Indicator for constructing levels of price ratios from other tickers. The user can choose from predefined tickers such as Gold(XAU), DXY, BTC, etc.
How it works:
Takes the important extremum of the closing candle from your current chart and builds a level based on the chart selected in the settings. This function allows you to determine the price level based on the current price and the price at the time of a certain date. To do this, it first determines the time when the last candle before the specified date occurred. Then the price at the time of this candle and at the current moment is calculated. Finally, the price level is calculated relative to the price at the time of the candle. The result of this calculation will be the price level.
How to Use:
By default, the indicator is set to 1D for the BTC chart. But you can adjust any levels on the assets you are interested in. You can adjust the levels both in the settings and by moving them around the chart. Simply click on the indicator name or level, and vertical lines will appear, which you can drag to any location. (The vertical lines serve as the beginning of the calculation point)
Fantastic indy! Observation, custom symbol plots a "Ticker Levels:Plot" description on price axis which can be confusing with multiple symbols added to chart for comparison. Would it be troublesome to change and plot description to reflect the actual mod symbol(s)? Thank you!
Example: