The indicator shows the High, Close and Low of the previous day, week or month. These levels are very commonly used as support and resistance among traders, so the indicator will draw them and leave a gap between periods to make it easy to distinguish when a new one started. Update 1.1:...
I cannot believe it's so tough to find a simple previous day/week/month high low indicator that gives the user the ability to determine the color/width/style of the line...number of days back would be a HUGE plus...with line segments only. Not something that draws channels and connects...