FutureObitz Official Bank Levels)

The FutureObitz Bank Levels indicator, by FutureObitz is a powerful tool designed to help traders identify key daily structural price levels. It automatically identifies and plots the Daily High (D. High) and Daily Low (D. Low), ensuring these crucial levels are visible and consistent across various chart timeframes (e.g., 15m, 30m, 1h, 4h, and Daily), providing a reliable higher-timeframe perspective.

What This Indicator Provides:

Dynamic Daily Levels: Automatically calculates and plots daily High, Low, Middle, Middle High, and Middle Low of the current trading day. These lines provide clear reference points for price action.

Defined Buy & Sell Zones: Clearly visualizes potential accumulation (Buy Zone) and distribution (Sell Zone) areas. These zones are calculated as a customizable percentage (via inputs) above/below the 'Middle' of the daily range, helping to identify potential entry or exit points.

Multi-Timeframe Compatibility: Displays consistent daily levels regardless of the chart's active timeframe, offering a consistent higher-timeframe perspective for intraday traders.

Visual Clarity: Includes filled zones for enhanced visibility of key areas.

Optional Labels: Provides clear labels for the latest daily levels (D. High, D. Low, D. Middle, D. Buy Zone, D. Sell Zone) on the last bar of your chart for quick reference.

This indicator serves as a robust framework for understanding daily price action and identifying potential areas of support, resistance, and trading opportunities. It's an excellent tool for traders who rely on structured levels derived from higher timeframes to inform their decisions.