Every trader looks at yesterday's high and low, and most draw them by hand each morning. They are among the most objective references there are: no setting, no interpretation, just the real extreme of a closed period. That is exactly why so many orders sit around them, and why price keeps coming back to test them. Edo PDH/PDL Levels draws them for you, together with the week, the month and the year. For the logic behind these levels, read why yesterday's range still moves today... that turns a trend.
Four pairs of levels
The indicator offers one pair per higher timeframe: PDH/PDL for the previous day, PWH/PWL for the previous week, PMH/PML for the previous month and PYH/PYL for the previous year. The day and the week are on by default, because they are the most operational references intraday; the month and the year are off so the chart stays clean, and you switch them on when you trade with a wider view.
Lines, labels and colours
Each level is a horizontal line with a label on its right that shows its name and exact price, so you never have to go to the axis to read it. The lines extend to the right with a configurable offset, keeping the labels ahead of price. Colour gives away the period: teal for the day, gold for the week, purple for the month and red for the year.
Why they do not repaint
Every value is read from the previous closed period of its timeframe — yesterday, last week, last month. Those periods are finished, so the high and the low are fixed the moment the period ends and stay constant throughout the current one. There is no intrabar change: what you see on the chart is what was there in real time.
The 50% midpoint and the panel
With the midpoint option on, the indicator also draws the 50% of each previous range — PD 50%, PW 50% and so on — in the colour of its period. It is the equilibrium of the range, a line price tends to gravitate to. The panel lists the previous high and low of each period (D, W, M, Y), with dashes for the ones that are off, so every value is at hand even when its line is off-screen.
Four alerts
The alerts cover the crosses that matter most: Cross above PDH, Cross below PDL, Cross above PWH and Cross below PWL. Clearing a previous high is a sign of strength and possible continuation; losing a previous low, of weakness. The alert tells you when it happens; the close and the reaction tell you whether it was a real break or just a sweep.
Reading it: range, cross, confluence
Three readings cover most of it. While price stays between the PDH and the PDL, the market is inside yesterday's range and its edges are your support and resistance. A decisive close beyond an edge opens the way in that direction, and the week's levels give a higher-grade frame. And when two periods meet — a PDH on top of the PWH, a PDL on last week's low — that price carries more weight than either level alone.
