Data Highs & Lows [TakingProphets]

DATA HIGHS AND LOWS

What it does

Data Highs & Lows visualizes the price level left by macro news events that release at 8:30 AM New York. It examines the 1-minute bars 8:29, 8:30, 8:31 and, if the 8:30 candle forms a valid swing low/high with a wick ≥ your threshold (points), it draws a horizontal level from that 8:30 price and labels it:

DATA.L when the 8:30 bar is a swing low

DATA.H when the 8:30 bar is a swing high

The line auto-extends until price’s wick touches/mitigates the level. On touch, you can either freeze the final segment and park the label beneath it or delete the visual immediately (toggle).

How it works

-Timezone: America/New_York.

-Detection runs on 1-minute data; visualization shows on minute charts up to 15m.

Swing rule:

-Swing-low if low(8:30) < low(8:29) and < low(8:31)

-Swing-high if high(8:30) > high(8:29) and > high(8:31)

-Wick rule: the relevant wick of the 8:30 candle must be ≥ threshold (points).

-One event/level per day; state resets daily.

Inputs & styling

Detection

-Wick Size Threshold (points).

Visualization

-Line Color, Line Style (Solid/Dashed/Dotted).

-Label Size (Tiny…Huge), Label Text Color.

-Label Vertical Offset (ticks) when parked.

-Line width is fixed at 1.

Behavior

Delete on Mitigation (remove line+label immediately on first touch) or keep the frozen level with a centered label.

Auto-cleanup after bars (optional).

Notes

-Designed to highlight levels specifically tied to 8:30 AM data releases (e.g., CPI, PPI, Jobless Claims, etc.).

-Works only if the symbol trades around that time; always consider session liquidity and instrument behavior.

-Labels: while active, they sit at the right end of the line; after mitigation they move to bottom-center with a small offset.

Disclaimer

This is an educational tool for chart annotation. It does not provide signals, guarantees, or financial advice. Always do your own analysis and manage risk appropriately.