Dynamic Open Levels

6 Nov

# Dynamic Open Levels Indicator v1.0

Release Date: November 5, 2024

Introducing the Dynamic Open Levels indicator on TradingView! This tool helps traders visualize and analyze key opening price levels across multiple timeframes, making your market analysis more effective.

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### Key Features

- Multiple Timeframes: Yearly, Quarterly, Monthly, Weekly, Daily, 4H, and 1H levels available.
- Visibility Controls: Easily toggle visibility for each timeframe to suit your trading style.
- Line Customization: Set custom thickness and colors for lines, making charts easy to interpret.
- Monthly: Purple
- Weekly: Blue
- Daily: Green
- 4H: Red
- 1H: Orange
- Dynamic Coloring: Lines adjust color based on market conditions—teal for bullish (`rgb(34, 171, 148)`) and coral for bearish (`rgb(247, 82, 95)`).

### Labels & Customization

- Real-Time Labels: Each level is labeled for easy identification (e.g., Y for Yearly, Q for Quarterly).
- Label Settings: Customize opacity, text color, size, and position for clarity without cluttering your chart.
- Sizes: Choose from tiny, small, normal, large, to huge.
- Offset: Set labels from 1 to 10 to position them precisely.
- Color Management: Organize all colors under a dedicated Line Colors group for easy adjustments.

### Advanced Plotting & Performance

- Real-Time Updates: Levels are updated dynamically with the latest open prices.
- Extended Lines: Lines extend to the right, offering a consistent reference for future price movement.
- Optimized Performance: Handles up to 500 lines efficiently to maintain smooth performance.

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### Installation Instructions

1. Add to Chart:
- Go to the Indicators section in TradingView.
- Search for Dynamic Open Levels and add it to your chart.

2. Customize Settings:
- Line Thickness: Adjust to suit your preference.
- Visibility: Toggle timeframes like Yearly, Monthly, Weekly, etc., as needed.
- Labels: Configure opacity, text color, size, and offset under the Label Settings group.

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### Documentation & Support

For guidance on using the Dynamic Open Levels indicator, visit our Documentation(#). If you need assistance, check out our Support Channel(#).

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Thank you for choosing Dynamic Open Levels. Stay tuned for future updates that will continue to improve your trading experience!

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