„Previous Day Equilibrium (Premium & Discount)“-Logo
Previous Day Equilibrium (Premium & Discount)
0.0
12/08/2025
0
Desktop

Tired of spending forever marking your charts? This indicator does it for you super fast.

It finds the middle point between the previous day's high and low, and plots it on your charts. Now you can scan your charts super quick. Easy peasy!

Some Cool Features
Customizable Reference Timeframe: You can choose a min and max timeframe to plot significant price levels, which helps align your intraday trades with broader market trends.

What make this indicator special is the ability to follow the weekly candle as it prints on a day to day basis making it easier to catch the expansion of the weekly candle.

Offset Parameter: This feature lets you decide how far into the future the plotted levels extend, giving you a clearer picture of potential future price continuation zones.

Visual Customization: You have plenty of options to tweak line styles, thickness, and colours, making it easy to create a chart that fits your personal style and is easy to read.

Timeframe Restrictions: The indicator includes checks to make sure it only works within your specified timeframe settings, so you can avoid chart clutter as you cycle through other timeframes.


Points to Note:

A personal favourite

Are you like me and cannot stay away from lipstick on your charts, then try this indicator. Has a timeframe restrictions and lookback period functionality aimed at reducing chart clutter.

This indicator is useful in following how the weekly candle develops; If the weekly expansion exhibits signs of a bullish order flow then the pivot levels on this indicator visualize areas or zone to join the bullish expansion similarly, If the weekly expansion exhibits a bearish order flow then the pivot levels on this indicator visualize areas or zone to join the bearish expansion


Installation: Start by downloading and installing the Previous Day Equilibrium, on your cAlgo platform.

Setup: Open the settings to pick your reference timeframe, choose how many previous days you want to plot, and customize the visual settings to your liking.

Analysis: As you trade, keep an eye on the plotted levels on your chart. These levels indicate where price might reverse from might be based on historical price action, helping you make more informed decisions.

Execution: Use these levels to determine your entry and exit points, as well as stop-loss and take-profit orders, integrating them into your overall trading strategy.


Recommended Companion Tools:

cTrader: This is the best platform for using the Previous Day Equilibrium, providing a smooth experience for customization and analysis.

Technical Analysis Tools: Pair this indicator with other tools like moving averages or oscillators to get a more complete view of market trends.

Risk Management Tools: Utilize calculators and stop-loss tools to help manage your risk effectively while trading around these key levels.

By using the the Previous Day Equilibrium, alongside these tools, you can enhance your trading strategy and increase your chances of success in the fast-paced world of intraday trading.

More from this author
ICT Killzone and Sessions high_low
This indicator is an essential tool for traders seeking to visualize key trading sessions on their charts.
Indikator
xauusd
commodities
FVG_tidypips
A Fair Value Gap (FVG) indicator that identifies potential price imbalances, potential reversal and continuation zones
Previous Day Liquidity Zones (PDH - PDL)
Useful indicator for traders who want to visualize key price levels based on previous daily highs and lows.
Daily Open Pivot Level
This indicator is a valuable tool for traders looking to identify significant opening price level of any asset.
Moving Average channel
This indicator is designed to display customizable moving averages (MAs) on a chart.
Indikator
commodities
xauusd
True Open Pivot Levels
This indicatorFull Description: Th shows the open price lines at key market times based on Eastern Standard Time (EST).
Drawing Utility
A rectangular box with 5 adjustable Fibonacci level or even custom ones.
Das könnte Sie auch noch interessieren
Indikator
signal
macd
TradingViewMACD
Enhance your trading strategy with our customizable TradingViewMACD indicator. Optimize and elevate your market analysis
3D HeikenAshi bY Mohammad KHR
Clean 3D, Sleek Candles for Trend Patterns.
Indikator
atr
rsi
signal
+1
Trading Fusion Bars 2
This indicator works best as a trend-confirmation tool—wait for multiple signals!
Tiny_Aim_Trainer
trading stress-relief “mini-game”
HTFBB
Plot higher-timeframe Bollinger Bands for clearer structure, pullback zones, and breakout signals—without switching char
PriceLevels
Displays the previous day's, last week's, and last month's highest and lowest price levels on your chart.
Indikator
supertrend
atr
supertrend
Supertrend Indicator for cTrader
Indikator
scalping
Grafico Diario
Bússola para Decisões de Trading Precisas e Eficientes!
Decision Point
Decision Point
Indikator
indices
commodities
rsi
+1
OrderPrice-V3
A straightforward yet effective tool signals entry points for both buying and selling. Include 3 Moving Average
Indikator
breakout
btcusd
eurusd
+6
Multi-Asset Performance Matrix
Visual tool tracking financial assets' % performance across timeframes, highlighting trends with color-coded insights.
KAMA
Custom KAMA Indicator – Optimized for Speed and Precision
Indikator
forex
eurusd
xauusd
+2
ALMA Smoothed Gaussian Moving Average
ALMA Smoothed Gaussian Moving Average (ASGMA) – by LudwigICT
Rsi Scalp Indi
RSI Scalper delivers split‑second entries on volatile assets.
Indikator
signal
FAMA-MAMA
The FAMA-MAMA Indicator is a powerful, adaptive trend-following tool designed for professional and algorithmic traders.
mIntrinsicRecursiveValue
Intrinsic Recursive Value Indicator
TrendStrengthSignals
Edge-aware clouds + Pro HUD: better entries, calmer exits, adaptive risk.
Indikator
prop
atr
ADT_bigCandles
Outside Candle Detector: Highlights major candles/zones with ATR filter & pattern labels. By Avydel Talbo, prop trader.