Displaying a Selected Day’s High and Low on Any Chart Timeframe

Summary

This indicator displays the high and low price levels for a selected day while viewed on any chart timeframe. A day-shift input selects which day’s range to show, and a separate bar-shift input moves the plotted indicator horizontally. When the day shift is zero, the values are recalculated during the current day, so the displayed range can change as new highs or lows form.

The document explains the indicator’s purpose and its two inputs, but supplies no trading rules, performance evidence, or guidance on how to interpret the levels. It is a charting aid that can help users observe daily range boundaries across intraday or other timeframes; the text does not establish that those boundaries predict support, resistance, or future price movement. The description is a translated summary of an indicator implementation, so practical behavior depends on the platform’s calculation and plotting details.

Key ideas

• The indicator plots the high and low for a day selected by its day-shift input.
• It can display those levels on any chart timeframe.
• A zero day shift recalculates the current day’s high and low as the day develops.
• A separate bar-shift input adjusts the indicator’s horizontal placement.
• The document describes chart display behavior but gives no evidence of predictive value.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.