This custom indicator highlights the high and low of the previous day, providing crucial reference points for intraday traders. The displayed levels act as key support and resistance zones, helping you gauge potential price reversals or breakouts. While this indicator can be used on multiple timeframes it is especially useful on 4-hour to 1-hour timeframes for intraday trading. By using these levels, traders can refine their entries and exits within the day, identifying price action patterns that align with the prior days market dynamics.