OPEN-SOURCE SCRIPT
Basic Key Levels | Feng Futures
Key Levels | Feng Futures (Basic) automatically plots the most essential daily reference levels used by futures traders to establish intraday context and structure.
This lightweight version focuses on the three levels that matter most for session bias and liquidity reference:
Previous Day High (PDH)
Previous Day Low (PDL)
Session Open (18:00 NY for futures)
These levels are commonly used by professional and institutional participants as decision points for:
directional bias
continuation vs. reversal context
risk definition and invalidation
Features:
• Auto-plotted PDH and PDL
• Futures session open (18:00 NY)
• Clean, non-repainting levels
• Lines extend forward for intraday use
• Optional price labels pinned to the right edge
• Minimal design to reduce chart clutter
• Full color, width, and label customization
• Optimized for intraday futures trading
This indicator does not provide trade signals or alerts.
It is designed to support planning, execution, and review within your own trading framework.
Best used on:
ES, NQ, RTY, YM (intraday timeframes)
PDH / PDL levels can be used as take profit targets or to help form bias. For example, if we break out of PDH, we may look for longs.
Disclaimer:
This indicator is for educational purposes only and does not constitute financial advice. Trading futures involves significant risk and may not be suitable for all investors. Always do your own research and use proper risk management.
This lightweight version focuses on the three levels that matter most for session bias and liquidity reference:
Previous Day High (PDH)
Previous Day Low (PDL)
Session Open (18:00 NY for futures)
These levels are commonly used by professional and institutional participants as decision points for:
directional bias
continuation vs. reversal context
risk definition and invalidation
Features:
• Auto-plotted PDH and PDL
• Futures session open (18:00 NY)
• Clean, non-repainting levels
• Lines extend forward for intraday use
• Optional price labels pinned to the right edge
• Minimal design to reduce chart clutter
• Full color, width, and label customization
• Optimized for intraday futures trading
This indicator does not provide trade signals or alerts.
It is designed to support planning, execution, and review within your own trading framework.
Best used on:
ES, NQ, RTY, YM (intraday timeframes)
PDH / PDL levels can be used as take profit targets or to help form bias. For example, if we break out of PDH, we may look for longs.
Disclaimer:
This indicator is for educational purposes only and does not constitute financial advice. Trading futures involves significant risk and may not be suitable for all investors. Always do your own research and use proper risk management.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.