Plots the premarket high and low for a user-defined duration of time (in minutes) displayed during regular trading hours.
With a crystal-clear, streamlined representation of the premarket range, Premarket High Low is a no-brainer for any serious momentum stock trader playing breakouts or breakdowns before the opening bell. For opening range traders, comparing early morning activity to first-market-hour activity is essential for measuring the aggression of early regular trading hours (RTH) participants.
Includes ‘Visual Backtesting’ — long, short and flat signal colors based on price's position above premarket high (green), below premarket low (red) or in between (gray). Use this to quickly and easily identify whether a premarket High/Low break strategy would be viable for the equity currently being analyzed.