TrackerPL

TrackerPL is a handy 4-in-1 indicator. Add price labels automatically to your priceline, horizontal lines & rays. Toolbar menu convenience easily adjusts what is visible and the label position (on/off, left/right, above/below) without the need to use the indicator’s user interface. Our priceline retains its price label when you scroll the chart to the left. Price labels are added to all rays and horizontal lines drawn on the chart. Lastly, TrackerPL adds lines to track the current session high and low in real-time. At a glance, see where current price is trading within the session range.

TrackerPL projects current price onto past structure (vice versa is the norm). It is particularly useful to assess price interaction with structure (e.g., gap fill, impulse origin, supply/demand, support/resistance, etc.) on the left side of the chart when those bars and the current bars do not fit on one screen width. Price reverses on the right side of the chart, often at structure formed on the left side – TrackerPL helps bring the two sides together, without the need to force everything to fit on one screen (likely changing your risk management parameters) or by cluttering your charts by continuously dragging a myriad of supply/demand rectangles and support/resistance lines across your charts. In our experience, this is a better approach than relying on supply/demand indicators that identify too many poor “zones” and miss many good ones.

Features:
• lines for current price, session high and session low are fully customizable (color, dash style, width, opacity, visible on/off)
• price labels on rays and horizontal lines can be toggled on/off and the font size and label position specified
• price labels are the same color as the corresponding ray or line
• calculates “on-price-change” to be efficient