What indicators does the Previous Day High/Low strategy use?

The Previous Day High/Low strategy uses the following indicators: PDH/PDL Lines, VWAP, Volume. These can be configured directly in AlgoBars AlgoBuilder.

What timeframe works best for Previous Day High/Low?

The Previous Day High/Low strategy is best traded on the 5m–1H timeframe. This can be adjusted based on your trading style and market conditions.

📍 KEY LEVEL STRATEGIES · STRATEGY TEMPLATE

Previous Day
High/Low

Previous day high (PDH) and low (PDL) are the most watched institutional levels. Trade the breakout or rejection at these levels.

Key Levels5m–1H2:1 R:RLow Risk

58%

Win Rate

2.2:1

Avg R:R

8-12

Trades/Week

Deploy This Strategy See Rules

Rules & Configuration

The full rule set, required indicators, suggested configuration, execution flow, and performance parameters for the Previous Day High/Low setup.

Previous day high (PDH) and low (PDL) are the most watched institutional levels. Trade the breakout or rejection at these levels.

Indicators Used

PDH/PDL LinesVWAPVolume

Rules

📈 PDH Breakout Long

Price breaks above previous day high
Must close above PDH (not just wick)
Volume above average on breakout
VWAP trending upward
Target: PDH + (PDH - PDL) distance

📉 PDH Rejection Short

Price tests PDH and shows rejection
Long wick above PDH with close below
Enter short with stop above PDH wick

58%