Video lesson · ChartKey Levels indicator: previous day, week and month levels
Key levels indicator — high, low, open and close of the previous day, week and month. The lesson takes 2:14; its full text is below the video.
Narrated in Russian. English subtitles are on by default.
Key Levels in short
What does Key Levels show?
Horizontal levels on the price chart: the high, low, open and close of the previous day, week and month, plus the open of the current day, week and month. Day, week and month each have their own color. At the right edge every level is labeled with its name and price.
How to read Key Levels?
- Solid lines are the previous period's high and low; dashed lines are its open and close.
- The finely dashed line is the current period's open: above it the period is up, below it the period is down.
- When two levels sit at the same price, their labels are merged into one.
- Daily levels show on timeframes below one day, weekly below one week, monthly below one month.
How to use Key Levels?
- Watch how price behaves at the previous day's high and low: breaks and holds, or pokes through and returns.
- The daily and weekly open is a simple line that shows who is stronger right now, buyers or sellers.
- Combine the levels with order book walls and the volume profile: levels that coincide make a stronger zone.
What do you often see on Key Levels?
- At the previous day's high and low price either breaks and holds or pokes through and returns; the latter often looks like a stop run.
- Static levels on their own give almost no edge: price reacts to them close to randomly.
- A level matters more when it lines up with a wall in the book or a volume-profile POC.
- A poke of a few ticks is not a break: a level is a line, not a zone.
Where can I find Key Levels?
In the Liqwall terminal: the Indicators button, the Chart section, Key Levels. The “Open in the terminal” button on this page opens the chart with it already added.
Lesson text
0:00What Key Levels is
The levels the whole market is watching are already on the chart, and you don't have to draw anything. Key Levels shows the highs, the lows, the open and the close of the previous day, week and month.
0:12How to add Key Levels to the chart
Open the indicator list, go to the Chart section and select Key Levels. The levels appear on the price chart.
0:20How to read Key Levels
At the right edge each one is labeled with its name and price. Each period has its own color. Solid lines are the high and the low of the previous period. The dashed line is its open and close.
The dotted line is the open of the current day, week or month. Above it the period is up, below it the period is down. If two levels sit at the same price, their labels are merged.
0:46Key Levels settings
In the settings, choose the period — Day, Week, Month — and the lines you need: Previous High and Low, Previous Open and Close. Earlier Periods adds the levels of earlier periods. Daily levels are shown on timeframes below one day, weekly levels on timeframes below one week.
1:04An example on a real chart
An example. September 23. The previous day's high was at 86,700. At 6 a.m. the price moved above it, and at 7 a.m. it reached 87,200.
But at 8 a.m. the hourly candle already closed back below the level. That's a sweep, not a breakout. The market took out the stops above the high and came back. From noon the price stayed below the daily open, around 86,200, and by 7 p.m. it had dropped to 83,500.
1:39What to pair Key Levels with
Key Levels works best together with the order book. Turn on Liquidity Map and Wall Events from the Order book section. A previous-day level with a big wall on it is a real zone. Session Volume Profile shows whether the level lines up with the POC, and Sessions shows how price behaves at the level when New York opens.
2:01The takeaway
A level matters when there is money on it. Key Levels shows where to look, and the order book confirms it. Key Levels — in the Liqwall terminal, Chart section.
Add the indicator to the chart and look at it on your own coin.Free account — no card needed.