HLC_Levels is an advanced trading indicator designed to automate the plotting of key price levels based on High, Low, and Mid (50%) values across multiple timeframes. It supports daily and weekly levels, including today's and yesterday's ranges, as well as current and previous weeks. The indicator features a dedicated New York Midnight Open level, important for institutional traders focusing on directional bias.
Users can define custom time ranges or sessions (e.g., Asia Session, London Open, Initial Balance) to display corresponding High, Low, and Mid levels. A volatility dashboard provides on-chart pip range data for selected periods, enhancing market analysis. The tool adapts to various time zones, including Broker time, UTC, New York, or Local time, ensuring alignment with individual trading strategies.
Key functionalities include automatic level plotting to replace manual line drawing, customizable display options (line visibility, colors, styles, labels), and the ability to extend lines into the future. The indicator is suited for traders employing Price Action, ICT concepts, Smart Money Concepts (SMC), breakout, and scalping strategies across markets such as Forex, indices, and commodities like XAUUSD.
HLC_Levels helps identify reaction points where past highs, lows, and midpoints act as support or resistance, and highlights equilibrium pricing zones for better trade decision-making.