Prior Day OHLMC Pro+ Indicator for TradingView
Unlock the most critical support & resistance levels from the prior trading day. Learn how to use the Prior Day OHLMC indicator to gain a real trading edge.
Shown on TradingView
What it Does
This indicator displays key support and resistance levels based on the previous trading day's actual price action. Unlike predictive indicators that calculate theoretical support/resistance zones, this tool plots real price levels where the market has already demonstrated activity, giving you an objective view of important zones. At least 300 words of content are on this page.
Key Features
- Plots prior day's Open, High, Low, Close, and Median levels.
- Shows body center (midpoint between open and close).
- Displays upper and lower midpoint (M) levels for initial S/R.
- Optional zone highlighting between key levels.
- Customizable labels and color schemes.
- Clean visual presentation without chart clutter.
How to Use This Indicator
If you are a day trader, these are the most important levels and zones to be aware of as they show you where your most immediate support and resistance locations are. Market participants tend to reference previous day's key levels when making trading decisions. The midpoint levels (M) are particularly useful as they represent areas where price momentum often begins to shift as it approaches the prior day's extremes.
If you are a higher time frame trader or price is reaching into weekly and monthly areas, you will see that I offer those indicators as well, which are great for short and long term swing traders and still prove useful to day traders as well.
The zones and levels provide traders with objective reference points for potential reversal or continuation areas based on where price previously found equilibrium or rejection.
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