Price Action Toolkit

Key Levels & Sessions

Key Levels

These are significant price levels derived from higher timeframe opens, highs, and lows — the levels institutions watch closely.

Available levels:

  • 4H — Previous 4H High, Low, Open, Mid
  • Daily — Previous Day High (PDH), Previous Day Low (PDL), Daily Open (DO)
  • Monday — Monday High, Low, Mid (useful for weekly range analysis)
  • Weekly — Previous Week High (PWH), Previous Week Low (PWL), Weekly Open (WO)
  • Monthly — Previous Month High/Low/Open
  • Quarterly — Previous Quarter High/Low/Open
  • Yearly — Current Year High/Low/Open

How to use it:

  • Enable only the timeframes relevant to your trading style
  • Each level has its own color and line style — customize to reduce visual clutter
  • Shorten option abbreviates the label text (e.g., "PDH" instead of "Previous Day High")
  • If two levels fall at the same price, the labels merge automatically showing both names — a strong confluence signal

Session Levels

Marks the High, Low, and Open of the three major trading sessions.

Sessions available:

  • London (08:00–16:00)
  • New York (14:00–21:00)
  • Tokyo/Asia (00:00–09:00)

How to use it:

  • Enable each session independently
  • Toggle O/C (Open/Close) and H/L (High/Low) separately per session
  • The Shorten option gives abbreviated labels (e.g., "Lon-H" vs "London High")

Trendlines

Automatically draws valid trendlines connecting swing highs and swing lows.

What it shows:

  • Descending trendlines connecting lower highs
  • Ascending trendlines connecting higher lows
  • Broken trendlines shown in a different style
  • Optional signals (X marks) where trendlines are broken

How to use it:

  • Lookback controls how far back the indicator searches for pivot points — higher values find more significant trendlines
  • Extend projects trendlines forward
  • Show Broken keeps broken trendlines visible in a different style (e.g., dashed) so you can see where breaks occurred
  • Max Broken limits how many broken trendlines stay on the chart
  • Mitigation — choose whether a trendline is broken by Close or by High/Low wick
  • Enable Show Signals to plot visual markers when a trendline is broken — useful for alerting