Magnetic Levels Thinkorswim Indicator

#
# ============================================
# MAGNET LEVELS - Price Attraction Zones
# ============================================
# 
# Shows key levels where tends to gravitate toward:
# 
# - VWAP (Cyan): Strongest intraday magnet - price returns here repeatedly
# - Previous Close (Yellow): Yesterday's close - major retest level
# - Pivot Points (Magenta/Green/Red): Daily support/resistance magnets
# - Opening Range (Light Green/Red): First 30min high/low
# - Round Numbers (Gray dots): Psychological $5 levels
# 
# Orange alerts appear when price nears VWAP or Previous Close
# These levels act like gravity points - watch for retests!
#Created by NiceBreakout.com

# Input parameters
input showVWAP = yes;
input showPreviousClose = yes;
input showOpeningRange = yes;
input showPsychologicalLevels = yes;
input showPivotPoints = yes;
input roundNumberInterval = 5.0;

# ========== VWAP - Intraday Magnet ==========
def vwapValue = reference VWAP();
plot VWAPLine = if showVWAP then vwapValue else Double.NaN;
VWAPLine.SetDefaultColor(Color.CYAN);
VWAPLine.SetLineWeight(2);
VWAPLine.SetStyle(Curve.FIRM);

# ========== Previous Day Close - Strong Magnet ==========
def prevCloseValue = close(period = AggregationPeriod.DAY)[1];
plot PreviousDayClose = if showPreviousClose then prevCloseValue else Double.NaN;
PreviousDayClose.SetDefaultColor(Color.YELLOW);
PreviousDayClose.SetLineWeight(2);
PreviousDayClose.SetStyle(Curve.SHORT_DASH);

# ========== Opening Range High/Low ==========
def isFirstBar = GetTime() crosses above GetLastDay();
def openingHigh = if isFirstBar then high else if high > openingHigh[1] and SecondsFromTime(0930) <= 1800 then high else openingHigh[1];
def openingLow = if isFirstBar then low else if low < openingLow[1] and SecondsFromTime(0930) <= 1800 then low else openingLow[1];

plot ORHigh = if showOpeningRange and SecondsFromTime(0930) > 1800 then openingHigh else Double.NaN;
plot ORLow = if showOpeningRange and SecondsFromTime(0930) > 1800 then openingLow else Double.NaN;
ORHigh.SetDefaultColor(Color.LIGHT_GREEN);
ORLow.SetDefaultColor(Color.LIGHT_RED);
ORHigh.SetLineWeight(1);
ORLow.SetLineWeight(1);

# ========== Pivot Points - Classic Magnets ==========
def dayHigh = high(period = AggregationPeriod.DAY)[1];
def dayLow = low(period = AggregationPeriod.DAY)[1];
def dayClose = close(period = AggregationPeriod.DAY)[1];

def pivotPoint = (dayHigh + dayLow + dayClose) / 3;
def r1Level = 2 * pivotPoint - dayLow;
def s1Level = 2 * pivotPoint - dayHigh;
def r2Level = pivotPoint + (dayHigh - dayLow);
def s2Level = pivotPoint - (dayHigh - dayLow);

plot PivotLine = if showPivotPoints then pivotPoint else Double.NaN;
plot R1Line = if showPivotPoints then r1Level else Double.NaN;
plot S1Line = if showPivotPoints then s1Level else Double.NaN;
plot R2Line = if showPivotPoints then r2Level else Double.NaN;
plot S2Line = if showPivotPoints then s2Level else Double.NaN;

PivotLine.SetDefaultColor(Color.MAGENTA);
R1Line.SetDefaultColor(Color.GREEN);
S1Line.SetDefaultColor(Color.RED);
R2Line.SetDefaultColor(Color.DARK_GREEN);
S2Line.SetDefaultColor(Color.DARK_RED);

PivotLine.SetLineWeight(2);
R1Line.SetLineWeight(1);
S1Line.SetLineWeight(1);
R2Line.SetLineWeight(1);
S2Line.SetLineWeight(1);

R1Line.SetStyle(Curve.SHORT_DASH);
S1Line.SetStyle(Curve.SHORT_DASH);
R2Line.SetStyle(Curve.SHORT_DASH);
S2Line.SetStyle(Curve.SHORT_DASH);

# ========== Psychological Round Numbers ==========
def currentPrice = close;
def nearestRound = Round(currentPrice / roundNumberInterval, 0) * roundNumberInterval;

plot RoundAbove = if showPsychologicalLevels then nearestRound + roundNumberInterval else Double.NaN;
plot RoundBelow = if showPsychologicalLevels then nearestRound - roundNumberInterval else Double.NaN;

RoundAbove.SetDefaultColor(Color.DARK_GRAY);
RoundBelow.SetDefaultColor(Color.DARK_GRAY);
RoundAbove.SetStyle(Curve.POINTS);
RoundBelow.SetStyle(Curve.POINTS);

# ========== Labels ==========
AddLabel(showVWAP, "VWAP: " + AsText(vwapValue), Color.CYAN);
AddLabel(showPreviousClose, "Prev Close: " + AsText(prevCloseValue), Color.YELLOW);
AddLabel(showPivotPoints, "Pivot: " + AsText(pivotPoint), Color.MAGENTA);

# Proximity Alert
def distanceToVWAP = AbsValue(close - vwapValue);
def nearVWAP = distanceToVWAP < (ATR(14) * 0.3);
AddLabel(nearVWAP and showVWAP, "NEAR VWAP!", Color.ORANGE);

def distanceToPrevClose = AbsValue(close - prevCloseValue);
def nearPrevClose = distanceToPrevClose < (ATR(14) * 0.3);
AddLabel(nearPrevClose and showPreviousClose, "NEAR PREV CLOSE!", Color.ORANGE);