K1 - Quarterly Theory Primary Price Levels

The K1 indicator is a specialized tool designed for traders practicing Quarterly Theory (QT) and related concepts of smart money. It focuses on calculating and displaying Primary Price Levels (PPLs) that form the backbone of many QT-based strategies.

Unlike generic indicators using standard levels like previous highs/lows or session opens, K1 offers three uniquely integrated capabilities not found together in any open-source indicators on TradingView:

✅ Unique Features

Customizable PPL Visibility per Chart Context
Each price level can be individually toggled on or off, enabling traders to fine-tune their charts for specific timeframes and trading setups. For example, some traders prefer only the PWH, PWL, and Q3 Daily Open on higher timeframes, while others prioritize PDH, PDL, London Open, and NY AM Open on intraday charts. This level of flexibility supports multi-timeframe analysis with minimal clutter.

Historical PPL Display for Backtesting
K1 supports historical plotting of PPLs for backtesting trade setups across multiple days or weeks. Historical levels can also be toggled, giving traders granular control over how far back the data is displayed and which levels to analyze retrospectively.

Consequent Encroachment (C.E.) Calculations
The indicator includes dashed lines marking the 50% wick levels (C.E.) of both the daily and 12-hour candles. These C.E. levels often signal potential retracement or reversal points. This concept, rooted in ICT methodology, is not commonly included in standard indicators and offers traders an advanced reference for precise entries.


📘 Background & Theory
K1 was developed in response to specific feature requests from QT traders and incorporates ideas from Traderdaye, who was influenced by ICT (Inner Circle Trader) teachings. It is also compatible with extended QT concepts such as:

• Sequential Smart Money Technique (SSMT)
• Precision Swing Point (PSP)
• Terminus Price Divergence (TPD), a concept by Jacob Speculates

These concepts work together with the PPLs to build confluence zones and refine high-probability entries.

📍 Included PPLs in K1

• Prior Week High (PWH) / Low (PWL)
  
• Prior Day High (PDH) / Low (PDL)
  
• True Day Open (000)
  
• London Open (130)
  
• Q3 Daily Open (600)
  
• New York AM (730) / PM Open (1300)
  
• True Week Open (TWO)
  
• Sunday True Open (STO)
  
• Consequent Encroachment Daily Wick (C.E. D)
  
• Consequent Encroachment 12H Wick (C.E. 12H)
  

K1 is closed-source due to the proprietary logic used for session-specific time logic, precision wick encroachment calculations, and a multi-context plotting engine explicitly designed for QT workflows.

This script is currently available by invitation only and is intended for traders familiar with QT methodologies who want to add higher precision and flexibility to their technical charting.