, then this level is done, not to be used again until next time period generates new high or low.

Numbers example (Buy):
H1 High previous = 10
H4 High previous = 20
D1 High previous = 30
W1 High previous = 40
MN1 High previous = 60

Price closes above 30, D1 previous High price on H1 time frame..

Do 2 things

1) Display the previous D1 High price line on the chart

2) Show this break in the HIGH LOW DASHBOARD

• Add X and Y box shift to the Breakout Dashboard
• Highlight the break time frame color in Yellow, like above

More example

Example 1: High example previous