MTF previous high and low quarter levelsDescription
An experimental script that prints quarter levels of the previous timeframe's high and low to the current timeframe. The idea is quite simple and is basically the Fibonacci pivoted on the previous high and low with quarter level settings (0,0.25,0.5,0.75,1 etc). The default setting is the previous daily high and low but can be customized on user discretion.
New quarter levels are printed after the close of the previous timeframe and open of the new timeframe (user's timeframe setting)
How To Use
Levels should not be used blindly. Levels can be used as confluence when aligned with high probability supply and demand zones, support, resistance, order blocks, and so on.
Credit to @HeWhoMustNotBeNamed for the Previous High/Low MTF indicator code and @mrbirman for the idea to put this together.
Quarterpoint
quarter level 0.5 to 2.0This script could help to see edged level for a reverse on forex, not for yen pairs and is based on quarter and round number theory.
I suggest to use it on H4 timeframe or lower to have a confermation on support or resistance level.
Quarterly High/Low MarksThis utility tool marks the highest and the lowest price of each quarter on the chart. Works everywhere and doesn't use any calls of built-in functions which are used for a data extraction.
Labels provide additional information about closing price and % change for a particular quarter and allow micro customizations.
Intraday Quarter Points- Psychological LevelsThis template can be used for Higher Time Frame analysis in forex. Using the Bar Replay, develop a technical bias and mark psychological levels on the H4 timeframe. This can be used with Supply and demand and Quarter Points Theory.
Monthly- Default setting
Weekly- Default setting
Daily- On Sund-Mon
H4- On Sund-Mon, Show Weekly High + Low
H1- Show Quarter Points
