Weekly Open Range [BigBeluga]

A precision weekly range tracker that captures early market positioning from the first moments of the trading week.
By dynamically measuring the highest and lowest points from the first three candles after the Sunday 21:00 UTC open, the indicator builds a reactive support and resistance framework for the week ahead.
It also visualizes the active range with a dynamic box and provides live updates of the current price movement against the established range boundaries.

🔵 KEY FEATURES

• Automatically marks the weekly open range starting at Sunday 21:00 UTC.
  
• Identify maximum high and minimum low from the first 3 candles after the weekly open.
  

  if isWeeklyOpen or isWeeklyOpen[1] or isWeeklyOpen[2] or isWeeklyOpen[3]
  
          h = math.max(high, range_box.get_top())
          l = math.min(low, range_box.get_bottom())

• Draws two horizontal lines from the range extremes, acting as dynamic support/resistance zones throughout the week.
  
• Visualizes the range with a semi-transparent box for clear zone identification.
  
• Includes a compact dashboard panel with:
  - Symbol and current price with bullish or bearish bar indication with ▲ / ▼
  
  - Current weekly high/low range values
  

🔵 USAGE

• Treat the high and low of the range as support/resistance zones for the week.
  
• Combine with volume analysis or liquidity tools for entry confirmation.
  
• Refresh your key levels every week as the indicator resets each Sunday night.
  
• Works great alongside Smart Money Concepts (ICT) strategies and weekly planning.
  

Weekly Open Range [BigBeluga] gives traders a reliable structure to anchor their week. With clear range mapping, breakout signals, and intuitive visuals, it becomes a valuable part of any strategic trading approach—especially when precision timing around liquidity zones is key.