Last 2 Days Key Levels

Last 2 Days Key Levels

Overview

This indicator is designed for intraday traders who leverage key historical price levels to identify potential support and resistance zones. It cleanly plots the most important levels from the previous two trading days, giving you a clear map of the price action and helping you anticipate potential turning points in the market.

The core principle is that the market has memory. The highs, lows, and calculated pivot points from previous sessions often remain significant and can act as powerful magnets or barriers for price in the current session. This script gives you a configurable and visually clean way to track these critical zones.

Key Features

Multi-Day Level Plotting: Display key levels not just from the prior day (PD), but also from two days ago (PD2), allowing you to track a deeper level of market structure.

Comprehensive Key Levels: For each historical day, the indicator plots:

High

Low

Mid-Point (the direct halfway point of the day's range)

Central Pivot Point (the average of the high, low, and close)

Premarket High/Low: Includes the high and low from the current day's premarket session, which are critical levels for morning trading.

Full Customization: Every level is fully configurable. Through a cleanly organized input menu, you can:

Toggle the visibility of each individual line (e.g., show only the highs and lows).

Customize the color, line style (solid, dotted, dashed), and thickness for each group of levels (Prior Day, 2-Day Prior, Premarket).

The Strategic Advantage: Why Track 2-Day Prior Levels?

While many traders focus exclusively on the previous day's levels, tracking the levels from two days ago provides a distinct strategic edge, especially in the early morning session.

In the opening minutes of trading, or even in the premarket, price action is often volatile and searching for direction. The market will frequently test not just yesterday's levels, but also the key zones from the day before. These "older" levels are often overlooked by other market participants, making them powerful hidden support and resistance zones.

By having the 2-day prior levels on your chart, you can:

Anticipate early session turning points that others might not see.

Identify stronger confirmation when a 2-day level aligns with a prior-day or premarket level.

Avoid being caught off guard by reactions to seemingly "random" price points that are, in fact, significant historical levels.

How to Use

Support & Resistance: Use the plotted lines as potential areas where price may bounce or reverse. Look for price to respect these levels for potential entry or exit signals.

Breakout & Breakdown Zones: A clean break and hold above a resistance level (or below a support level) can signal the start of a new directional move.

Targeting: The levels can serve as logical price targets for your trades.

All settings are organized into clear groups in the "Inputs" tab, allowing you to easily configure the indicator to your exact preferences.

This script is based on the foundational concepts of the 'Daily Levels Suite' by FourC. It was generated and optimized with Gemini, by Mercadero.AI.