Previous Highs & Lows [TradeWithRon]

Previous Highs & Lows + Fibonacci
This script plots previous Daily, Weekly, Monthly, and Quarterly Highs and Lows along with optional Fibonacci retracement levels (0.5 and 0.618) based on the prior session ranges. It is designed to help traders quickly identify potential support/resistance levels and liquidity zones across multiple timeframes.



✅ Features:

1. Toggle visibility for Daily, Weekly, Monthly, and Quarterly levels.
   
2. Customizable line styles, colors, and widths.
   
3. Option to display Fibonacci retracement lines with configurable labels and styles.
   
4. Auto-adjusts and extends levels for real-time visualization.
   
5. Efficient label handling to minimize chart clutter.
   

Usage:

1. Use previous highs/lows to gauge breakout or rejection areas.
   
2. Leverage Fibonacci levels to identify potential retracement points or confluence zones with price action.
   
3. Combine timeframe levels for stronger zone validation.
   

Use Cases:

• Identify areas where price may react based on historical ranges.
  
• Combine with other strategies for confluence trading.
  
• Perfect for traders who value market structure and clean, reliable levels.
  

🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.

Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (Tradewithron) shall not be held responsible for any trading losses incurred as a result of using this indicator.

Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.

Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.

No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future