PriorYearOHLMC Pro+ Indicator

This indicator is a tool designed to indicate where price has demonstrated significant activity during the previous trading year. It plots verified price levels - Open, High, Low, Close, and Median - along with key midpoint zones where institutional and retail participants have previously engaged.

Key Features:

• Plots prior year's Open, High, Low, Close, and Median levels • Shows body center (midpoint between open and close) • Displays upper and lower midpoint (M) levels - zones where price commonly finds initial reactions • Optional zone highlighting for enhanced visual analysis • Customizable labels and color schemes • Clean presentation focused on actionable information

Trading Application: The effectiveness of any key level depends on multiple factors: the number of times price has interacted with that level, the distance price traveled between tests, and the time elapsed since the last interaction. These variables combined help build a case for potential trade setups.

Yearly levels represent some of the most significant reference points in the market - areas that most retail participants overlook entirely. When price approaches these annual zones, they often mark locations where institutional positioning becomes most evident. The distance price has traveled from these levels and the time elapsed since last interaction are critical factors in determining the likelihood of strong reactions.