Institutional Levels

About

The Institutional Levels indicator tracks the opening price of every Daily, Weekly, Monthly, Quarterly, and Yearly period and plots them as horizontal lines on your chart. These levels act as permanent institutional memory zones — price tends to revisit and react at these opens because they represent the exact price where institutions initiated positions at the start of each period. Levels stay on the chart until price physically touches them (naked levels). Once tapped, they're automatically removed. This keeps your chart clean and shows you exactly which levels still have unfilled institutional interest. The built-in Bias System compares current price to the most recent open of each timeframe. If price is above the open, that timeframe is bullish. Below it, bearish. A Confluence score tells you how many of the 5 timeframes agree on direction — giving you a fast read on whether the higher timeframe trend supports your trade. A target marker automatically highlights the nearest untouched level to current price across all active timeframes, so you always know your next magnet. Additional features include automatic deduplication of overlapping levels (higher timeframe always wins), auto-hiding of lower timeframe levels based on your current chart timeframe, configurable colors and line styles per timeframe, and a proximity background highlight when price enters a user-defined percentage range of any naked level.