10 Levels Lines Signals Daily Testing Count

# 10 Levels – Lines + Signals + Daily Count + Dashboard

## User Book (Complete Guide)

## 1. Introduction

The **10 Levels – Lines + Signals + Daily Count + Dashboard** indicator is a professional-level **price action and key-level management tool** designed for intraday and positional traders.

It helps you:

* Mark important price levels manually
* Track how price reacts to those levels
* Identify confirmed breakouts
* Monitor live market context via a dashboard

This indicator does **not predict** the market. It **organizes information** so you can make faster and more confident decisions.

## 2. Who Should Use This Indicator

This tool is ideal for traders who:

* Trade **NIFTY / BANKNIFTY / FINNIFTY**
* Trade **stocks using support & resistance**
* Use **breakout, retest, and range strategies**
* Want a **clean chart without clutter**

The indicator is built on three market truths:

1. **Price respects key levels**
2. **Repeated tests weaken a level**
3. **A close beyond a level matters more than a wick**

---

Level Configuration (Most Important Part)

You can define **up to 10 price levels**.

### 5.1 Enabling Levels

For each level:

* Turn **Enable Level ON**
* Enter the **price value**

You can enable only the levels you need.

### 5.2 What Levels Should You Use?

Recommended levels:

* Previous Day High (PDH)
* Previous Day Low (PDL)
* Day Open
* Pre-market High / Low
* Weekly High / Low
* Round numbers (25000, 25500)
* Major rejection wicks
* VWAP or VWAP bands

You do **not** need all 10 levels.

---

## 6. Visual Elements Explained

### 6.1 Horizontal Level Lines

* Drawn at your selected prices
* Extend to the right automatically
* Act as **support / resistance zones**

Each line has a **price label** on the right side for easy reading.

---

### 6.2 Touch Labels (Price Reaction Counter)

Whenever price touches a level:

* A label appears near the candle
* Shows the level price and touch count

Example:

```
25050 (3x)
```

This means price has tested this level **3 times today**.

🔁 Touch count resets every new trading day.

---

### 6.3 Why Touch Count Matters

* 1–2 touches → Strong / fresh level
* 3–4 touches → Level getting weaker
* Many touches → High breakout probability

This helps you judge **level strength**, not just price location.

---

### 6.4 LONG & SHORT Signals

The indicator generates confirmation signals:

* **LONG** → Candle closes above a level
* **SHORT** → Candle closes below a level

Important:

* Signals are based on **close**, not wick
* Signals are **contextual**, not automatic trades

Use them with trend and structure confirmation.

---

## 7. Dashboard (Your Control Panel)

The dashboard shows live market context in one place.

### 7.1 Nearest Level (Blinking)

* Shows the level closest to current price
* Displays distance in points
* Blinks to draw attention

This answers instantly:

> “Which level is price reacting to right now?”

---

### 7.2 Level Status Table

For each enabled level, the dashboard shows:

* Level name (L1–L10)
* Price
* Touch count (tested X times)
* Status:

* ABOVE (price is above the level)
* BELOW (price is below the level)

This removes guesswork and saves time.

## 8. Settings Explained

### 8.1 Display Controls

* Show / hide LONG & SHORT signals
* Show / hide touch labels
* Limit number of labels on chart

Keeps charts clean and readable.

---

### 8.2 Label & Distance Settings

You can adjust:

* Price label distance
* Touch label distance
* Touch label size
* Signal label distance

Useful for different timeframes and instruments.

---

### 8.3 Dashboard Position

You can move the dashboard:

* Left or Right
* Top, Middle, or Bottom

Choose a position that does not block candles.

---
Breakout Trading

* Wait for multiple touches near a level
* Enter only after **close above / below**
* Use level as risk reference


## 11. Best Practices

* Use fewer, higher-quality levels
* Combine with trend direction
* Avoid trading mid-range (between levels)
* Respect high touch counts