Price Level Indicator

The "Price Level Indicator" (PLI) is a powerful tool for analyzing price levels across different timeframes. It calculates and displays moving averages (SMA, EMA, SMMA, WMA, VWMA) from various time intervals (1m, 3m, 5m) on a single chart.

How to Use:
Add the indicator to your chart
Select the moving average type and data source
Set the period length (default is 1024)
Enable/disable the display of lines for different timeframes (3m, 5m)

Key Features:
Display data from multiple timeframes on a single chart
Calculate percentage deviations (x25, x50, x75) from the main MA line
Customizable colors for all indicator elements
Information panel with current values

Interpretation:
Main lines (SMA 1m, 3m, 5m) show the average price value on the corresponding timeframes
Additional lines display potential support and resistance levels
Varying line thickness helps visually distinguish timeframes

This indicator is particularly useful for identifying key price levels when trading across multiple timeframes simultaneously.
If you have any questions about usage, please leave a comment under the indicator.
Happy trading!