🛡️ Topstep Restricted Zones (Auto Previous Close) — by Dragonthegood This script is built for traders using Topstep or other prop firm accounts that enforce risk rules near daily price limits (such as on futures like NQ, the E-mini Nasdaq-100).
🧠 What does this indicator do? 🔹 Automatically fetches the previous day's closing price 🔹 Based on that close, it calculates:
The 7% daily price limit (up and down)
The 2% restricted zone near those limits, where Topstep does not allow trading
🔹 Visually draws two red horizontal zones (upper and lower) on the chart, indicating where you should not open or hold positions
🔹 Optionally displays the previous close as a label on the chart for reference
🔒 Why is it useful? Helps you avoid violations of Topstep's high-risk zone rules
Prevents you from getting stuck in a trade if the market hits limit up or limit down
Works in real-time, without needing to manually input the previous close
🛠️ How to use it: Apply the script to your chart (works on any timeframe)
The danger zones will auto-draw based on yesterday’s close
If price is inside the red zone — don’t trade (per Topstep rules)