This indicator draws the Pre-Market Low and High for futures. Futures do not really have "P.M" because they are almost always open, but I chart /ES and trade $SPY options, so this has been useful in finding P.M levels.
This is a 1 trade per day strategy for trading SPY or QQQ index. By default, this is designed for 1 min time frame. This was an experimental script that seems to be profitable at the time of publication.
How it works:
Pre-market high and low is defined per trading day between 9:00 to 9:30 EST.
Then we looking for the first breakout on either PM high or PM...
Credit to original code goes to paaax and NSDT. Modified to include premarket H/L levels and to show only daily levels. Indicator includes Close levels.
-US Premarket High and Low Levels
-Daily OHL Levels (No close included)
-Yesterday and Previous day OHLC level
-Labels and ability to modify user preferences (color, line)