Premarket Levels

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Added: Mar 7, 2024
This indicator is free to use on any of the available platforms
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NinjaTrader
NinjaTrader
Current Version: 1.0.0.1
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Overview
The Premarket Levels measures the premarket high and low of any given market. The Premarket Levels creates potential strong resistance and support levels based on the premarket high and low which traders can use to gauge the market outlook ahead of the regular open.

The aim of this script is to simplify the trading experience of users by automatically identifying and displaying price levels that they should be aware of.


USAGE

At the beginning of the New York Session of each trading day, this script will automatically identify the Permarket High and Premarket Low of that day. This happens automatically and in real time, ensuring that traders have access to this information as soon as the market is open.

These levels indicate the total range of the market for that day until the open of the New York Session, and can serve as powerful levels of Support and Resistance after the market has opened.

SETTINGS

Configuration

• Show Labels: Determines whether labels are drawn within the range.
• Display Mode: Determines the number of days the script should load.


Range Settings

• High Color: Determines the color of the high lines and labels.
• Low Color: Determines the color of the low lines and labels.
Release Notes:
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